0.0 00 The British pound continues to retreat against the U.S. dollar. This week, the GBP/USD currency exchange rate will be focused on monetary policy and rate decisions from the U.S. Federal Reserve and Bank of …
Read More »Gold Looks Bearish as Traders wait on the Fed
0.0 00 Looking at the spot gold futures contract, the bullion fell sharply lower last Thursday and is trading below the 61.8 percent Fibonacci level. The weakness was due, in part, to broad strength of the …
Read More »Euro Looks Ready for more Possible Losses
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 »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 »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 …
Read More »Euro Currency Looks to Gain against the Dollar
0.0 00 The euro currency spiked high on Friday against the U.S. dollar. However, this gain could be corrective for the EUR/USD Forex market. The twenty day simple moving average looks a bit bearish in slope …
Read More »Gold Holds up against a Resurgent Greenback
0.0 00 Looking at the popular and widely traded spot gold futures contract, the yellow metal saw gains last week despite a stronger U.S. dollar. On Wednesday, the bullion was trading near $1,800 per ounce before …
Read More »British Pound Trades under the 200 DMA vs the Dollar
0.0 00 Looking at the GBP/USD currency exchange rate, the British pound remains under pressure against the almighty U.S. dollar. Price action is also below the two hundred (200) day simple moving average as we head …
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