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 [...]
Daily Gold & Currency Trading Update
The United States dollar closed negative against the other major currencies as optimism of a Greek debt talk and news of the International Monetary Fund is attempting to increase its lending capacity, boosted risk appetite by $500B supporting riskier assets. Wall Street closed positive with the S&P increasing by 1.11% and the DOW by 0.78%. [...]
Weekly Forex Market Trading News
The dollar rose to its highest level to its highest level in about 15-months against the Euro, as data coming out of the United States indicates that its labor market is strengthening. Non-farm Payrolls in the United States increased by 200K jobs last month, beating forecast for December and the unemployment rate decreased to its [...]
Daily Gold & Currency Trading News Update
US dollar posted gains versus most major currencies as risk sentiment deteriorated and market focus returned to Europe’s debt crisis. Nasdaq fell by -0.01% and the Dow Jones added 0.17% to its value. Crude oil closed at $103.20/Barrel after the European Union moved towards sanction on Iran, advancing 0.3% from Yesterday. Gold ended higher on [...]
Daily Gold & Currency Trading News Update
US dollar fell versus most majors as signs of manufacturing expansion in the United States and China damped appeal for safer assets. The Nasdaq rose by 1.67% and the Dow rose by 1.47%. We saw crude climb by 4% to its highest level in more than 7 months over further sanction against Iran may disrupt [...]
Weekly Forex Currency Trading News Update
German chancellor Angela Merkel says she’s expects turbulence in 2012 as she does everything to save the Euro and end the sovereign debt crisis in Europe. Merkel would meet with French president Sarkozy on January 9th to discuss revisions for Europe fiscal regulations. A final agreement on German French proposals is due by leaders of [...]
Weekly Currency Market Trading News
The US dollar rose slightly last Monday against other major currencies on news that North Korea leader Kim Jong had died, but then declined for the 3rd week in the last four weeks on decrease demand for safe haven assets. Economic data coming out of the US signaled that economic expansion might stand up against [...]
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