Recent content by KeyToMarketsUK

KTM FX Weekly: UK-Germany spread at pre-COVID levels In terms of cyclical and structural factors, UK is leading the EZ, which eventually leads to higher UK 10year gilts than Europe. Since last year’s lows’ UK 10year yields rallies from 0.105% to 0.825% pre-Covid levels. Besides UK vaccination...

KTM FX Weekly: History always repeats itself History always repeats itself Vaccine divergence support the pound 1Q closing is the key for the medium term for the EURGBP History always repeats itself: The pound has been outperforming against the EUR since the beginning of the year 2021. And...

KTM Commodity Weekly: Brent continues to eye a key medium-term resistance level Brent crude oil jumped 3% on Monday morning in response to the OPEC+ extend its output cuts to the end of July. The 11th OPEC and non-OPEC Ministerial Meeting held via videoconference on Saturday, 06 June 2020. The...

KTM Commodity Weekly: Shakedown and Break down. What’s next? Price ran through the target we set Expect a bounce-back Brent crude Oil rebound from last week’s sell-off: It was another wild swing for the Oil market, with Brent Oil down $19.40 in Asia session on April 22 and bounce back to...

KTM FX Weekly: Finally, Goliath meet David Something must stop the fall and support the price. The level which holds the price should be remembered in the next coming weeks. We have been waiting for a bullish pattern to be developed on the daily chart, or some moving average should hold on...

KTM Commodity Weekly: Scanning bottom side of the fall The oil market sentiment took a hit by a fast-spreading coronavirus, as it might lead to a slowdown in the global economic engine led by China’s economic slowdown. China is the world’s biggest oil importer, nearly 20.0% of total crude oil...

KTM Commodity Weekly: Why we still believe that the oil price is in the final wave of correction? The market sentiment took a hit by a fast-spreading coronavirus, as it might lead to a slowdown in the global economic engine. The Brent oil price logged sixth-day straight fall (fourth-week...

KTM Commodity Weekly: Hits 5-weeks low, in final wave of correction The Brent crude oil has remained under selling pressure at the start of this week resulting in Brent falling back to 200MA. The oil price is now testing the key support level provided by the previous break out level at $63.50...

KTM Commodity Weekly: Rejected at the higher end of the range Middle-east tensions spooked the crude oil prices. Brent crude oil breached $70.00 level to post its biggest one-day rise since September 2019. In fact, in the last year there have been five such sessions in which the price closed...

KTM Commodity Weekly: Correction will get accentuated further Brent crude oil formed a bearish candle on the daily charts for the 2nd consecutive day in a row. The below chart pattern suggests that the price is vulnerable to a selloff. In the near-term critical support for the index is...

KTM Commodity Weekly: Traced out a triple top pattern With the lack of any major positive triggers on the US-China trade deal, we continue to maintain a cautious stance on the Crude oil price. The oil market started the week on a negative note on November 18 and capped at 50MA (Weekly). The...

KTM FX Weekly: USDMXN trade idea The value of emerging currency peso appreciated as much as 6.00% to 19.00, its highest level since August 2019 before closing at 19.12. Approaching interesting support here at 19.00-18.75 Focus on a fairy thick congestion area Consider buying if reached support...

KTM Commodity Weekly: Waiting for a clue Oil prices eased on mini-trade deal between the US and China Supply-demand issue takes a back seat, Global growth concerns surfaces Brent crude oil broke its three-week losing streak posted a healthy gain last week. The price bounced up to $60.45 on...

KTM Crypto Daily: Bitcoin has now nearly completed wave C; what’s next? Cryptocurrencies tumble between 15.00%-20.00% overnight. Bitcoin plummeted 15.00% to $7890, closed at the lowest level since June 2019. The descending triangle breakdown suggests more legroom. The digital asset class...

KTM FX Weekly: EURUSD gains short-lived Ifo business climate and US core PCE among top-tier events to keep forex traders busy. Events wise several scheduled speeches from ECB and Fed officials due this week. Behind the past two-week central bank meetings, traders shift the focus back to macro...