Trading Opportunities

A currency pair for the recovery

What currency pair is poised to bounce back in the recovery? Since the start of the Coronavirus, the Australian Dollar has depreciated sharply against the US Dollar. However, history has shown to repeat itself in regards to economic shocks and...

America’s Coronavirus response vs the rest: How are they stacking up?

30.3 Million – The number of jobless claims made in the United States since the start of the Coronavirus Pandemic. It’s an astounding number, primarily when charted on a graph that shows weekly jobless reports since 1967....

Federal reserve keeps printer steady as rates remain unchanged

The Federal Reserve kept their interest rate target unchanged at their latest conference on Wednesday. As the death toll rises by 2% in the United States to 1.06m, Chairman Jerome Powell states the Federal Reserve remains steadfast in assuring that...

Oil futures lower on concerns over capacity and negative prices

It has been a bloody couple of weeks for the oil markets. A price war between Saudi and Russia, a depression in demand due to the coronavirus and a slow reaction from oil producers in cutting supply, has crushed the...

Could Gold Hit $1,800?

Gold is back on the upside, trading at $1,710/oz after a 3 day losing streak as the US Dollar weakens. After hitting a peak at $1,731, gold lost some of its momentum, but is now looking to repeat its pattern...

Aussie and Kiwi Dollars On the Comeback as They Stamp Out COVID-19

The Australian Dollar has seen a resurgence in recent days, following its massive drop mid March. At its lowest, the Aussie had traded at 0.5749 against the USD, but has steadily been climbing back up, and is now at 0.6482...

Pound Shrugs Off Consumer Confidence Data

UK Consumer Confidence was unchanged at its 12 year low, according to a survey by polling firm GfK. After last month’s figure of -34, the lowest it had been since February 2009, the number was unchanged for the first two...

Wall Street Stays Flat

US stocks have not seen any major changes this week, staying uncharacteristically calm despite headlines such as the oil price crash. The Dow Jones gained 457 points on its Wednesday session, a jump of 2%. It is now trading at...

Gold Challenged by US Dollar Strength

After reaching close to $1,740 just a week ago, gold has now fallen and is hovering at the $1,680 support level. For the Asian session, gold remained largely unchanged, as it moved only 1% to the downside....
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