0.0 00 The sentiment and commodity linked Australian dollar is set to open this week in neutral against the U.S. dollar. Last week, the greenback whipsawed a bit. The U.S. dollar was in demand thanks to …
Read More »Spot Gold Trades above $1,900 per Ounce
0.0 00 Last week, the widely traded spot gold futures contract managed to keep its bullish momentum, which started last Tuesday, going into the weekly closing. Still, gold closed below its highest yearly price point which …
Read More »Australian Dollar Trades around the 20 & 100 SMAs
0.0 00 The Australian dollar is looking weak against the U.S. dollar as we head into a new week. The AUD/USD currency exchange rate is trading just below the short-term twenty (20) day simple moving average …
Read More »Dollar Remains Stuck against the Japanese Yen
0.0 00 Looking at the benchmark USD/JPY currency exchange rate, the U.S. dollar has been trading in a rather narrow range against the safe have Japanese yen. This range is from 108.60 yen to 109.70 yen …
Read More »Spot Gold looks Poised to Challenge $1900
0.0 00 Last week, the widely traded spot gold futures contract started the week looking for gains. Buyers came into the gold market and sent price action above the key two hundred (200) day simple moving …
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 Trades near April Monthly High Price Point
0.0 00 The euro currency is trading near its April monthly high price point against the U.S. dollar. The benchmark EUR/USD currency exchange rate looks ready to extend gains on Monday and through the week after …
Read More »Spot Gold Rallies as the Greenback Weakens
0.0 00 The widely popular spot gold futures contract has rallied for two straight trading days into the end of last week. Gold was supported by a weak monthly U.S. non-farm payroll (NFP) report which sent …
Read More »Spot Gold Loses Momentum as Trading Starts on Monday
0.0 00 Looking at the widely traded spot gold futures contract, the yellow metal is starting to lose upside momentum. Price action, on the above daily MT 4 price action chart is struggling to extend gains …
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