0.0 00 The sentiment and commodity linked Australian dollar remains depressed against the U.S. dollar headed into Wednesday. The benchmark AUD/USD currency exchange rate is trading around 0.7315 after falling below the fifty (50) day simple …
Read More »British Pound Trades above 1.38 and the 200 Day SMA
0.0 00 The British pound continues to consolidate just above 1.38 and the two hundred (200) day simple moving average. It should also be noted that the benchmark GBP/USD currency exchange rate is trading within a …
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 »Euro Currency Dips against the British Pound
0.0 00 Overnight, the euro currency fell lower after the European Central Bank monthly monetary policy and interest rate announcement. The benchmark EUR/GBP currency exchange rate dipped below a rising trend line as well as the …
Read More »Silver could form a Possible Bearish Cross
0.0 00 Looking at the spot silver futures contract, the one hundred and two hundred (100, 200) day simple moving averages look to be converging. This would be a formation of a bearish cross which could …
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 »New Zealand Dollar is Capped by the 200 DMA
0.0 00 Headed into the weekend, the New Zealand dollar is seeing some of its upside momentum fade against the U.S. dollar. The benchmark NZD/USD currency exchange rate is finding good upside technical resistance at the …
Read More »Dollar Trades Flat against the Swiss Franc
0.0 00 The almighty U.S. dollar is flat lining against the Swiss franc as there is some weakness prevailing for the greenback ahead of Friday’s all-watched monthly non-farm payroll report. The headline USD/CHF currency exchange rate …
Read More »