Is gold “mining” for its bottom?
Gold has lost almost 9% of its original value since the beginning of the year, and its price is under pressure despite the still uncertain situation regarding the pace of vaccination, continuing monetary and fiscal stimulus, and rising inflation expectations. The correction . . .
Read more
Positions of large speculators according to the COT report as at 26/2/2021
The overall net positions on the USD index have been negative for 16 weeks in a row. According to the COT index, the positions of large speculators are at extreme values, which indicate that the dollar is oversold. Rising yields on US bonds are currently supporting the . . .
Read more
New applications for unemployment benefits in the USA fell to its lowest levels in 3 months
The latest macroeconomic data released this afternoon confirmed the recovering US economy. New applications for unemployment benefits fell to the lowest levels in the last 3 months. Even so, stock markets in the United States are now stagnating as government bond yields . . .
Read more
Powell backed another weakening on the dollar
At the beginning of the week, the US dollar is currently deciding whether to side with the fundamentals, declining stock markets, or the comments of the FED governor, Jerome Powel. He reassured markets yesterday that higher rates were not on the agenda and delayed the . . .
Read more
Will the sale on technology stocks continue?
Technology stocks followed in the same underperforming tempo as last week and entered the new week with a sell-off, which is accelerating the second session this week. The reason is again higher yields on US government bonds and the flow of capital into value stocks, where . . .
Read more
Positions of large speculators according to the COT report as at 19/2/2021
The total net positions of speculators in the USD index fell by 400 contracts last week. This change is the result of a decrease in net long positions by 100 contracts and an increase in short positions by 300 contracts. The total net positions of speculators in the USD . . .
Read more
How to reduce expenses in Forex trading
If you visit any page of a Forex broker in our country and in the world, in a few moments you will find out information about his spread, commissions, or swaps. It is important to know these 3 data because the overall profit of the trader is derived from them. However . . .
Read more
The harsh winter in the US pumps up oil prices above $ 60
Oil production in the United States has been under very strong pressure in recent weeks, giving the price extra confidence for continuous growth. Production in some parts of Texas has fallen by as much as 70%.
Read more
Will the pound maintain a growth trend?
The pound is now the strongest against the US dollar since April 2018 and it seems that there is nothing that could stop it. Technically, it has overcome all-important resistances and is fundamentally driven by rapid vaccination and the prospect of a rapid economic recovery.
Read more
Positions of large speculators according to the COT report as at 12/2/2021
The total net positions in the USD index have been negative for fourteen weeks in a row. The US dollar weakened at the end of last week. According to the COT index, the positions of large speculators are at extreme values, however, from the point of view of price action . . .
Read more
Cookie Policy: The Purple Trading website uses cookies and by continuing using the website you consent to this. Risk Warning: Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Please read the full .