Month: January 2021

NZD/JPY bulls taking back control on the daily chart. The monthly chart, however, is overextended to the upside.  NZD/JPY is on the brink of an upside extension while price holds above the daily 61.8% Fibonacci and the 10-day moving average.  The following is a top-down analysis that illustrates the market’s stricture and bullish bias.  Monthly chart
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AUD/USD Holding above a major support level.  Should see one more push back above 0.773 ( last weeks high). Key notes : At major support Bullish on 4 hour time frame Bearish on ltf Plan: wait for price to reach 0.7788 to confirm TC on 1 hour chart. Afterward set a buy limit order at
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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Fees on the Ethereum network have reached an average of $10.20 per transaction as of Sunday, according to data from YCharts. The network’s fees went higher on only two occasions in 2020, briefly averaging $12.54 in early September. They again rose to $11.69 near the middle of the same month. Ethereum network transactors faced high
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Dollar’s selloff intensifies somewhat today, with solid risk appetite in the background. Though, Sterling is slightly weaker entering into US session. On the other hand, Euro and Swiss Franc are the strongest for now. Commodity currencies are also struggling to pick up buying despite rally in oil prices and Gold. Nevertheless, a busy week with
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A slower start to the new year for Japanese stocks AxJ equities are performing slightly better to start the new year but Japanese stocks are down on the day as the government is reportedly considering declaring a state of emergency for a month to deal with the latest virus wave. Elswhere, the Hang Seng is
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NEW DELHI: Gold and silver futures prices in the domestic market traded with gains on Monday as covid-19 cases continued to surge forcing many countries to mull tougher restrictions. Global coronavirus cases continued to climb, with British Prime Minister Boris Johnson hinting at tougher lockdown restrictions, while Japan considered declaring a state of emergency for
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Dollar trades generally lower today as Asian markets ex-Japan open the year on strong footing. Investors are generally riding on optimism of vaccine rollouts and an eventual sustainable global recovery. Though, for the short term, Japan is facing risk of more lookdowns while coronavirus infections in the US could still surge again. The forex markets
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WTI attacks the upper band of short-term trading range. OPEC’s Barkindo sounds cautiously optimistic ahead of OPEC+ meet, risk sentiment stays mixed. China’s Caixin Manufacturing PMI can offer immediate direction. WTI wavers around $48.50, eases from an intraday high of $48.58 now, during Monday’s Asian session. In doing so, the energy benchmark attacks the high
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Nickel prices rose by 0.59 per cent to Rs 1,219.40 per kg in futures trade on Friday as speculators built fresh positions on rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for January delivery gained Rs 7.20, or 0.59 per cent, to Rs 1,219.40 per kg in a
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