0.0 00 The euro currency remains on the back foot against the U.S. dollar. The benchmark EUR/USD currency exchange rate is currently trading around the 23.6 percent Fibonacci level after this Forex market could not maintain …
Read More »Dollar Trades above the 50 day SMA ahead of Labor Data
0.0 00 The almighty dollar is in the driver’s seat against the Canadian currency. The benchmark USD/CAD currency exchange rate is trading around 1.2435 to 1.2445 ahead of monthly labor data out of the United States. …
Read More »Dollar Consolidates against the Yen ahead of the NFP
0.0 00 The U.S. dollar is trading higher against the Japanese yen during the early Asian trade session on Friday. Forex traders are waiting on key U.S. labor data to be released during the North American …
Read More »British Pound Struggles above 1.38 against the USD
0.0 00 The British pound is still trading above 1.38. The GBP/USD currency exchange rate remains in a tight trading range just above the weekly low price point at 1.3835 to 1.3840. Also of note, the …
Read More »Spot Gold looks to Extend Gains despite Oversold RSI
0.0 00 The widely traded spot gold futures contract rebounded a bit on Wednesday. This comes after the U.S. dollar weakened after monthly labor data was released. The private ADP non-farm payroll change for June was …
Read More »Euro Currency Trades below the 200 hour SMA
0.0 00 The euro currency remains under pressure and trading below 0.8595 against the British pound. The benchmark EUR/GBP currency exchange rate failed to cross above a month old resistance line on Tuesday. The euro currency …
Read More »Dollar Trades Higher against the Swiss Franc
0.0 00 The U.S. dollar is trading higher against the safe haven Swiss franc headed into the end of the month. Basically the USD/CHF currency exchange rate is trading in a sideways pattern around 0.9210 as …
Read More »Euro Currency Trades Flat around 1.1920 to 1.1925
0.0 00 The euro currency is trading in a tight band against the U.S. dollar during the early Asian trade session on Tuesday. The headline EUR/USD Forex market is trading around the two hundred (200) hour …
Read More »British Pound Loses Ground against the Japanese Yen
0.0 00 The British pound is on the back foot against the safe haven Japanese yen. The benchmark GBP/JPY currency exchange rate has lost ground for three days in a row. During the early Asian trade …
Read More »British Pound Breaks Lower against the Greenback
0.0 00 The British pound has broken lower and below a daily rising triangle chart formation that was in play since the low price point seen 17 May. The headline GBP/USD currency exchange rate is opening …
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