When to adjust your stop loss
All you need to know about adjusting your stop loss once in a trade
Month: January 2021
Gold and silver defending key support levels
Following last week’s big sell-off, gold and silver have both managed to cling on to their respective key support levels as investors weigh conflicting macro factors. With the recent rebound in bond yields, the outlook on the metals have become a little uncertain, but I am still of the view that both will rise further …
Has GBP/USD cleared the way to 1.40?
The pound could be among the best-performing currencies in 2021 now that a no-deal Brexit has been avoided. With the UK also being among the first countries to roll out the Covid vaccines, I reckon the economy could rebound sharply once lockdowns end. Forward-looking investors are thus likely to buy the dips in the pound. …
Gold testing KEY support
Will it hold or fold? Gold and silver have dropped sharply today as investors chose to put their money in the racier equity markets instead, owing to speculation that a Democratic sweep in the Senate could usher in further fiscal support for the economy. The dollar rebounded and yields rose, causing non-yielding precious metals to …
GBP/USD likely heading to 1.40s
The GBP/USD is currently stuck between a hard place and a rock, but I think it will rise further over time. Although right now it is facing resistance due to fears over the economic impact of the latest national lockdown, the downside looks to be limited. I think the cable will be provided stronger support …