Societe Generale Testing Key Resistance

SG Rally Continues Shares in French bank Societe Generale have been on a firm rally recently. The company’s stock price has rallied more than 37% off the year-to-date mid 15 lows to current highs around the 21 level. Sentiment towards the bank was lifted in […]

Can A Fed Interest Rate Hike Save The Dollar?

The dollar has been trending to the downside, particularly since the new covid vaccines have been announced. As the economy recovers, one typically does expect safe havens like the US dollar to depreciate a bit. But there are several issues that make it especially likely, […]

GBPUSD Has The Triangle Cycle Ended?

The GBPUSD currency pair shows the formation of a large cycle triangle. Currently, we see the final primary impulse wave Ⓒ of the zigzag cycle wave e. As part of the bullish impulse wave Ⓒ, a small correction wave 4 recently completed. This took the […]

AUDNZD Looks for Golden Ratio Resistance

AUDNZD has been drawn into a choppy market after plummeting over 600 pips in the second half of 2020. Since then, two separate attempts to shift the dynamic to the upside have failed. We now see prices trading firmly within the Ichimoku cloud. The golden […]

Von der Leyen: EU is Catching Up with the UK

Greenback Index Flirts With 90 The dollar strength faded throughout Wednesday’s session. After initially spiking to weekly highs, it eventually closed 0.10% down. This comes despite new home sales rising more than expected in January, with the focus now shifting on today’s jobless claims. With […]

Crude Rallies Despite EIA Inventories Build

Crude Higher As Risk Appetite Recovers Crude oil prices have been sharply higher again this week. The market extended recent gains by a further 8%. The upside move derived further support from the rebound in risk appetite as equities prices recovered off mid-week lows following […]

Bezos Dethrones Musk – Did Tesla’s Bubble Just Burst?

Elon Musk was effectively ejected from the throne of the world’s richest person. This comes after Tesla’s recent slide in the electric carmaker’s shares. The company has suffered steep falls this week, tied to the firm’s recent $1.5bn investment in Bitcoin. It seems the risk […]

Crude oil rises over 3%, Inching Closer to a Two-Year High

Oil prices managed to shrug off the uncertainty of the past few days with price action once again surging. On an intraday basis, spot crude oil prices rose over 3% in what is likely to be a strong recovery. The gains come after oil prices […]

Gold Prices Likely to Close Bearish for a Second Day

The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a few points below the […]

Euro Trades Subdued but Supported by the Trend-Line

The euro currency is trading rather mixed, a day after prices almost closed flat on Tuesday. Overall, the long-term trendline on the daily chart is supportive of prices. Therefore, we could see price action attempt to push higher. The 50-day moving average is also close […]