Browsing Tag

Support and Resistance

Weekly Commodities Wrap

Gold The yellow metal fell to a fresh nineteen month low this week before posting a mild recovery later in the week as the US Dollar conceded some of its recent gains. The pullback in USD is attributed to news of talks between the US and… Read More

Weekly Commodities Wrap

Gold The yellow metal was lower once again this week, printing its fifth consecutive losing week, as the US Dollar climbed higher on global geopolitical tensions. With the Fed having reaffirmed its commitment to continuing its tightening… Read More

Intraday Analysis 8th August

Daily Forex Market Preview - 08/08/2018 The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2… Read More

Intraday Analysis 6th August

Daily Forex Market Preview - 06/08/2018 The U.S. Dollar was seen trading mixed by Friday's close. The commodity risk currencies were the biggest gainers of the day including Gold, which advanced 0.52% by Friday's close. The Euro and the… Read More

Weekly Commodities Wrap

Gold The Yellow Metal hit a fresh 12-month low this week, registering its fourth consecutive losing week, as the US Dollar rallied gathered pace. The moves came in response to the latest Federal Reserve FOMC meeting. Although the central… Read More