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...

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...

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...

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...

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...

The Euro has been on fire, and the EURUSD pair rose above 1.21 hitting May 2018 highs, mostly because of global USD weakness.  Last week, the European Central Bank (ECB) increased its pandemic bond-buying program by 500 billion EUR, also extending its duration. Traders had been hoping for more, and as the ECB's decision was not...

Later this week, the European Central Bank (ECB) will meet, and it is widely expected to deliver more easing. As the ECB previously said, it is ready to unveil more stimulus. The stimulus has to be really big. The consensus looks for a 500 billion EUR addition to the PEPP Quantitative Easing (QE) program and...

The US dollar has been dropping nonstop since the election in early November, and it has declined to 30-month lows this week, with the dollar index trading at around 91.40. Moreover, the index dropped to new lows from a technical analysis perspective, which confirmed the bearish bias. That has pushed the EURUSD above the important...

It looks like Joe Biden will be the next US president, however it’s almost been a week since the election and the results haven’t been officially announced yet. The media has proclaimed Biden the winner, however, Biden’s opponent Donald Trump is suing many swing states for alleged vote fraud. Indeed, there are many suspicious occurrences such as...

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