0.0 00 Looking at the widely traded commodity linked currency exchange rate, the AUD/NZD, the Australian dollar inched up to 1.8020 before falling back to 1.0773 during the Asian trade session on Wednesday. Forex traders were …
Read More »British Pound Trades near a 34 Month High Price Point
0.0 00 The British pound is trading at a 34 month high price point against the U.S. dollar. The benchmark GBP/USD currency exchange rate is near its highest price point since April 2018 as price action …
Read More »Euro Currency Breaks above the 50 Day SMA
0.0 00 Looking at the world’s most liquid currency exchange rate, the EUR/USD, the euro currency is above the fifty day (50) simple moving average (SMA). There are also bullish signals on the above daily MT …
Read More »WTI Crude Oil Surges Higher on Positive Covid News
0.0 00 Looking at the front month U.S. West Texas Intermediate (WTI) crude oil futures contract has soared higher and above $62 per barrel overnight. The U.S. oil futures contract surged $3.00 yesterday as prices rallied from …
Read More »Dollar Challenges the 200 Day SMA
0.0 00 Looking at the benchmark USD/JPY Forex market, the dollar hit a five month high at 106.23 on Wednesday. The greenback was supported by better than expected monthly US retail sales data as well as …
Read More »Australian Dollar Looks to Extend its Recovery
0.0 00 The commodity and sentiment linked Australian dollar looks ready to continue its three week long recovery against the U.S. dollar. The AUD/USD currency exchange rate is trading above its key daily simple moving averages. …
Read More »British Pound Retreats from a 34 Month High Price Level
0.0 00 Looking at the benchmark GBP/USD currency exchange rate, the British pound is retreating from a 34 month high price point. This Forex market during the Asian trade session has dipped below 1.3970. With that …
Read More »Spot Gold Looks Bearish near a 12 week Low
0.0 00 The widely traded spot gold futures contract (XAU/USD) is now at a very key point while trading near a 12 week old price point at $1,766.56 per ounce. The yellow metal is on the …
Read More »Euro Currency Breaks below 1.2040 on FOMC Minutes
0.0 00 Looking at the world’s most liquid currency exchange rate, the EUR/USD, the euro currency moved sharply lower overnight after a very dovish Federal Open Market Committee (FOMC) monthly monetary policy meeting account. This sent …
Read More »WTI Crude Oil gets a Boost from US Inventory Data
0.0 00 he benchmark U.S. West Texas Intermediate (WTI) crude oil futures contract has pushed above $61.70 per barrel and trading near $61.80, which is a new monthly high. The U.S oil contract has not traded …
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