Fundamental view: British pound traders have had a wild week initially but later in the week showed a bullish trend against greenback. Meanwhile Brexit is in its final hours of negotiation. Negotiation between the United Kingdom and the European Union is still going as arguing about fish is still on. United Kingdom is locking down its [...]
Yellow metal stays positive for the second consecutive day amid US dollar weakness and broad risk-on mood.US President Donald Trump’s obstruction to the bills relating to defense and covid stimulus weigh on the US dollar. Also weighing on the greenback, while favoring the broad risks and commodities, is US Democratic Party’s readiness to inflation the [...]
Japan will ban the entry of non-Japanese people from the United Kingdom from Thursday following the emergence of a highly infectious new coronavirus strain, top government spokesman said on Wednesday. Countries across the globe shut their borders to Britain on Monday due to fears about the new strain. "The government will take border control steps [...]
Fibonacci Introduction Leonardo Pisano Bogollo discovered the Fibonacci sequence during the 13th century in Italy. He was nicknamed “Fibonacci” which roughly means “Son of Bonacci”, Bonacci being his fathers family name. The use of Fibonacci levels in trading is based on the principle that the ratios of the Fibonacci Sequence tend to coincide with key [...]
