Instrument: EURUSDThe pair is hovering around a level not seen since October 2020, after the buck gained traction because of the mounting expectations that the Federal Reserve will taper stimulus from...
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Simon Alagbe
Instrument: GOLDsThe yellow metal ended the week bearish but recovered some lost ground on Friday as investors fret about the debt situation of the Chinese Evergrande Group and its effect on the globa...
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Simon Alagbe
Instrument: USDCADThe pair closed lower in the session yesterday buoyed by the gains recorded in prices of crude oil (Canada Major export product). The decline in the U.S. Treasury yield and weaker th...
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Simon Alagbe
Federal Open Market Committee (FOMC) is not expected to announce any major policy change at the end of their two days meeting later today but the Fed could send some signals which could jitter the mar...
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Simon Alagbe
Instrument: EURCHFThe pair broke got rejected around the 1.09314 resistance zone before breaking through two previous support zones around the 1.09052 and the 1.08708 levels and is expected to surge s...
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Simon Alagbe
Instrument: EURUSDThe fibre continues to lose ground against the greenback as a series of positive economic data released from the United States dominated sentiment. The principal focus of participant...
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Simon Alagbe
Instrument: GOLDsThe CPI data released on Wednesday has dominated sentiment and has weighed heavily on the precious metal. The instrument has provided mixed signals in the last few days with every bul...
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Simon Alagbe
Instrument: NZDUSDThe greenback traded higher against the Kiwi in the session yesterday after the latest Consumer Price Index data raised doubts that tapering of assets will begin in 2021. The Federal...
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Simon Alagbe
Instrument: AUDUSDThe pair closed bullish yesterday despite a late rally of the Greenback against the Aussie on a day with limited economic data releases. The Greenback is pressured this morning as tr...
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Simon Alagbe
Instrument: OILSThe influence of Hurricane Ida led to a gap up on the commodity after the revelation that the hurricane had a larger impact on oil production much more than on refinery demand. The hur...
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Simon Alagbe
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Kobi
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Adefuwa Ayodele