Gold Price Crawls Back But Lags Resilient Bitcoin Performance
Gold price is up for the third straight day as investors react to the overall weak US dollar, upcoming stimulus, and the overall strength of the market. On Tuesday morning,…
What’s Been Strong Shall Remain Strong – Mexican Peso
The sentiments were mixed last week, as risk assets closed the week strong overall, although USD put some of them under pressure, completing the breakout of the Head and Shoulders…
USD/CAD Forms Inverse H&S Ahead Of Canadian And US Jobs Data
The USD/CAD price is forming an inverse head and shoulders (H&S) pattern ahead of the US nonfarm payrolls and Canada's January jobs numbers that will come out on Friday. The…
USD/ZAR: Positive Sentiment and Tight Fiscal Policy May Favor the ZAR
America's issuance of the travel ban against South Africa due to the new SA Covid-19 variant decreased ZAR's hold against the dollar into 2021.SA's hope to vaccinate at least 67%…
Upcoming Volatility Surge In Forex – Buckle Up!
The week has closed not in favor of risk assets, as the stock indices declined across the board. On the contrary, safe-haven assets experienced some surge. It's time to consider…
Dollar, Yen Struggle As Euro, Pound, Yuan Show Strength
Traders handled the dollar cautiously ahead of the Fed policy meeting.EU and UK currencies appeal to traders amid the jostle for coronavirus vaccine doses.China’s new trade deal with New Zealand…
Ride The Sell-off In Indices – Short IBEX 35
Last week hasn't been the best for risk assets, as most stock indices closed the week sharply negative. After the decent growth at the beginning of the year, it's time…
Pinduoduo Inc. (NASDAQ: PDD) Is Likely to Sustain the Current Momentum
Overview Consumer-driven eCommerce is a new concept that a few entities are trying out, but Pinduoduo seems to have perfected it. PDD’s consumer to merchant (C2M) model has enabled it…
China’s Economic Data Drives Asian Markets
Japanese stocks rise after the government reaffirms its commitment to bring the pandemic under control and host the Olympics.Australia's mining and financial sectors rise in China's economic optimism.Korean investors look…
Dollar Bounce and the “Risk-Free” USD/HKD Setup
The year 2021 started along with the correction in the US Dollar. While the fundamentals such as Biden's $1.9 trillion stimulus and the Fed's dovish outlook for the near future…
Futu Holdings Limited (NASDAQ: FUTU) Is Growing Fast, Yet the Stock Is Still Undervalued
Overview FUTU stock gained 77% in the last three months of 2020, rounding off a year in which the stock managed to grow by a dizzying 428% in the full…
Asian Stocks Rise On Quick Economic Recovery Hopes
Asian investors cheer prospects of big US government spending after Democrats sweep Georgia runoff elections.Trump’s China crackdown unnerves investors in Hong Kong amid reports of Alibaba and Tencent ban. Moderna vaccine…