0.0 00 The euro currency has moved lower since the Federal Reserve Board monthly policy meeting minutes showed a hawkish Federal Open Market Committee (FOMC). The EUR/USD currency exchange rate is trading around 1.2175 during the …
Read More »British Pound Gains a Bid after solid Labor Data
0.0 00 Overnight the British pound soared higher against the U.S. dollar. The GBP/USD currency exchange rate hit its highest price level since 24 February after good labor market data out of the United Kingdom. The …
Read More »Dollar Challenges Top of the Falling Price Channel
0.0 00 The U.S. dollar continues to recover in the USD/CAD currency exchange rate. Price action is moving above the May 2015 low price point but remains within the three day old descending price channel, as …
Read More »Euro Currency forms a Doji Candlestick around 1.2150
0.0 00 Looking at the benchmark EUR/USD currency exchange rate, the euro currency is running out of steam while trading around 1.2150 during the early Asian trade session on Wednesday. A Doji candlestick has appeared on …
Read More »Spot Silver Trades around $28.25 per Ounce
0.0 00 Looking at the spot silver futures contract, the white metal is trading slightly higher during the Asian trade session at $28.24/5 per ounce. This is near a three month high price point. There is …
Read More »Dollar Remains Under Pressure from weak NFP
0.0 00 The U.S. dollar is still reeling from the weaker than expected April non-farm payroll report and surge in monthly headline and core consumer prices. Monthly factory gate prices in the United States also rose. …
Read More »Australian Dollar Consolidates below 0.80
0.0 00 Even though the commodity sensitive Australian dollar, last week, got a small boost from higher U.S. inflation data, the benchmark AUD/USD Forex market remains well below the key psychological upside barrier at 0.80. The …
Read More »Euro Currency finds Support at the 21 Day SMA
0.0 00 The euro currency is finding support at the short term 21 day simple moving average as the EUR/USD currency exchange rate has recovered from the support congestion zone in play at 1.2060 to 1.2055. …
Read More »Spot Gold Pulls back from the 200 Day SMA
0.0 00 For the most part, the widely traded spot gold futures contract looks positive as the U.S. dollar has weakened. However, gold prices have pulled back from the two hundred (200) day simple moving average. …
Read More »British Pound continues Lower now below 1.4060
0.0 00 The British pound is moving lower against a broadly stronger U.S. dollar. The benchmark GBP/USD currency exchange rate has fallen below 1.4060 during the Asian trade session on Thursday after seeing its largest daily …
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