Gold prices offered a downside gap near $1,774 to kick-start with the week on a back foot. Pandemic fears, geopolitical tensions keep safe-haven buyers strong amid global policymakers’ fight against economic suppression. US ISM Non-Manufacturing PMI … [Continue reading]
Forex Today: Dollar has no reasons to recover, for now
Here is what you need to know on Monday, July 6: A holiday in the US kept majors lifeless on Friday, exacerbating the previous range trading. The greenback finished the week with a soft tone, weighed by concerns about the future of the economy … [Continue reading]
S&P 500 Price Analysis: Key levels to watch in the week ahead – Confluence Detector
The S&P 500 Index closed the holiday-shortened week higher by over 3%, although off the three-week high of 3,165.81. The stocks surged on vaccine hopes and record US June Non-Farm Payrolls addition. Let’s take a look at the Technical Confluences … [Continue reading]
Colombia Consumer Price Index (MoM) came in at -0.38% below forecasts (-0.09%) in June
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]
Colombia Consumer Price Index (YoY) came in at 2.19% below forecasts (2.49%) in June
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]
ECB’s Lagarde warns of disinflation as coronavirus crisis transforms economy
Speaking about alternative growth models at a webinar on Saturday, the European Central Bank (ECB) President Christine Lagarde said that a falling trend in price pressures will persist over the next two years due to the coronavirus pandemic-driven … [Continue reading]
Gold Price Analysis: XAU/USD set to test 7-year highs amid lack of healthy resistance levels
Gold looks to break Friday’s range trade to the upside. Falling trendline hurdle at $1776.60 is the level to beat for the bulls. XAU/USD closed above all major hourly Simple Moving Averages (HMA). Following consolidation in a $5 range on … [Continue reading]
NZD/USD Price Analysis: Could we see an extension of the trend next week?
NZD/USD is trading 0.39% higher on the session despite thin holiday trade. There is a key resistance zone on the upside that the bulls need to challenge. NZD/USD daily chart Despite very thin volume on Friday (US participants are off for … [Continue reading]
USD/JPY Price Analysis: The pair is stuck between 107.33 and 108.00 for now
USD/JPY is trading 0.01% lower on Friday. The pair has consolidated in a very narrow 67 pip range. USD/JPY 4-hour chart USD/JPY has traded in a very thin range on Friday as volumes remain light to a US holiday. Looking at the chart below it is clear … [Continue reading]
USD/MXN to move toward 24.50 by the end of July – Rabobank
Analysts from Rabobank see the USD/MXN pair moving towards 24.50 by the end of July. They point out that seasonality shows a mixed bag for July but they note USD/MXN has rallied during August in eleven of the past thirteen years. Key Quotes: … [Continue reading]