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The precious metal gold fell sharply to 1,926 amid neutral FOMC meeting minutes from the United States. Gold is now gaining support around 1,926 levels, which is extended by a symmetric triangle pattern. Learn more about it in a gold price forecast video above.
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NZD/USD Stays Below 0.5900 as Support Limits Downside Key Moments
NZD/USD trades with a modest bearish bias for a second session, hovering below 0.5900 in Asia on Friday.
Geopolitical risks and an American naval blockade support the safe-haven USD, while prospects for US-Iran […]
Forex Market: GBP/USD once again encounters resistance at 1.2670 at the start of a data-laden week GBP/USD encountered resistance at 1.2670, or the area near the high from June 16th, for a third straight trading day on Monday, beginning what is going to be a macro data-laden week.The US Dollar lost its safe haven allure and […]
Commodity Market: Pivot Levels for Thursday (March 30th 2017) Silver (SI) for May delivery (1 Troy Ounce)R1 – $18.272
R2 – $18.292
R3 (Range Resistance – Sell) – $18.313
R4 (Long Breakout) – $18.373
R5 (Breakout Target 1) – $18.444
R6 (Breakout Target 2) – $18.474S1 – $18.232
S2 – […]
Commodities trading outlook: gold futures steady, copper falls on dim demand outlook Gold was steady around $1 200 on Wednesday, supported by a rebound in oil prices, but a strong dollar kept gains checked. Copper fell as worries over demand from top consumer China failed to spur bargain hunting even though prices slid to […]
Forex Market: EUR/GBP daily forecast During Friday’s trading session EUR/GBP traded within the range of 0.8277-0.8310 and closed at 0.8299.At 07:16 GMT today EUR/GBP was losing 0.24% for the day to trade at 0.8280. The pair touched a daily low at 0.8270 at 06:35 GMT, […]
Forex Market: AUD/USD rebounds from a two-month low as RBA rate cut expectations now pushed back to November AUD/USD continued its rebound from last Friday's two-month low on Tuesday, as market expectations of a rate cut by the Reserve Bank of Australia were pushed back to November from a policy meeting next week. Additional support for the […]