The Australian Dollar continues to fluctuate below and above the US$0.7700 threshold, after following its latest bounce off US$0.7671, during the overnight’s session on Tuesday. The rebound followed by a weaker greenback after Janet Yellen,… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices rose on Tuesday, ahead of Joe Biden’s inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth…. Read More
Spot gold prices edged higher on Tuesday as the US Dollar weakened after Janet Yellen, President-elect Joe Biden’s designated nominee for Treasury Secretary and a former chair of the Federal Reserve, appeared before the Senate… Read More
Wall Street displayed a positive move to the upside on Tuesday, with all three major U.S. stock indexes reversing from a losing week, as Janet Yellen in her Senate confirmation hearing called for more fiscal… Read More
All three major U.S. stock indexes rose on Tuesday, rebounding from a losing week, as investors digested results from the new U.S. earnings season. With U.S. technology stocks led the gains, as Janet Yellen in… Read More
The Australian share market closed higher on Tuesday and is now within striking distance of its 11-month high posted at 7,197.20, back in mid-February 2020. The gains were widespread throughout the share market, with the… Read More
The Australian Dollar staged a minor rebound after posting some modest losses on Monday, although the brakes were hit near the US$0.7655-60 support level after inking in an intraday low of US$0.7658. In economic data,… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices retreated slightly on Monday as a bid-tone emerged for the US Dollar. Oil prices clawed back some losses after Chinese data showed the… Read More
It was touch-and-go on the opening session on Monday as the bears crushed the $1,820 support but failed to continue the downward journey. After inking in an intraday low of $1,801, bulls returned in greater… Read More
With Wall Street being absent on Monday in observance of Martin Luther King Jr. Day, we are just days away before President-elect Joe Biden’s Inauguration Day. Amid concerns about another incident, in the wake of… Read More
With little direction from overseas markets due to the Martin Luther King Jr. Day holiday, investors will be monitoring several dozen S&P 500 companies report earnings this week. Bank of America, Goldman Sachs, IBM, Intel… Read More
Materials and Financial sectors sent the ASX off the rails on Monday triggering the biggest loss in a week on the Australian share market. The materials sector lost -1.93%, while financials fell -1.07%. At the… Read More
The bulls were not as ambitious on Friday in taking the challenge higher after inking an intraday high of US$0.7787, a bearish ambush emerged. Supporting last week’s assessment, the downside expectation holds the call to… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices was down on Monday morning, as the bears slowly outnumber the bulls from the near-term cap at $54.30-80. A stronger U.S. Dollar return… Read More
The precious yellow metal sinks further on the Monday’s open to its lowest level in nearly eight weeks, as a stronger U.S. dollar strengthened to its highest in four weeks against rival currencies. Last Thursday… Read More
Wall Street finished the week just below the waterline after a choppy session on Friday, with all three major U.S. indexes booking their largest one week drop since late October. At the finishing bell, on… Read More
Wall Street closed the week on a down note on Friday, with all three major U.S. indexes booking their largest one week drop since late October after President-elect Joe Biden announced a $1.9 trillion COVID-19… Read More
The Australian sharemarket finished flat after three straight days of gains slipped on the third from an intraday high of 6,752.40 (resistance (cap) 6,755-65)) and slowly declined into the Friday afternoon session. At the closing… Read More
The bulls put in another performance on Thursday and lifted their horns which fuelled the upside move for the Australian Dollar to ink in a fresh 1-week high of US$0.7804 during the New York session… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices eased slightly on Thursday as surging coronavirus cases in Europe and new lockdowns in China renewed worries about global oil demand. The market… Read More
The precious yellow metal continues to look for directions since last Friday’s 89-dollar plunge. Meanwhile, on Thursday, U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone after affirming his commitment to keeping interest rates… Read More
Wall Street slipped on Thursday as investors awaited details of the incoming Biden administration’s plans for a new coronavirus relief package. President-elect Joe Biden is expected Thursday evening to unveil details on his proposed spending… Read More
U.S. stocks finished below the waterline after a choppy session on Thursday as market participants remained glued to their screens for any hint of new developments on the awaited the unveiling of a potentially big… Read More
It was another mixed session on the Australian sharemarket as financial, and health shares offset losses in materials and energy. The index overcame a weak start and managed to rise for the second day, with… Read More
The Australian dollar retreated slightly on Wednesday while the broad US dollar recaptured its bullish charm and rebounded after its modest retreat on Tuesday. Having touched an intraday high of US$0.7780, markets largely ignored a… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices slipped away from the 11-month highs after U.S. oil stockpiles fell more than expected in the latest week, the Energy Information Administration said… Read More
The precious yellow metal ended mixed overnight, ahead of U.S. President-elect Joe Biden when he is expected on Thursday to release details of his plan to support the economy, that could include bigger cash payments… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the broader technical pattern (monthly) or more to the point the primary assessment. Based… Read More
Technical Outlook – The weak price action over the past three months is now slowly heading back to the bullish foundations, which was viewed as a rejection in March 2020 from $0.40. It is assessed… Read More
Technical outlook – Technical analysis may appear complicated on the surface, but it boils down to an analysis of supply and demand in the market to determine where the price trend is headed. In this… Read More
Technical outlook – Examining the technical structure Cann Group Limited (CAN), we have noticed that there are many positive takeaways from the technical pattern. Based on the leading indicators, the Moving Average Convergence Divergence (MACD)… Read More
Technical outlook – Technical analysis has many instruments for traders and investors looking for trade inspiration or wanting to reaffirm trade ideas and analysis. The current market pattern has found support from the trendline, which… Read More
Technical outlook – Technical analysis is an excellent tool for traders and investors looking for trade inspiration or wanting to reaffirm trade ideas and analysis. The leading indicators Moving Average Convergence Divergence (MACD) and the… Read More
