Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may … [Continue reading]
Gold Price Analysis: Short-term support trendline, at $1,550, in focus
Gold fails to extend the early-day recovery. Overbought RSI conditions, bullish exhaustion favor further declines. 21-day SMA adds to the support whereas buyers will wait for the sustained break of 23.6% Fibonacci retracement. Gold prices turn mildly … [Continue reading]
WTI refreshes seven-week low to $56.05 after API data, EIA numbers in focus
WTI drops heavily amid fears of weak demand, higher supply. An increase in API inventories, diminishing importance of the geopolitical plays in the Middle East also played their roles. EIA data, trade/political headlines will be in the spotlight for … [Continue reading]
GBP/USD weeping back below session highs, markets look to BoE dovish implications
GBP/USD bears looking to a break of 1.3100 to open risk to the trendline support and confluence of 78.6% Fibo. Brexit bill passed, but markets ignore it as already priced in. The bigger news will come from-critical data coming up this week ahead of … [Continue reading]
Canada: December CPI slips under the radar ahead of January BoC – TD Securities
"CPI inflation was unchanged at 2.2% y/y in December, in-line with TD's forecast and slightly below the market consensus," noted TD Securities analysts. Key quotes "The index was unchanged on a m/m basis, as sharply higher airfares offset broader … [Continue reading]
UK’s Javid: Trade deal with the EU can absolutely be done before the year end
The UK Finance Minister Sajid Javid is on the wires now, via Reuters, speaking alongside the US Treasury Secretary Mnuchin and International Monetary Fund (IMF) Chief Georgieva in a panel discussion on ‘the Future of Financial Markets’. Key Quotes: … [Continue reading]
Netherlands, The Consumer Spending Volume down to 1.3% in November from previous 1.7%
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may … [Continue reading]
WTI pulls back to $58.35 amid a lack of fresh catalysts
WTI snaps two-day losing streak. The global push for the immediate solution of Libyan oil seize, headlines from Iran/Iraq in focus. API data, trade/political news will offer fresh direction. WTI bounces off to $58.35 during early Wednesday. In doing … [Continue reading]
Forex Today: Risk-off led the way
Here is what you need to know on Tuesday, January 22nd: A virus outbreak in China that can be spread between humans spurred risk aversion. China canceled the Lunar New Year´s celebrations to prevent a worldwide outbreak of the coronavirus, although … [Continue reading]
Gold Price Analysis: XAU/USD drops sharply to $1550/oz
Gold is trading in the New York session below the 1558/1555 resistance zone. The level to beat for bears is the 1550 support. Gold daily chart XAU/USD is trading in a bull trend above its main daily simple moving averages (SMAs). After a failure at … [Continue reading]