Monday, November 30, 2020

GBP/USD Gives Back Gains, Falling To 1.3300 Technical Support

The British pound sterling gave back some of the gains on Friday, to close on a bearish note. This move saw price action falling...

Euro Resumes Gains Following Trend Line Support

The euro currency closed on the higher side on Friday, following a flat close on Thursday. The gains come as the rising trendline sees...

Strong Chinese PMI Numbers

Market movers today There are no significant market movers today, so COVID-19 developments and restrictions together with Brexit negotiations are in focus. On Brexit,...

EURUSD Range Break

The euro currency has started the week with a strong short and medium-term bullish bias against the US dollar after the pair performed its...

ETHUSD Recovery Underway

Ethereum has staged a strong recovery over the weekend, with the ETHUSD pair closely tracking BTCUSD, and reaching the $550.00 area. Technical analysis shows...

Crude Oil Prices Drop Ahead Of The OPEC + Meeting

The Australian dollar declined slightly in early trading even after strong economic data from Australia and China. In Australia, economic numbers showed that company...

Equities November Reign – SP500

After an equity rally of such magnitude and as bonds are set to finish the month flat there has been an expectation that asset...

Copper FUTs Rise On China PMI Data

General Trend China banks rise after PBOC announcement related to MLFs; Consumer firms lagged Consumer and Financial firms are among the decliners in Australia;...

RBA Preview: Cautiously Optimistic over Recovery; QE Expected to Increase Further in 2021

After some big moves in November, we believe the RBA will stay put at this week’s meeting. Given the good news about vaccine and...

Gold Selloff Resumes, Markets Shrug Solid Data from Japan, China and New Zealand

Asian markets are generally mixed despite some solid data from Japan, China and New Zealand. Yen is lifted mildly by the relatively optimistic economic...