Forex markets are particularly prone to cyclical patterns. The ancient Greeks claimed that the circle revealed wholeness because everything was cyclical. Financial markets are also cyclical because they simply reflect changes in the way people evaluate things. Therefore, we can use what we know about circles and phases to better predict market cycles. So, if [...]
Gold is trading low on Friday morning due to strengthening dollar and rising U.S. yields. As an uptick in the dollar and U.S. Treasury yields pressured bullion, while investors are awaiting crucial U.S. inflation data later in the day. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits has [...]
Aussie seems to struggle against the dollar during early Thursday. Recovery in the US dollar and the coronavirus (COVID-19)-led lockdown in Victoria weighs down the Aussie pair. The US dollar index (DXY) extends its recovery moves from early January lows, up 0.13% intraday, while following the firmer Treasury yields. The recent increase in the covid [...]
This article deals with Black Wednesday in politics and economics. George Soros became one of the most famous currency traders in the world, his timely and brave bet against the Bank of England in 1992 on what became known as Black Wednesday. With costs of around £3.3 billion, Britain's central bank was unable to defend itself from an [...]
