0.0 00 The euro currency looks poised to continue its slump against the U.S. dollar headed into a new trade week. The short term twenty (20) day simple moving average continues to look bearish and the …
Read More »Gold Loses Ground as the Dollar catches a Bid
0.0 00 The widely traded spot gold futures contract snapped four weeks in a row of weekly gains. The yellow metal fell lower during the first have of last week and is currently consolidating losses around …
Read More »Euro Currency Dips against the British Pound
0.0 00 Overnight, the euro currency fell lower after the European Central Bank monthly monetary policy and interest rate announcement. The benchmark EUR/GBP currency exchange rate dipped below a rising trend line as well as the …
Read More »Silver could form a Possible Bearish Cross
0.0 00 Looking at the spot silver futures contract, the one hundred and two hundred (100, 200) day simple moving averages look to be converging. This would be a formation of a bearish cross which could …
Read More »Gold Surges above $1,827 as the Greenback Falls
0.0 00 The widely popular spot gold futures contract surged higher on Friday. The bullion closed the week above $1,827 per ounce after dismal U.S. labor numbers sent the U.S. dollar lower. This futures contract is …
Read More »Euro Currency Surges after US NFP Jobs Report
0.0 00 Euro currency bulls cheered the dismal monthly U.S. non-farm payroll report. The benchmark EUR/USD currency exchange rate held onto solid weekly gains closing the week near 1.19. This Forex market closed near the 30 …
Read More »New Zealand Dollar is Capped by the 200 DMA
0.0 00 Headed into the weekend, the New Zealand dollar is seeing some of its upside momentum fade against the U.S. dollar. The benchmark NZD/USD currency exchange rate is finding good upside technical resistance at the …
Read More »Dollar Trades Flat against the Swiss Franc
0.0 00 The almighty U.S. dollar is flat lining against the Swiss franc as there is some weakness prevailing for the greenback ahead of Friday’s all-watched monthly non-farm payroll report. The headline USD/CHF currency exchange rate …
Read More »British Pound Waits on PMIs and Key US Labor Data
0.0 00 The British pound is trading around the 23.6 percent Fibonacci level at 1.3740 as a new month begins during the Asian trade session on Wednesday. Price action in the GBP/USD currency exchange rate is …
Read More »Gold Futures could Range Trade ahead of the NFP
0.0 00 The widely traded spot gold futures contract spiked higher on Friday. This upswing followed hawkish commentary from Federal Reserve Chair Jerome Powell at the Federal Reserve’s annual Jackson Hole economic symposium. Mr. Powell said …
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