Everybody Quiz Time! Are you ready for the reward?
The US dollar index has been rising from the low of 89.209 amid both the Democrats' victories in runoff elections and the soaring US 10-Year Treasury yield.
In this paper, WikiFX will explain how the forex market puts traders into profits from two aspects.
The Euro has rallied pretty significantly during the trading session on Tuesday, as the 50 day EMA seems to have offered support.
Gold prices inched higher on Tuesday after hitting a 1-1/2-month low in the previous session, as hopes of further global stimulus to stem the economic toll from the COVID-19 pandemic countered a firmer dollar.
GBP/USD did not manage to settle below the 20 EMA and is moving towards the resistance at 1.3625.
Gold this week opened the Asian session with deepened losses, recording a fresh intraday low of $1,818.70/ounce.
EUR/USD takes offers near 1.2065, down 0.10% intraday. In doing so, the currency pair drops to the fresh low since early December 2020 while stretching Friday’s downside break of 50-day SMA.
AUD/USD managed to get below the 20 EMA and is trying to settle below the support at 0.7675.
GBP/USD managed to get below 1.3600 and is trying to settle below the 20 EMA.
UK’s FCA warns crypto investors to prepare to lose everything.
Technically, the key support zone is $2.552 to $2.485. The major resistance zone is $2.794 to $2.918.
Theres a chance that markets will have to pay for this in the form or sharply higher interest rates or tax hikes that could cap equity valuations.
Gold opened 2020 with a striking momentum, hitting as high as $1,950/ounce.
Given the current downside momentum, we think the gold market is headed for a retest of the long-term retracement zone at $1780.50 to $1705.20.
Production is expected to decline in 2021
The crude oil markets initially rallied during the course of the week, but then gave back the gains to form shooting stars in both grades that I follow.
The latest talking point in financial markets comes from the soaring US 10-Year Treasury yield.
Silver markets have gone back and forth during the course of the week, showing signs of confusion in choppiness as we do not quite know what to do next.
USD/CAD failed to settle below 1.2625 and rebounded back above 1.2700.
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