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THGeopolitical Events
NZDJPY – Kiwi Gathers Momentum Eyeing 77.88
NZDJPY- Daily NZDJPY- The Japanese Yen finally regained some ground against the US Dollar during this afternoon's London session but continues to display weakness against many of its counterparts. In particular, the NZDJPY and AUDJPY crosses ...
Read MoreCrude Oil – Saudi Production Cuts Spark Rally
USOIL- Hourly USOIL- It's been an impressive start to the year for Crude Oil prices so far, with prices steadily rising to over $50 per barrel and returning to pre-pandemic levels. It would seem many underestimated such a speedy recovery. ...
Read MoreEURUSD – Goldman’s 1.28 Estimate Matches P&F Analysis
EURUSD- Point & Figure EURUSD- The overall weakness of the US Dollar continues to dominate much of the FX markets at this stage. Despite a slight uptick in USDJPY this afternoon, the longer-term picture is starting to suggest more of the ...
Read MoreEURJPY – Unearthing A Potential 2015 Target
EURJPY - Point & Figure EURJPY - At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but t...
Read MoreCOTD: GBPJPY – Bullish Sentiment On A Tightrope
GBPJPY - 4HR GBPJPY - Last week we looked at EURGBP and the technicals relating to potential issues surrounding the trade talks deadline. Sticking with the general theme, today's Chart of The Day focuses on another Sterling cross GBPJPY, po...
Read MoreOPEC and allies reach a compromise
By Deepta Bolaky @DeeptaGOMarkets The oil industry has remained pressurized by a supply glut and the ongoing uncertainty on the demand outlook with respect to the structural changes in the energy market and the pandemic. The recent vaccine update...
Read MoreCOTD: EURGBP – Sterling Aiming For Long-Term Recovery
EURGBP - 4HR EURGBP - Pound Sterling hit hard during today's London session as senior EU diplomats suggested significant barriers still exist around trade deal negotiations. The unfavorable news sent the cross rallying to a three and a half w...
Read MoreCOTD: USOIL – Can Oil Prices Reach Pre-Covid Levels?
USOIL - Point & Figure USOIL - Goldman Sachs has recently called for the value of crude oil to increase to roughly $65 per barrel as we head into 2021, and the latest charts appear to echo this sentiment of a global rebalancing in this ma...
Read MoreCOTD: XRPUSD- Increased Demand Could Target $1.18
XRPUSD- Point & Figure XRPUSD - It's been a wild few sessions for the cryptocurrency space as a whole, particularly with Bitcoin creeping back up towards the $20,000 price region. In amongst this surge of activity, today's Chart of The Da...
Read MoreCOTD: NZDCAD- Strong Bullish Trend Prevails
NZDCAD- 4HR NZDCAD - Fundamental positives for both the New Zealand Dollar and the Canadian Dollar continue to stack up this week as the commodities space shows renewed interest, and discussions of successful Covid-19 vaccines seem to increas...
Read MoreCOTD: AUDUSD – Further Consolidation As Momentum Fades
AUDUSD - Hourly AUDUSD - Despite an impressive bounce-back above pre-pandemic levels, it appears the Australian Dollar rally could be coming to an end. With momentum waning and no apparent price catalysts in sight, the AUDUSD pair seems top-h...
Read MoreCOTD: EURCHF- Emerging Pattern Suggests Reversal
EURCHF- Daily EURCHF - Generally speaking, EURCHF is not one that many would pay attention to due to the low ATR values. However, the pair has dusted itself off during the past few months and started making some decent moves once again. Th...
Read MoreCOTD: NZDUSD- Bullish Channel Looking Overbought
NZDUSD- 4HR NZDUSD - Despite looking somewhat choppy and uninspiring on the longer-term charts, price action could be starting to heat up for the Kiwi Dollar as we venture into the lower time-frames in today's Chart of The Day. In particul...
Read MoreCOTD: PYPL- PayPal Fueling A Digital Rally
PayPal (PYPL)- Daily PAYPAL - News of Paypal's venture into the world of Cryptocurrency last month sent the stock rallying 5%, as discussed in a previous article by Go Markets analyst @DeeptaGOMarkets. Since April, the share price, already on...
Read MoreCOTD: EURJPY- Upsetting The Euro Apple Cart
EURJPY- Daily EURJPY - Midway through the year, it appeared the Euro had found an edge against its Japanese counterpart with increased demand push the pair to price highs last seen in early 2019. However, the last few weeks have brought about...
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