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Tag: Technical Analysis

Cotton Recent Fall Presents an Interesting Buying Opportunity

Cotton is an important agricultural crop used for the apparel industry. Cotton-made products are known for their quality, beauty, and their durability but lightweight. As the world’s population has increased, so has the need for cotton. This is because every day, cotton-made clothes are worn by more than 6 billion people. Cotton’s producing industry is […]

Gold Continues to Decline as the Dollar Strength Continues

The use of gold can be traced to the earliest manuscripts ever found. Its use as a prestige commodity and form of exchange is found in all these historic books. In the early 1900s, the world came to what was known the gold standard. During this time, gold was the only recognized means of exchanges. […]

South African Rand Collapse Continues as Hopes on New President Fade

The year started well for the South African rand as traders placed their hopes with the new administration. As the year ended, the regime of the corrupt leader, Jacob Zuma ended and he was replaced by his deputy, Cyril Ramaphosa. Ramaphosa was a favourite for investors. As an accomplished businessman, they believed that he would […]

Weekend Review: The Turkish Crisis Explained

On Friday. World markets were down after Turkey roiled the markets. In the United States, the Dow, S&P, and Nasdaq fell by 0.78%, 0.70%, and 0.65% respectively while in Europe, the Stoxx, DAX, FTSE, and CAC lost 2.05%, 2%, 0.97%, and 1.60% respectively. Today, futures point to a lower open by the major markets in […]

Week Ahead: Turkey, Trade, and Economic Data

This week, the focus among investors will remain in Turkey. On Friday, the crisis in Turkey led the global markets to have a major decline, with the Dow and the DAX having double digit losses. The crisis started after the US administration announced new sanctions on two Turkish ministers. As the crisis unfolded, Donald Trump […]

Weekly Review: Complacency Returns to Markets Even With the Trade Talk

This week, with little economic data coming through, the biggest news was on trade. Trade has continued to dominate the financial markets as the two biggest economies flex their muscles. On Wednesday, the Chinese government announced fresh tariffs on US imports such as cars and crude oil. The total tariffs announced were worth more than […]

Japan Q2 GDP Grow Faster Than Expected as UK GDP Meets Expectations

Earlier today, the Japanese statistics office released the preliminary numbers for the second quarter GDP. The numbers showed that the economy rose by an annualized rate of 1.9% in the second quarter. This was higher than the expected 1.4% annualized rate and the Q1 contraction of 0.9%. The growth in the GDP in the quarter […]

What Next After the Recent GBP/USD Sell-Off?

In June 2014, the GBP/USD pair reached a high of 1.7185. After that, the pair started moving down, with the descend accelerating in June 2016 after the Brexit vote. Yesterday, the pair continued to move lower, reaching a low of 1.2840, the lowest level since August last year. The current descent is because of the […]

Kiwi Slumps After a Dovish Statement By Reserve Bank of New Zealand

The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]

Elliott waves crypto analysis – We’re short below 0.4725

XRP – Wave Analysis Instead of a rebound from 0.4725, Ripple has been rallying to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 0.4725, we expect a possible momentum to the lowerside and should not go beyond 0.0790. If you’re […]