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Mitrade is a financial broker based in Melbourne, Australia. The trading platform offers close to 100 markets including forex, commodities, indices and cryptocurrencies.  For further information, please visit www.mitrade.com.

Mitrade

September 10, 2020

8-Week Mark, a New Trade Challenge Begins

Even in the COVID world, historical patterns still emerge, and one of the biggest patterns of the past is the ‘8-week mark’ leading up to a US Presidential election. FX, equities and to some extent commodities have been trading on the re-opening global economy (as they should) and have exploded.

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Mitrade

July 2, 2020

Trading Currencies: USD and XAU

Gold (XAU/USD) continues to shift to new yearly highs, at above US$1,800oz there is little sign of it breaking back below the US$1,652oz support level that would have seen a bearish signal, and every chance it will test the resistance band at US$1,830oz.

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