Daily Gold & Currency Trading News Update
Technical Analysis Our indicators are suggesting a bearish trend for all the major currency pairs today. Up first is the technical outlook for the eur/usd. Price is now heading towards Support S1 – 1.3298 and any rate below this level would be indicating a further fall towards Support S2 – 1.3269, but they are signals [...]
Daily Gold & Currency Trading News Update
Technical Analysis Starting off with the technical analysis, we’ll begin with the eur/usd, as long as price holds above Main Pivot – 1.3352, we are expecting rise towards Resistance R1 – 1.4318 and if price would have enough momentum the next objective would be at Resistance R2 – 1.3480. On the downside, a fall below [...]
Daily Gold & Currency Trading News Update
The United States dollar fell versus most of the majors, after risk aversion decreased and cause investors to prefer higher yielding assets. Wall Street finished in the green as Nasdaq rose by 0.15% and the Dow added 0.27% to its value. Crude gained by 1.13% and closed at $106/Barrel, gold rose by 1.40% and closed [...]
Daily Gold & Currency Trading News Update
The United States dollar traded mixed against most majors after existing home sales came out 4.59M worse than expected at 4.61M. Wall Street closed mixed as the S&P decreased by 0.19% and the Dow by 0.35%, with the Nasdaq closing almost unchanged. Oil rose by 0.48% to close at $106.88/Barrel and Gold closed almost unchanged [...]
Daily Technical & Fundamental Trading News Update
Technical Outlook Starting with the technical outlook for the eur/usd, we are expecting price to hold below Main Pivot – 1.3039 and current target is at Support S1 – 1.2990. Further fall towards Support S2 – 1.2960 isn’t excluded and rise above Main Pivot – 1.3039 would negate previous conclusions. Overview of our chosen indicator [...]
Daily Fundamental & Technical Trading News Update
Technical Outlook Starting with the technical outlook for the eur/usd, we are expecting a rise above Main Pivot – 1.3106 and price would then target on Resistance R1 – 1.3162. Any rise above this level would then focus on Resistance R2 – 1.3245, but if price won’t be able to break above the Main Pivot [...]
Daily Gold & Forex Trading News Update
The United States dollar traded mixed against most of the Major currencies, as a stronger United States economic data reduced by the Federal Reserve would add to monetary stimulus and bolster demand for the currency. Stocks ended mixed as the Nasdaq declined by 0.16% and the Dow rose by 0.29%. Crude oil fell by 0.50% [...]
Daily Technical and Fundamental Analysis Update
Technical Outlook Beginning with the technical outlook for the eur/usd, as long as price holds below the Main Pivot – 1.3162, target remains at Support S1 – 1.3053. If the Euro doesn’t rebound from this support, a rate below this level would be indicating the next target at Support S2 – 1.2987. An overview of [...]
Daily Gold & Currency Trading News Update
The United States dollar finished stronger versus the majors and declined versus the Japanese Yen as risk aversion grew, following more signs of slowing down in Europe and fear of a Greek default. The United States stock market fell with the Dow dropping by 200pts with -1.57% change, and the Nasdaq by -1.36% following Greece [...]
Daily Gold & Currency Trading News Update
The United States dollar continued to gain versus most majors as the United States job market seem to improve, while Europe’s upcoming recession seems inevitable. The safety of the United States dollar and the economic improvement in the U.S. couldn’t leave the dollar and stock market higher. The United State stock market finished slightly lower [...]
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