Morning Insights 29th July

Instrument: EURUSDThe Greenback traded lower against most of the major currencies on the back of the Federal Reserve’s monetary policy announcement. EUR/USD rose to its strongest level in nearly 2 w...

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Simon Alagbe


Morning Insights 28th July

Instrument: US 30 (Dow Jones Industrial Average)The index retreated in the session yesterday as the regulatory clampdown by a Chinese authority on tech and education companies dominated sentiment. Inv...

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Simon Alagbe


Morning Insights 23rd July

Instrument: EURUSDThe greenback edged higher in the session yesterday after the dovish statement of the ECB weighed on the common currency. The common currency recovered some lost ground earlier today...

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Simon Alagbe


Morning Insights 22nd July

Instrument: AUDUSDThe pair has gained some positive traction in the recent session rebounding because of improvement in the global risk sentiment lending some form of support to the riskier Aussie.&nb...

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Simon Alagbe


Morning Insights 8th July

Instrument: EURUSDThe Greenback continued its recent dominance against the common currency in Yesterday's session. Economic data releases from the United States has pointed to a strong economic recove...

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Simon Alagbe


Morning Insights 7th July

Instrument: EURGBPThe formation of a pin bar on the pair in the session yesterday could suggest either the exhaustion of the bearish trend or offer some temporal relief for the bulls.Technicals: ...

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Simon Alagbe


Morning Insights 2nd July

Instrument: USDJPY The data released by the Department of Labor showed that the number of individuals who filed for unemployment insurance for the first time fell more than expected, lending furt...

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Simon Alagbe


Morning Insights 1st July

Instrument: USDCADThe pair closed as a doji yesterday signalling indecision. The release of better than expected GDP data from Canada favours the Loonie but it surrendered the gains to the strength of...

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Simon Alagbe


Morning Insights 30th June

Instrument: DAX (DE30) The index opened lower this morning as fears over rising inflation and the emergence of a new variant of the novel coronavirus hit sensitive sectors of the economy. This de...

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Simon Alagbe


Morning Insights 29th June

Instrument: USDCADThe pair gained traction in yesterday's session as retreating oil prices weighed on commodity supported Loonie. I expect the move to be sustained in today's session as Oil continues ...

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Simon Alagbe

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