Daily Gold & Currency Trading News Update
The United States dollars weakened against the other major currencies as negative U.S. Manufacturing data failed expectations dampening demand for safer assets. Wall Street closed positive as S&P increased by 0.89% and the DOW by 0.66%. Crude decreased by 0.90% closing at $97.61/barrel, Gold strengthened by 0.35% to finish at $1,734.55. We await the release [...]
Daily Gold & Currency Trading News Update
The United States dollar traded mixed against the major currencies after paired earlier losses as stocks fell after Consumer Confidence and business activities in the United States was weaker than forecast in January. Consumer Confidence unexpectedly dropped to 61.1 as gas prices picked up and more Americans said jobs are hard to get. Wall Street [...]
Daily Gold & Currency Trading News Update
Technical Analysis The eur/usd saw price almost reach Resistance R1 – 1.3205 and sustained rise above this level would be suggesting next target at Resistance R2 – 1.3274. Rebound from current resistance would fall towards Main Pivot – 1.3140, based on the conclusions reached and indicators used, we are expecting a bullish trend. We expect [...]
Daily Gold & Currency Trading News Update
The United States dollar weakened against the other majors following the Federal Reserve pledge to keep Interest Rate low until late 2014. Wall Street closed mixed as S&P decrease by 0.16% and the Nasdaq rose by 0.40%. Crude oil jumped to its highest level since August and amidst signs that Greece is nearing an agreement [...]
Weekly Gold & Currency Trading News Update
The Euro increased against the U.S. dollar for the fifth day which is the longest streak in 3-months, after it was reported that Greece is close to coming into agreement with its creditors. Greece and its private creditors indicated that it expects to accomplish a debt swap agreement in the coming week. The Euro was [...]
Daily Fundamental & Technical Forex Trading News Update
Technical Analysis We are expecting a rise towards Resistance R1 – 1.57220 for the eur/usd, sustained rise and break at this level would target Resistance R2, between these two resistances we are expecting a possible sideways move. Based on the conclusions for each indicator and chart analysis, we are expecting a bullish trend. For the [...]
Daily Fundamental & Technical Forex Trading News Update
Technical Outlook The technical outlook for the eur/usd shows price above main pivot at 1.3051 is adjusting and we can expect target to hit the Resistance R1 – 1.3173, but it seems price would decline before the next rise. If price holds above the main pivot – 1.3051, target would be at resistance but decline [...]
Daily Gold & Currency Trading News Update
The United States dollar finished mixed versus the majors, gaining versus the Japanese Yen, weakening versus the British Pound and unchanged versus the Euro. The United States dollar strengthened during part of the trading day as Greek bond holders failed to reach a settlement on the debt swap plan which spurred some demand for safety. [...]
Daily Gold & Currency Trading News Update
The United States dollar weakened against most majors as investors felt more optimistic about the Greek Credit Swap negotiations, both the Nasdaq and the DOW declined by -0.09% as investors IQ earning releases from Bellwether such as Apple latter this week. Crude oil gained by 1.51% to close at $99.81/Barrel and Gold reached a 6-week [...]
Daily Gold & Currency Trading News Updates
The United States dollar weakened versus most majors on the Friday’s trading, after weaker than expected Existing Home Sales, which came out 4.61M lower than the expected 4.65M. Nadaq remained almost unchanged with a -0.06% decline, while the DOW gained by 0.76%. We saw Crude Oil decline by -2.20%, closing at $98.33/Barrel and gold gained [...]
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