0.0 00 The popular spot gold futures contract went on a wild ride last week. As U.S. Treasury bond yields rose sharply during the first half of the week, the spot contract broke below the trading …
Read More »Australian Dollar Trades around its Weekly Low
0.0 00 The Australian dollar is trading near its weekly low against the safe haven Japanese yen. The AUD/JPY Forex pair has fallen below 82.42 and is below the 61.8 Fibonacci retracement level. We are seeing …
Read More »British Pound continues to Lose Ground against the Dollar
0.0 00 The British pound is on the back foot against the U.S. dollar. The GBP/USD currency exchange rate is trading near its one year old price point at 1.3320. This benchmark Forex market has fallen …
Read More »Dollar Looks to Extend Gains against the Swiss Franc
0.0 00 The U.S. dollar is looking to extend its gains against the Swiss franc. The greenback has found support from the nomination of Federal Reserve Chair Jerome Powell to a second term and rising Treasury …
Read More »British Pound Trades around 1.34 ahead of PMIs
0.0 00 The British pound is trading around 1.34 after the GBP/USD Forex market has fallen sharply lower. Price action is now below a rising trend line in play since 11 November. Also helping the greenback …
Read More »Gold Runs out of Steam but the RSI Looks Positive
0.0 00 The corrective gain seen with the spot gold future contract seems to be running out of steam. The yellow metal ran into resistance around the 23.6 percent Fibonacci level and inched lower. The U.S. …
Read More »Euro Currency looks Poised to Move Lower Again
0.0 00 The euro currency saw its highest level of daily gains, on Thursday, since November. As we enter Friday’s trade session, the EUR/USD currency exchange rate has dipped back below the one hundred (100) hour …
Read More »Crude Licks its Wounds around $76.70 after Selling Off
0.0 00 The U.S. West Texas Intermediate (WTI) crude oil futures contract is trading around $76.70 to $77.50 per barrel. Overnight, the US contract saw its biggest daily selloff in a week. Price action is challenging …
Read More »Dollar Trades at Highest Price 13 October vs Franc
0.0 00 The U.S. dollar is trading around 0.93 against the Swiss franc. This is after the USD/CHF currency exchange rate has seen gains of two days in a row. The greenback is trading at its …
Read More »British Pound Remains Weak against the Greenback
0.0 00 The British pound remains under pressure against the U.S. dollar. The GBP/USD currency exchange rate is trading around 1.34 to 1.3415 headed into Tuesday. Forex traders are pessimistic about the coronavirus and waiting on …
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