Articles

COTD: AUDUSD – Further Consolidation As Momentum Fades
November 13, 2020

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...

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COTD: EURCHF- Emerging Pattern Suggests Reversal
November 11, 2020

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...

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COTD: NZDUSD- Bullish Channel Looking Overbought
November 6, 2020

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...

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COTD: PYPL- PayPal Fueling A Digital Rally
November 4, 2020

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...

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COTD: EURJPY- Upsetting The Euro Apple Cart
November 3, 2020

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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October: US Stimulus Noises and National Lockdowns
October 30, 2020

By Deepta Bolaky  @DeeptaGOMarkets Another Volatile Month for Markets The financial markets were rattled by another wild month driven by geopolitics and COVID-19 updates. As the month comes to an end, the rapid resurgence of the coronavirus cases...

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US Election 2020: Eyes on the US Senate
October 30, 2020

By Deepta Bolaky  @DeeptaGOMarkets The Political Event of the Year 2020 The most-awaited political event of the year 2020 is just around the corner: the US Presidential elections will take place next Tuesday on the 3rd of November. The US politic...

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COTD: XAUUSD- Is Gold Losing Its Shine?
October 29, 2020

XAUUSD - Hourly XAUUSD - The London session saw a much weaker performance from XAUUSD today, as it plunged around 2% on the open to print a low of $1869 on the day. Perhaps as the US general election approaches, coupled with stimulus talk and...

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Earnings to Watch This Week: Amazon, Microsoft, Apple, Facebook and Alphabet
October 27, 2020

By Deepta Bolaky  @DeeptaGOMarkets Investors are gearing up for one of the busiest weeks of the third-quarter earnings season. The immediate focus will be on the tech leaders: Amazon, Apple, Facebook and Alphabet as those companies were among th...

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COTD: AUDCHF – Bearish Channel Dictates Trend
October 27, 2020

AUDCHF - 4HR AUDCHF - When looking at the daily chart for AUDCHF, there certainly appears to be signs of a bearish breakout building up for the pair. It's more of a longer-term trend that looks set to grind the price lower during the upcoming...

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PayPal Taps into Crypto
October 22, 2020

By Deepta Bolaky  @DeeptaGOMarkets Buy, Hold and Sell Cryptocurrency  PayPal officially confirmed its entrance in the cryptocurrency market on Wednesday. The leading online payments company announced the launch of a new service enabling its cust...

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DXY – Can The Dollar Rise To The Occasion?
October 21, 2020

DXY - Daily DXY - The daily Ichimoku chart displayed mostly indecisive moves throughout August and printed a low of 91.74 last month. It seemed DXY essentially tip-toed sideways as the market attempted to factor in both the US election event ...

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COTD: EURAUD – Buy Signal To End Choppiness?
October 20, 2020

EURAUD - Point & Figure EURAUD - The EURAUD pair has bubbled along since June without providing a clear directional bias. The price, caught within a range, has looked static and uninteresting, but that could all be about to change as we s...

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US Corporate Earnings to Watch this Week
October 19, 2020

By Deepta Bolaky  @DeeptaGOMarkets Aside from politics and virus concerns, attention will be on the US corporate earnings season. After major US banks reported their third-quarter earnings results, investors will eye Netflix reports among many o...

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Crude Oil Market
October 16, 2020

By Deepta Bolaky  @DeeptaGOMarkets An oil price war and the pandemic struck the crude oil market at a time where the industry was already faced with a simultaneous demand and supply shock. Put simply, crude oil prices were already under pressure...

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