0.0 00 Looking at the U.S. WTI crude oil futures contract, price action is trading at $71.70 per barrel heading into Wednesday. On Tuesday, this futures contract hit a one week high price point before falling …
Read More »Dollar continues to Trade Lower against the Loonie
0.0 00 The almighty U.S. dollar is on the back foot against the Canadian currency. The benchmark USD/CAD currency exchange rate is trading around 1.2450 as we begin Tuesday’s trading. Also of note, the U.S. dollar …
Read More »British Pound Consolidates around the 100 Day SMA
0.0 00 The British pound is consolidating round the one hundred (100) day simple moving average and 152.50-55 yen during the morning Asian trade session. The GBP/JPY currency exchange rate is looking for a reason to …
Read More »Spot Gold Remains below the 200 Day SMA
0.0 00 Overall, the popular spot gold futures contract for front month delivery looks bearish while below the two hundred (200) day simple moving average. After four weekly losses, the yellow metal is consolidating near the …
Read More »Euro Currency is Retracing Gains from 1.1975
0.0 00 The euro currency is looking to complete retracing its gains lower against the U.S. dollar. The EUR/USD Forex market looks ready to challenge the downside support level and one hundred percent Fibonacci level at …
Read More »Euro Currency picks up a Bid against the US Dollar
0.0 00 The euro currency is picking up a bid against the U.S. dollar as we head into Friday’s trade session. The benchmark EUR/USD currency trade rate is trading above 1.1780 as prices consolidate below the …
Read More »Dollar continues to Retreat from the 50 Hour SMA
0.0 00 The almighty U.S. dollar continues to fall lower from the fifty (50) hour simple moving average. The benchmark USD/CAD currency exchange rate is trading around 1.2560 as we head into the last trading day …
Read More »Euro Currency remains above the Falling Wedge
0.0 00 The euro currency has broken above the falling wedge channel formation against the British pound. The headline EUR/GBP currency exchange rate is consolidating gains around 0.86 ahead of the European Central Bank monetary policy …
Read More »Australian Dollar Recovers back above 0.73
0.0 00 The Australian dollar has fallen lower against the U.S. dollar. The benchmark AUD/USD currency exchange rate fell to a yearly low of 0.7288 overnight and has recovered some losses to back above 0.73. Worse …
Read More »Spot Gold Struggles for Direction around $1,800
0.0 00 Looking at the widely traded spot gold futures contract, the yellow metal is struggling for direction around $1,800 per ounce. Gold is also moving lower from $1,810 per ounce. This key spot gold …
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