0.0 00 The sentiment linked British pound has seen gains for three days in a row against the U.S. dollar. Currently the benchmark GBP/USD currency exchange rate is trading in a narrow 20 pip range as …
Read More »Australian Dollar Looks to Challenge 0.7550 Next
0.0 00 The Australian dollar is gained ground against the U.S. dollar for two days in a row. The commodity linked AUD/USD currency exchange rate is looking to challenge the key upside barrier at 0.7550 as …
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 »Dollar Trades above the 50 day SMA ahead of Labor Data
0.0 00 The almighty dollar is in the driver’s seat against the Canadian currency. The benchmark USD/CAD currency exchange rate is trading around 1.2435 to 1.2445 ahead of monthly labor data out of the United States. …
Read More »Dollar Consolidates against the Yen ahead of the NFP
0.0 00 The U.S. dollar is trading higher against the Japanese yen during the early Asian trade session on Friday. Forex traders are waiting on key U.S. labor data to be released during the North American …
Read More »British Pound Struggles above 1.38 against the USD
0.0 00 The British pound is still trading above 1.38. The GBP/USD currency exchange rate remains in a tight trading range just above the weekly low price point at 1.3835 to 1.3840. Also of note, the …
Read More »Spot Gold looks to Extend Gains despite Oversold RSI
0.0 00 The widely traded spot gold futures contract rebounded a bit on Wednesday. This comes after the U.S. dollar weakened after monthly labor data was released. The private ADP non-farm payroll change for June was …
Read More »Euro Currency Trades below the 200 hour SMA
0.0 00 The euro currency remains under pressure and trading below 0.8595 against the British pound. The benchmark EUR/GBP currency exchange rate failed to cross above a month old resistance line on Tuesday. The euro currency …
Read More »Dollar Trades Higher against the Swiss Franc
0.0 00 The U.S. dollar is trading higher against the safe haven Swiss franc headed into the end of the month. Basically the USD/CHF currency exchange rate is trading in a sideways pattern around 0.9210 as …
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