Gold and Silver Tick Higher as Trade Tensions Loom

Safe haven assets Gold and Silver have surged higher in early Monday trading. The rally comes on the heels of Sunday’s news that China added extra tariffs of up to 25% on 128 U.S. products including frozen pork, wine and certain fruits and nuts. The move from Beijing was made in response to U.S. tariffs … Read more

Bitcoin Battered Below 7K, Cut in Half for 2018

Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to fresh lows below $7,000 in early trading on Friday, reaching its lowest levels since early February. Bitcoin has now lost approximately 50% of its value in 2018. The move comes after the price of Bitcoin rallied 1,400% in 2017. Regulatory uncertainty has pressured cryptocurrencies in 2018. … Read more

Shooting Star Pattern Forms in GBP/AUD

A shooting star Japanese Candlestick pattern (bearish reversal) has formed on the GBP/AUD daily chart. The pattern appeared in the context of a strong uptrend dating back to September of 2017. From the close of yesterday’s candle, price has already dipped about 65 pips at the time of this writing. A confluence of bearish signals formed as … Read more

Australian Dollar Falls to Fresh 2018 Lows Amid Renewed China Trade Fears

AUD/USD Monthly Chart The Australian dollar fell sharply across the board as trade war fears flared up again on Tuesday. Reports that President Trump is considering a crack down on Chinese companies investing in the US sent stocks tumbling. The move would put into action an emergency law to restrict Chinese investment in ‘sensitive’ emerging … Read more

GBP/USD Heavy as EUR/GBP Cross Spikes Higher

After reaching its highest levels since February 2nd, cable abruptly sold off in early trading on Tuesday. Looking at the GBP/USD daily chart above we can see that price has formed a bearish engulfing pattern. Lacking any fundamental driver, analysts point to a sharp rally in the EUR/GBP cross.  Additionally, diminishing fears of a trade … Read more