0.0 00 Overall, headed into a new trade week, the British pound remains pressured lower against the U.S. dollar. The GBP/USD currency exchange rate is trading below the fifty, one hundred and two hundred (50, 100, …
Read More »Spot Gold is being Capped by the 100 DMA
0.0 00 The widely traded spot gold futures contracted corrected higher last week. The yellow bullion moved above the key one hundred (100) day simple moving average (SMA) on Friday, but could not close the week …
Read More »Euro Currency Challenge 23.6% Fibonacci Level
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 »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 …
Read More »Australian Dollar tries to Recover Losses
0.0 00 The sentiment linked Australian dollar, last week, edged higher against the almighty U.S. dollar during the back half of the week. The headline AUD/USD currency exchange rate retraced about half of its earlier losses. …
Read More »Spot Gold Sinks on Hawkish Fed Commentary
0.0 00 Primarily thanks to hawkish commentary from the U.S. central bank last week, which shocked the global financial markets, the widely traded spot gold futures contract fell sharply lower as the greenback strengthened. The U.S. …
Read More »Euro Currency Looks to Stop the Skid against the Dollar
0.0 00 The euro currency is not sitting pretty against the U.S. dollar. The benchmark EUR/USD currency exchange rate lost ground for the third week in a row and currently trading below all three key daily …
Read More »WTI Crude Oil Extends Gains on the Way to $76.72
0.0 00 Looking at the U.S. West Texas Intermediate (WTI) crude oil futures contract, crude remains in a steady upwards price trend. The U.S. contract has found strength to climb comfortably above some key layers of …
Read More »Spot Gold Trades Below the 20 Day SMA
0.0 00 The widely traded spot gold futures contract, closed last week below the short-term twenty day simple moving average. Gold remains above the fifty, one hundred and two hundred (50, 100, 200) daily simple moving …
Read More »Spot Gold Looks to Recover Losses this Week
0.0 00 The widely traded spot gold futures contract fell sharply last Thursday as the U.S. dollar was broadly higher. The gold contract did find some support near the rising trend line in play since the …
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