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Gold Closes the Week with a Doji
The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope ...
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Crude Oil Barely Moves Off the 40 Handle
Oil prices continue to remain in limbo. Price action is trading quite flat with oil stuck around the 40.00 handle for the past few days. The squeeze between the horizontal ...
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GBPUSD Attempts to Pull Back Higher
The British pound did not see much movement. Price action is trading somewhat flat for the past two consecutive sessions. Following the decline of the 1.2516 level, GBPUSD is ...
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USDJPY in Double ZigZag Pattern?
The current USDJPY structure suggests that we are near the end of the double zigzag. The intervening wave Ⓧ consists of intermediate sub-waves (W)-(X)-(Y). Waves (W) and (Y) are ...
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Another Hold From the RBA Tomorrow?
There isn’t a significant expectation of a major change in policy after the RBA’s meeting, which concludes tomorrow. However, we still should approach the event – especially the ...
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Weekly Fundamental Bulletin: Economic Data to Improve in June
Last Week’s Highlights UK Manufacturing Sector Stabilizes in June The latest manufacturing data from the United Kingdom for the month of June created some optimism. After a ...
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S&P500 May Pull Back to Lower Support
The S&P500 index made some major gains last week. But prices stalled near the previous highs at 3160, marking a resistance level as a result. Friday’s price action closed into an ...
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The Week Ahead: The Clock is Ticking
EURGBP Rallies on Uncertain Brexit Prospect The pound sterling’s latest rebound could be short-lived for the lack of new development on the Brexit front. Unexpected cancellation ...
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Trump Turns Up the Heat in 4th of July Speech
In the president’s 4th of July speech on the White House lawn on Saturday, there was an agitated tone to his delivery. This is a speech that many presidents use to deliver ...
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Precious Metals Monday 06-07-2020
Gold The gold market has seen a listless start to the week with prices remaining subdued though not far below the 2020 highs. Equities markets have started the week with strong ...
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