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


Morning Insights 25th June

Instrument: EURUSDThe pair edged marginally higher in yesterday's session buoyed by positive German ifo Business Climate while there was a noticeable increase in the number of individuals filing for u...

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Simon Alagbe


Morning Insights 24th June

Instrument: EURUSDThe pair edged lower in yesterday's session sequel to the slight gains in the dollar index which tracks the relative strength of the greenback to a basket of six major currencies. Th...

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Simon Alagbe


Morning Insights 23rd June

Instrument: EURUSDThe pair surged higher after the testimony of the Federal Reserve Chair, Jerome Powell yesterday before the House Select Subcommittee on the Coronavirus Crisis. Mr Powell indicated t...

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Simon Alagbe


Morning Insights 15th June

Instrument: EURUSDTechnical AnalysisBullish Preference: Buy position is envisaged if price trades above 1.21538 with take profit at 1.21687.Bearish Preference: Sell position is envisaged if price trad...

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Simon Alagbe

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