• Oil Rally Continues, How High Will It Go?

    As of Wednesday, West Texas Intermediate (WTI) crude oil has been seeing gains for eight consecutive days, and at the time of writing is trading near 58.60 USD. Oil gained 135% in February alone, making it one of the best-performing commodities.  Last April, WTI dropped below zero with the subsequent front-month contract trading at around...

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  • 10 Gifts 2020 Gave Traders

    When we look back on 2020, we’ll probably remember COVID-19, the sudden virus outbreak that tanked markets and crashed economies. The future looked painfully uncertain, and it dramatically affected almost every aspect of our normal everyday life.  Despite the dark clouds and many weathered storms, 2020 had its share of silver linings too. For millions...

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  • Silver Can’t Hold Gains While Gold is Still Bearish

    Monday’s euphoria in the financial market seems to be over as silver is down 5% on Tuesday, while gold was trading 0.5% weaker during the London session. Precious metals usually drop when banks start selling paper, silver, and gold futures – this is what we witnessed today. With demand for physical silver going through the...

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  • 2021, a Fresh Start for the Markets or More of the Same?

    It’s been a roller coaster ride of a year for the financial markets, with crashes, losses, and unprecedented volatility.  West Texas Intermediate (WTI) crude oil prices went negative at one point and still trail below 50 USD. The USD took a big hit, along with the GBP and EUR. The Forex market remained uncertain for most...

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  • IX Social App makes Trading Accessible to Everyone

    Internet adoption has more than doubled globally since 2010, however, the majority of countries with lower rates of internet access are in Africa, according to the World Economic Forum. In Ghana specifically, DataReportal’s figures in January 2020 claim that while internet penetration sat at 48% of the population, mobile connections in the country stood equivalent to 130% of...

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  • 10-year US Yields are Breaking from the Triangle Pattern

    It looks like the recent rally in the US yields might be over, which could imply further weakness for the USD and more gains for US stocks. The 10-year yield seems to be breaking down from the recent triangle pattern. The support of the formation is currently near 1.075%, and if this level is taken...

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  • The USD Rallies and Treasury Yields Rise Following Stimulus Promises

    Since last Thursday, the USD has been rallying, and the EURUSD pair dropped from 1.2350 to 1.2150 on Monday. It looks like a stronger correction could be on the way. Newly elected US president Joe Biden has promised trillions in new stimulus, starting with boosting the checks from 600 USD to 2,000 USD. As inflation...

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  • Precious Metals Rally into the New Year

    The new year started in a bullish mood, and precious metals surged on Monday as it looks like bullish fundamentals are finally starting to matter again. Gold rose 2%, and silver jumped 4% at the time of writing. Still, it seems like gold has finally managed to cancel the medium-term downtrend as the bullion jumped...

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  • 2020 A Year to Remember, A Year to Forget: The Monumental Events We Should Learn From

    2020 was a rough year for everyone.  Forest fires, economic decline, diplomatic tensions, the infamous Covid-19 pandemic, global lockdowns, and a lot of suffering, despair, and lives lost. It’s not a stretch to call 2020 one of the worst years in our lifetime.  Still, this year had some redeeming features. Sure it was bad, but it...

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  • Precious Metals Still Struggling, But are New Highs on the Horizon?

    It looks like precious metals, such as gold and silver, have bottomed out in late November, and a new bull market is ready to begin.  Firstly, the more volatile metal, silver, has already broken above the pre-vaccine highs of 26 USD. That might be a confirmation of a new uptrend. Additionally, the metal managed to jump...

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