Summing up 2020: Major events of the past year

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Congratulations, we’ve made it through 2020! This eventful year is almost over. Let’s take a moment to look back and recall its key events.

It’s difficult to even start to comprehend how much this expiring year has changed our lives. We are all wearing masks and washing our hands several times a day now. If someone told us back in 2019, that we wouldn’t be able to travel or even leave our house, we would laugh in their face. But we did face the lockdown and spent several months self-distancing, in isolation.

But apart from the much-hyped coronavirus, what other key events are worth considering? We believe that there were more…

The greenback still bearish, will the trend continue?

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The USD saw some gains during this week as sentiment worsened, but the rally was only mild, and it looks like traders are immediately selling it.

The US Congress has finally approved the new fiscal stimulus, although the amount of 900 billion USD seems fairly low. US President Donald Trump has already said he wants more money for US families, so there could still be some complications.

The Federal Reserve (Fed) seems to be aware of this, pumping an astonishing 120 billion USD into the financial system last week.

During the height of its monetary policy response to the Great Financial Crisis of 2008, the Fed was printing 80 billion more…

Will Gold and Precious Metals Continue their Bull Run?

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Gold, silver and copper have been soaring since March lows, and they posted new cycle highs in August. They’ve seen consolidated, and metals have been trading in shor-term bearish trends and consolidative formations.

Today the fundamental situation remains bullish for precious metals. Why? Major central banks are about to introduce more easing, with the Reserve Bank of Australia (RBA) and the Bank of England (BoE) having announce more Quantitative Easing (QE) in November, while the European Central Bank (ECB) is expected to increase its bond-buying program at the December meeting.

The Federal Reserve (Fed) is also expected to act following Fed Chair Jerome Powell urging congress to provide more more…

Trading the US Election Through the Eyes of an Expert Trader

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Every active trader looks for a rise in market volatility for potential opportunities.

That’s why the 2020 US election is one of the most anticipated trading events of the year.  And with less than a week to go, pro traders are preparing in different ways. Technical traders are watching price charts to predict potential market movements, fundamental traders are tracking data points to determine the strength of a particular currency. Whichever way you choose to trade the election, it’s a time for all traders to size up their strategies and risk management tools to make sure they are best positioned to benefit more…

The World’s Bigges Pair Has Been Stagnant, When Will the EURUSD Become More Volatile?

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Traders have probably noticed that as of late, that the once highly volative and active EURUSD has seen very low volatility and narrow trading ranges. On Wednesday, the pair was up by 0.1% for the day, during the US session, marking a daily move of 10 pips. While it is still the most globally traded pair, this volatility is not enough for traders to base their strategies on.

The truth is, between July and October the pair has barely moved. Its July highs were at 1.20 and lows at 1.16. In simpler terms, its range is at 400 pips over the period of three months, and on most days more…