The concept of the market crowd has long been known by traders. For many, it is a symbol of inefficient and erroneous trading decisions. And if you have ever found yourself thinking that you are part of a crowd, it is time to leave this abstract society. Trading from home makes one feel independent from [...]
Yellow metal moved lower on Tuesday following the long US holiday weekend. Gold prices were same on Monday with low volume. US yields shot higher on Tuesday rising 7-basis points and hitting the highest levels seen since February 2020. The uptrend momentum in US yields is adding support on the US dollar and weighing on [...]
UK’s ability to reach its covid vaccine benchmark of 15 million has favored the pound for last 3 days. The Tory-government's action also helped in gaining good covid results, which in return led to renewed chatters over easing virus-led activity restrictions. The broad US dollar weakness amid hopes of the US coronavirus (COVID-19) stimulus package [...]
Japan's equity markets continue to rise on signs of economic recovery and expectations for US fiscal stimulus. The benchmark equity index Nikkei 225 rose to 30,000 early Monday to hit the highest level since 1190. The index has gained 8% so far this year, having rallied by 16% in 2020. Global stock markets have rallied [...]
