0.0 00 Looking at the sentiment and commodity linked Australian dollar, this currency seems to be brushing off the current strength of the almighty U.S. dollar. With that said, looking at the AUD/USD currency exchange rate …
Read More »British Pound Remains in the Rising Trend Channel
0.0 00 Looking at the benchmark GBP/USD currency exchange rate and above daily MT 4 price action chart, the British pound is still trading in the rising trend channel against the U.S. dollar. However, the U.S. …
Read More »Dollar Rides Yields Higher against the Yen
0.0 00 On Friday the dollar closed above 109.35 yen as the benchmark USD/JPY currency exchange rate spiked north. This Forex market has been recovering over the last few weeks. It rose 1.7 percent one week, …
Read More »Euro Looks Weak while Below the 20 Day SMA
0.0 00 Last week, the euro currency fell lower against the U.S. dollar for the second week in a row. Looking at the above daily EUR/USD MT 4 chart, there could be more losses ahead for …
Read More »Spot Gold Remains in Descending Channel
0.0 00 The spot gold futures contract (XAU/USD), continues to move lower in a descending price action channel. Gold is under pressure from a stronger U.S. dollar which has gotten a boost from rising Treasury yields. …
Read More »British Pound falls back to Earth after Spiking
0.0 00 Looking at the British pound on the GBP/USD daily MT 4 price action chart, this benchmark Forex market spiked too high and too fast to keep up with the pace of buying. The 14 …
Read More »Dollar Stays above the 21 Day Simple Moving Average
0.0 00 The almighty U.S. dollar is in control over the safe haven Japanese yen. The headline USD/JPY currency exchange rate has reversed higher over the course of February and is trading below the technical upside …
Read More »Dollar Challenges the 200 Day SMA
0.0 00 Looking at the benchmark USD/JPY Forex market, the dollar hit a five month high at 106.23 on Wednesday. The greenback was supported by better than expected monthly US retail sales data as well as …
Read More »Australian Dollar Looks to Extend its Recovery
0.0 00 The commodity and sentiment linked Australian dollar looks ready to continue its three week long recovery against the U.S. dollar. The AUD/USD currency exchange rate is trading above its key daily simple moving averages. …
Read More »British Pound Running out of Steam as it inches Higher
0.0 00 Looking at the benchmark GBP/USD currency exchange rate, the British pound is still well within a rising trend channel on the above daily MT 4 price action chart. However, the GBP/USD Forex market is …
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