GO Daily News

COTD: EURUSD – Consolidation Before A Stronger Dollar?
September 22, 2020

EURUSD -Daily EURUSD Euro Dollar is a strange pairing at the moment in terms of directional bias. In today's Chart of The Day, we'll be looking at its current performance in the daily time frame. First up, we notice this long period of consolidation following some impulsive moves higher. This range of price action began back in late July o...

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Interest Rates and Central Banks
September 18, 2020

By Deepta Bolaky  @DeeptaGOMarkets Investors were very much focused on central banks meetings amid the current uncertainty and caution in the markets. Given that governments and central banks have gone out of their conventional ways to support the global economy in managing an unparalleled health and economic crisis, markets need to monitor ho...

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COTD: GBPUSD – Negative Rates Talk As Indicators Converge
September 18, 2020

GBPUSD -4HR GBPUSD   The Bank of England announcement was expected by most to be a non-event today with interest rates left on hold, and this was partially true. The figures did remain on hold. However, the BOE's rhetoric following the release, namely the discussion of negative interest rates, sent traders into a tailspin. Given the c...

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Overnight on Wall Street: Thursday 17 September 2020
September 17, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets It was a Fed day as investors awaited updates from the Federal Reserve Chairman Jerome Powell. Amid a fragile risk environment, markets are looking for support from central banks and governments. Given the US political gridlock over the fiscal stimulus package, the attention was switched to the ...

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COTD: Rio Tinto – Yearly Pivot Points In Action
September 17, 2020

RIO.AX - Weekly Rio Tinto (RIO.AX)   With the general commodities theme currently occupying markets, we thought it was time to include Rio Tinto (RIO.ax), one of the more significant resource-driven stocks from the ASX 200, as our Chart of The Day. On the candlestick chart above, we're looking at the weekly time frame as it best re...

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Overnight on Wall Street: Wednesday 16 September 2020
September 16, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets An environment of caution remains especially ahead of the US central bank meeting. Global stocks advanced higher but risk sentiment remains fragile as investors are looking for more guidance from the central banks and governments while finding support on vaccine updates and the signs of economic...

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COTD: NZDCAD – Kiwi Trend Pushing Higher
September 16, 2020

NZDCAD - 4HR NZDCAD    In today's Chart of The Day, we view NZDCAD on the four-hour time frame as a battle of commodity-driven currencies emerges. While the New Zealand Dollar drifts higher against a weakened US Dollar, the Canadian Dollar remains down in the doldrums due to significantly lower global oil prices. On the chart abov...

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Overnight on Wall Street: Tuesday 15 September 2020
September 15, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets An environment of caution is prevailing in the stock market. Global stocks were mixed on Monday - Asian stocks and US stocks performed better than European stocks. Source: Bloomberg Wall Street kickstarted the week on a better note with all major US equity indices ended in positive terr...

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COTD: AUDJPY – Will a Stronger Yen Impact an Already Resilient Aussie Dollar?
September 15, 2020

AUDJPY As the Japanese Yen continues to strengthen on the back of reports suggesting Yoshihide Suga will become Japan's next prime minister, in today's Chart of The Day, we will look at how a stronger Yen may impact an already resilient Aussie Dollar. Without going into the fundamentals of recent Japanese politics, it seems reasonable to as...

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Geopolitical tensions, Brexit, and Tech Sell-off
September 11, 2020

By Deepta Bolaky  @DeeptaGOMarkets A volatile week dominated by geopolitical tensions between the US and China, Brexit woes, the US political gridlock and the nervousness in the stock market. Stock Market - Wild Swings Global equities went on a wild ride throughout the week after a muted start to the week due to the public holiday in the US...

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Overnight on Wall Street: Thursday 10 September 2020
September 10, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global stocks rebounded on Wednesday after a few days of heavy sell-off. Investors are keeping an eye on the volatility in the markets especially in the tech sector which was outperforming until the recent rout. Major European and US equity indices closed higher by 1% or more overnight. So...

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COTD: ANZ.AX – Anyone Banking On A Recovery?
September 10, 2020

ANZ.ax - Point & Figure ANZ.ax - In today's Chart of The Day, we take a look at ANZ (Australia & New Zealand Banking Group Limited), one of the 'Big 4' banks listed on the ASX 200. As the global pandemic continues to wreak havoc among the various business sectors, ANZ's share price has suffered considerable losses in recent months, as d...

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Overnight on Wall Street: Wednesday 09 September 2020
September 9, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Following a public holiday on Monday for the Labour Day, the US share market extended losses into a new week. European and US stocks fell overnight as the relationship between the US and China turned sour. Ahead of the US election, markets are expecting the Trump Administration to ramp up the rh...

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COTD: USDCAD – Finally! A Breakout of the Descending Channel
September 9, 2020

USDCAD - 4HR USDCAD - As news of increased Coronavirus cases in the US dominates the headlines, coupled with falling global oil prices, USDCAD has been a formidable one to analyse in recent times. However, we are finally starting to see some exciting moves in the pair, making it a clear choice for our Chart of The Day. Firstly, USDCAD has ...

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Overnight on Wall Street: Tuesday 08 September 2020
September 8, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets The US financial markets were closed for Labor Day. The immediate attention was on President Donald Trump who raises the idea of decoupling the US and Chinese economies. Ahead of the US election, markets are expecting the Trump Administration to ramp up the rhetoric to curb the relationship betw...

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COTD: NZDJPY – Bullish Sentiment Shines Through
September 8, 2020

NZDJPY - 4HR NZDJPY As we start a fresh new trading week, NZDJPY has made our Chart of The Day on the four-hour time frame. We'll be examining the pair using the Ichimoku Cloud method. Despite the bearish tones presented in the shorter-term time frames, including the drop of almost 100 pips since the beginning of September, the Kiwi Yen cr...

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COTD: BTCUSD – Bitcoin Bulls Feeling The Heat
September 5, 2020

BTCUSD - Point & Figure (BTCUSD) Bitcoin After a typically volatile week for Bitcoin, some traders are beginning to question whether the most recent rally towards $12,500 was merely a flash in the pan or perhaps signs of a spectacular rise brewing in the cryptocurrency. The Point & Figure chart above suggests that the bulls should ...

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Week Summary – September Starts with a Tech Sell-Off
September 4, 2020

By Deepta Bolaky  @DeeptaGOMarkets It was another volatile week with wild swings in the stock market. Investors remain focused on vaccine updates and signals from central banks and governments while monitoring the improvement in the economic data.  Stock Market - Tech Sell-off Global stocks have been on a staggering rally in August. The glo...

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COTD: XAGUSD – Is Silver Trying To Win Gold?
September 4, 2020

XAGUSD - Hourly (XAGUSD) Silver As one of the best-performing assets last month and indeed perhaps 2020 so far, Silver continues to dominate the headlines along with Gold as investors seek traditional safe-havens to park funds. In today's Chart of The Day, we examine XAGUSD to discover where the precious metal price may be heading. The fir...

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Overnight on Wall Street: Thursday 03 September 2020
September 3, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global stocks advanced higher on Wednesday. While the catalyst for yesterday’s gains is unclear, we note that investors are fuelled by the ongoing stimulus and vaccines updates. It was a day of gains for major equities indices.  Wall Street recorded new highs as all the three US benchmarks...

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