Summary
Join us for this free webinar to learn how to enter, exit and manage risk in your forex positions with easy tools and techniques. Elliott Wave International currency analyst Robert Kelly will walk you through multiple FX charts and show how to turn Elliott wave analysis into actionable trades. Step by step, using real market examples, you will learn how to bridge the gap between the theory and real-life scenarios.Latest Live Videos
Editors’ Picks
EUR/USD stabilises beneath 1.1850 as focus shifts to German IFO data, ECB and Fedspeak
EUR/USD is consolidating beneath 1.1850, having seen a decent bounce from post-strong US PMI data lows of 1.1801. Despite setting hitting both its highest and lowest levels in more than a week on Monday, EUR/USD is now back within last week’s range.
USD/JPY regains 104.50, could extend recovery
The USD/JPY pair hit a one-week high of 104.63 and is set to extend gains on persistent dollar’s strength. The positive tone of equities provide additional support to the pair.
GBP/USD losses 1.33 as dollar strength outweighs vaccine optimism
GBP/USD is trading below the 1.33 level as the dollar gains strength following fresh dollar strength, triggered by upbeat US PMIs. Earlier, the pair advanced amid optimism on a coronavirus vaccine and Brexit.
Gold in bearish consolidation below $1840, remains vulnerable
Gold (XAU/USD) is nursing losses in Tuesday’s Asian trading, having slumped 2% on Monday to reach the lowest levels in four months at $1831. Vaccine progress, stronger US data hammer gold prices. Focus on vaccine updates and risk sentiment for fresh impetus.
WTI clings to gains around $43, extends daily winning streak to four
Crude oil started the new week on a firm footing supported by positive developments surrounding coronavirus vaccine candidates. The barrel of West Texas Intermediate (WTI) rose to its highest level since September 1st at $43.35 on Monday and has gone into a consolidation phase.