XAU/USD Trades Below 1,930.00
Yesterday, the XAU/USD exchange rate tumbled to the 1,905.00 mark. From the one hand, it is likely that yellow metal could gain support from the 200-hour moving average near 1,904.00 and extend gains against the US Dollar in the short...
Crude Oil Price Hits $50, EUR/USD Extends Gains
Key Highlights Crude oil price traded above the $50.00 mark for the first time since February 2020. Major supports are forming near $48.00 on the 4-hours chart of XTI/USD. EUR/USD extended its rise, and traded to a new multi-month high...
XAU/USD Trades Near 1,960.00
During today’s morning hours, the XAU/USD raised to the 1,960.00 mark. It is likely that the yellow metal could continue to extend gains against the US Dollar, as it is supported by the 55-hour moving average near 1,942.00. The rate...
USD/CHF Outlook: Swiss Franc Hits The Highest Since Jan 2015 Vs US dollar
The pair extends weakness on Wednesday and dips to the lowest since January 2015, when the Swiss National Bank freed the franc to rise, as news that Democrats move closer to Senate control, added pressure on the US dollar. Strong...
USD/JPY Outlook: Dollar Expected to Remain in Red Regardless the Outcome of Georgia Senate Run-off
The dollar returned to red on Tuesday after Monday’s long-legged Doji and pressuring new multi-month low at 102.71. Broad dollar’s negative sentiment keeps in play risk for further weakness as bears gained fresh signal on December’s break and close below...
GBP/USD Outlook: New National Lockdown and Fears of Sub-Zero Rates Could Sideline Larger Bulls
Cable is consolidating after Monday’s 0.62% drop, as bulls were deflated after cracking 1.37 barrier and hitting new 2 ½ year high. Despite bullish expectations, investors were cautious at the start of the year, considering risk of exploding new coronavirus...
AUD/USD Bullish ZigZag Aiming For Higher Levels
The AUD/USD is in uptrend and continuation is expected. We should see a bounce from the POC zone. The POC zone 0.7616-0.7630 is potentially very strong for the bounce. However, the price is still in a retracement and we should...
Dollar Index Hits New Multi-Year Low, Set for Deeper Fall in Early 2021
The dollar hit new three-year low against the basket of major currencies on Monday, starting trading in 2021 in red, after registering drop of nearly 6.5% in the year 2020. Covid-19 pandemic that devastated the US economy and ultra-low interest...
Currency Pair of the Week: USD/CAD
The US Dollar has been in a freefall since the coronavirus pandemic began in March 2020. Two rounds of fiscal stimulus and an abundance of monetary stimulus have kept the printing machines rolling as the new supply is suppressing the...
Gold Price Started A Fresh Increase Above $1,880
Gold price started a fresh increase above the $1,880 resistance against the US Dollar. The price even broke the main $1,900 resistance zone to move into a positive zone. There was also a close above the $1,910 level and the...
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