Gold

EURUSD climbs on improved sentiment The US dollar may continue to lag behind other major currencies as risk sentiment improves. Markets seem to have bought repeated assurances from the Fed that it will keep interest rates low, at…
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The current structure for gold shows a bearish corrective wave (4), which has been formed for a long time. Most likely, it came to an end, taking the form of a minor triple zigzag. At the time of writing, the initial part of the new…
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USDCHF retreats to major support The US dollar is treading water as traders await inflation data which would dictate the next movement. The greenback has fallen back to test the medium-term support (0.9210) from the daily chart…
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The precious metal has been trading within the confines of the 1760 and 1676 levels for over a month. Price action remains within the downtrend as seen from the larger declining price channel. Within this price channel, we also have a…
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The second quarter is shaping up to be the best time for commodities in general, even though they have already moved higher in anticipation. The US and UK are expected to fully open their economies by the summer. This will, therefore,…
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USDJPY accelerates rally The US dollar climbs as the US economy is gaining steam while other parts of the world face new Covid restrictions. The pair has shot up to last June’s high at 109.85 after it broke out of the consolidation…
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Gold It’s been a very quiet week for gold traders. The market has remained tightly congested, sitting within the prior week’s range. Conflicting directional drivers effectively capped the metal from making a move one way or another.…
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GBPUSD cuts through major support The pound saw fresh sell-off despite a fall in the UK’s unemployment rate as average earnings, an indication of inflation remained subpar. Two failed attempts to breach the psychological level of…
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Gold Gold prices have been broadly higher over the week with price advancing further off the 1700 handle. However, the market gave back some of those gains on Thursday following the March FOMC meeting on Wednesday. The Fed struck a…
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XAUUSD builds support for a comeback A weaker US dollar has offered gold the opportunity to make a comeback just ahead of the Fed meeting later today. After having established a base at the round number 1700 the precious metal is…
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