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The leading cryptocurrency pair is trading with a bearish bias at 11,755 level, and it’s likely to gain immediate support at 11,500 level that is extended by an upward trendline. What happens if BTC/USD manages to break below 11,500? Let’s discuss it in a BTC/USD price forecast video.
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Commodities trading outlook: oil rises on US confidence, Europe strength; natural gas inches up Both West Texas Intermediate and Brent crude benchmarks rose on Tuesday, buoyed by a weaker dollar and a rally in European equities following upbeat results by a number of blue-chip companies. Allegedly bearish supply data by the EIA and a […]
Commodity Market: Gold rises as US Dollar softens, but recent macro data curbs gains Spot Gold extended a rebound from this week's low on Friday due to a softer US Dollar, but gains were limited by key macroeconomic data that bolstered the case of a sooner-than-anticipated increase in interest rates.This week's macro […]
Symmetric Triangle Pattern Supports Gold – Quick Technical Analysis Video! {
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Gold crumbles on stimulus outlook Gold made a steep plunge during the Asian session and extended losses in the early European session after upbeat U.S. economic data on Tuesday supported Feds intentions to taper its bond purchasing program, thus driving the dollar up. Gold […]
Forex Market: USD/SEK daily forecast Yesterday’s trade saw USD/SEK within the range of 6.8547-6.8987. The pair closed at 6.8732, losing 0.33% on a daily basis.At 6:27 GMT today USD/SEK was up 6.8756 0.05 for the day to trade at 6.8756. The pair touched a daily high at 6.8822 […]
Gold trading outlook: futures retreat from three-week highs on US data, Ukraine talks Gold retreated from Mondays three-week high levels as upbeat economic data from the US supported Feds previous decisions to continuously cut its monetary stimulus, offsetting safe-haven demand for the metal. Market players eyed an upcoming […]