Trading Opportunities

AUD/USD At Decade Low

Following a brief recovery from its dip at the end of last month as fears concerning the coronavirus alleviated somewhat, the Australian dollar has since reached a decade low in the wake of the NFP release on Friday....

ADP Release Leads to EUR/USD Hitting 4-Month Low

As we come to the end of the week and approach the biggest trading day of the month, aka the Non-farm payroll (NFP) release in less than 24 hours, investors seem to be pricing in a stronger US dollar ahead...

Gold’s Short Term Rise Reversed as NFP Approaches

What a plunge for gold! Following a monumental rise for the yellow metal at the start of January, it since plateaued around 1570, but still appeared to be an attractive investment. However, after a month-high peak of 1589.45, it has...

NZD Consolidates After Hitting 2-Month Low

The New Zealand dollar has been on a steady decline since January, following the trend of other currencies against the USD as the spread of the coronavirus continues to impact the global markets....

GBP/JPY Volatile Post Brexit

The start of last week saw the GBP pulling back in the market as concerns over the coronavirus spread. However, by the end of the week with the reveal of the Bank of England deciding to keep its interest rate,...

GBP Spikes Following Bank of England’s Decision

The Bank of England decided today to hold UK interest rates at 0.75%, following a meeting made by the Bank’s Monetary Policy Committee (MPC). Investors were scrambling to sell off the GBP before the decision was made, causing it to...

Crude Oil’s Dramatic Plunge

WTI crude oil was down 30 cents for the day, dropping down to $53.03 per barrel. It is down 1% for the day, and almost 14% for the month of January. This is a stark change from just the beginning...

A Short-Lived Rise in the Australian Dollar

The Australian dollar moved up slightly at the start of the day, holding itself above the mid-0.6700s. This was influenced by the expectation of the Reserve Bank of Australia (RBA) pricing in another rate...

The Effect of Coronavirus on Gold

Gold prices reversed early losses on Thursday, impacted by the growth of the coronavirus in Wuhan, China. Gold prices hit a two-week high of $1564.6 USD/oz, as investors seek a safe-haven asset, fearing that the disease may spread further and...
Join Now