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THGO Daily News
Overnight on Wall Street: Thursday 29 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The bloodbath in the stock market continues as more countries are set to go into national lockdowns again following the surging number of COVID-19 cases. Source: Bloomberg The second wave...
Read MoreCOTD: XAUUSD- Is Gold Losing Its Shine?
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...
Read MoreOvernight on Wall Street: Wednesday 28 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets It was another day of red in the global stock markets as certain European countries continue to post record numbers of coronavirus cases and reported more deaths seen since April. European stocks ...
Read MoreOvernight on Wall Street: Tuesday 27 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The daily records of coronavirus infections across the US and European countries have dampened risk sentiment. Global equities ended in a sea of red with major pullbacks in the European and US mar...
Read MoreCOTD: AUDCHF – Bearish Channel Dictates Trend
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...
Read MoreOvernight on Wall Street: Thursday 22 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The stock market remains driven by headlines on the US stimulus package leading up to the most-awaited political event of the year. European and US stocks edged mostly lower as stimulus chaos, Bre...
Read MoreOvernight on Wall Street: Wednesday 21 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The stock market continues to be driven by hopes of US stimulus leading up to the most-awaited political event of the year. Global equities were mixed on Tuesday as stimulus chaos, Brexit woes, an...
Read MoreDXY – Can The Dollar Rise To The Occasion?
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 ...
Read MoreOvernight on Wall Street: Tuesday 20 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Global equities struggled to advance higher as investors mulled US stimulus negotiations. European stocks initially brushed aside coronavirus lockdown restrictions in certain parts of Europe and p...
Read MoreCOTD: EURAUD – Buy Signal To End Choppiness?
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...
Read MoreCOTD: Crude Oil – Subtle Hints At Accumulation
USOIL - 4HR USOIL - Perhaps overshadowed by gold's recent performance in the commodities space, crude oil prices seem to be floundering as global markets remain uncertain of the future of fossil fuels. At first glance, the four-hour chart ...
Read MoreOvernight on Wall Street: Thursday 15 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The US stimulus gridlock, earnings, Brexit woes, the rising number of coronavirus cases in Europe and vaccines updates drove risk sentiment on Wednesday. Global equities struggled to rebound as an...
Read MoreCOTD: USDCHF – Selling Into The Dollar Rallies
USDCHF - Hourly USDCHF- With the US Dollar Index trending lower combined with generalised political tensions worldwide, USDCHF appears to be selling on rallies and attracting much of the risk-off flow. October has seen a steady decline for...
Read MoreOvernight on Wall Street: Tuesday 14 October 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Risk aversion crept back into the markets following the deadlock in US stimulus negotiations, no Brexit breakthrough ahead of the deadline and the rising number of coronavirus cases in Europe. ...
Read MoreCOTD: EURJPY – Loss Of Momentum Weighs Heavy
EURJPY - 4HR EURJPY- Renewed selling interest in the EURJPY pair looks as if it may continue to lower levels during the upcoming sessions as the previous bullish technicals begin to waver. The four-hour chart above shows a validated bullis...
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