0.0 00 The euro currency began the current year (2021) trading at 1.2240 against the U.S. dollar. The EUR/USD Forex pair then, by November, hit a low price point of 1.1185. As we head into this …
Read More »Gold Buyers Send Price above $1,800 per Ounce
0.0 00 Last week, the spot gold futures contract was range bound at first before dipping to its lowest price point in two months at $1,753 per ounce on Wednesday. The metal then recovered going to …
Read More »British Pound continues Lower over Covid-19
0.0 00 The sentiment linked British pound has been under tremendous selling pressure due to the new Omicron coronavirus pandemic (Covid-19) strain. The GBP/USD Forex pair is falling lower as traders grapple with what new Covid-19 …
Read More »Euro Currency is still below the Key Moving Averages
0.0 00 The euro currency formed a lower low and a lower high last week. The EUR/USD currency exchange rate fell back from the 38.2 Fibonacci level near 1.1380. The bears seem to be fully in …
Read More »Gold still looks on the Defensive against the Dollar
0.0 00 The popular spot gold futures contract went on a wild ride last week. As U.S. Treasury bond yields rose sharply during the first half of the week, the spot contract broke below the trading …
Read More »Gold Runs out of Steam but the RSI Looks Positive
0.0 00 The corrective gain seen with the spot gold future contract seems to be running out of steam. The yellow metal ran into resistance around the 23.6 percent Fibonacci level and inched lower. The U.S. …
Read More »New Zealand Dollar Looks to Extend Friday’s Gains
0.0 00 The New Zealand dollar is struggling to extend Friday’s gains against the greenback as we head into Monday’s trade session. The NZD/USD currency exchange rate is trading around 0.7040 after see two weeks in …
Read More »Gold Recovers Despite Stronger Greenback
0.0 00 The spot gold futures contract was indecisive most of last week. The spot contract fell sharply on Wednesday after the U.S. Federal Reserve’s policy announcement. The Federal Reserve said that they would begin scaling …
Read More »Australian Dollar finds a Bid against the Greenback
0.0 00 The Australian dollar has found a bid against the U.S. dollar. The AUD/USD currency exchange rate looks to extend recent gains as the greenback remains broadly weaker. Price action is finding resistance at the …
Read More »Gold Falls Below the 200 and 100 Day Moving Averages
0.0 00 The spot gold futures contract saw a bit of a tumble on Friday. Price action fell below the two hundred (200) day simple moving average. The spot contract is also trading below the one …
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