Forex

Biden’s wealth tax and renewable energy plan moving markets

Two major announcements coming from the Biden administration have had a significant effect on Thursday trading. The first announcement, centered on the US’s renewed focus on clean energy, had a hard time countering the second announcement, regarding a hike in...

Canadian Dollar strengthens against partners after statements from Central Bank

On Wednesday, 22/04, the Canadian Central Bank advised that it was to lower the value of its weekly bond purchases. The move, necessary due to the Canadian economy making strides toward its recovery, will be implemented next week. The Canadian...

USD index range possibly narrowing in near term

The USD index is currently ranging in between 90.0 and 93.0 and has been for the past six months. Moving forward, the adequate economic data coming from the US should help the weak Dollar regain some of its status, but...

Is the Aussie priced correctly? RBA decision expected this week

Australia's Interest rate Decision-day is this Thursday, 6 April. What will the RBA do with the rate, you ask?...

Have stimulus checks hampered March job creation?

Goodbye For Now! Recap of 2020

After 200 articles, it is time for me to hang the coat up and say goodbye. This will be my last article for BlackBull Markets, and I am glad to have had the opportunity to provide content for clients at...

Rare Elliott Wave Formation on AUDJPY

We have been seeing a pretty normal Elliott Wave count on the AUDJPY until this morning. After a complex Wave iv consisting of a Double Zig Zag sitting just above a 38.2% retracement of Wave ii, we started to see...

Trade Ideas

AUDNZD - H4 Timeframe. Rejected the double top we were looking at yesterday after a break of a flat top triangle on a lower time frame. If we can stay below 1.08270, look for moves to 1.05700!...

This week ahead: Interest Rate Decisions, GDP

We've seen risk-on in currency markets recently, with many pairs against the U.S Dollar rallying on confidence that the economy will fare better in 2021. GBP/USD. Broke 1.40, while NZD/USD and AUD/USD both broke 0.78 and 0.73, respectively. Oil has...
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