The dollar became weaker and slid to a 2-1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets. Bets on a successful roll-out of vaccines and China’s economic rebound are driving bets for global growth [...]
Euro has gained strength against dollar in a single-day percentage gain in nearly nine months. The Euro's rise is remarkable, given it is happening just days before the European Central Bank's Dec. 10 meeting, where policymakers are expected to announce additional monetary easing measures. The bearish sentiment around the dollar looks to be powering gains [...]
The Aussie is favored following the release of upbeat China data. The escalating tensions between China and Australia look to be capping gains. The data was released at 01:45 GMT showed China's Caixin Manufacturing PMI, which surveys the small and medium-sized export-oriented units, rose to 54.9 in November versus expectations for 53.5 following October's 53.6. [...]
The head and shoulder chart pattern is mostly seen in uptrend’s and is based on a reversal pattern, we will learn how to trade this pattern by learning to recognize this pattern when it starts to form and then trading it. This strategy is opposite of inverse head and shoulder trading strategy. What is the [...]
