XAU/USD Remains Below 1,568.00
On Thursday, the XAU/USD exchange rate tried to surpass the 1,568.00 level. During today’s morning, the rate was trading at 1,562.00. Note that yellow metal is supported by the 55– and 100-hour moving averages, currently located at 1,559.00. Thus, it...
NZD/USD Could Edge Higher
The New Zealand Dollar has surged by 47 pips or 0.72% in value against the US Dollar since Thursday’s trading session. A breakout occurred through the upper boundary of a descending channel pattern at 0.6618 on Friday morning. Given that...
USD/JPY In Corrective Decrease But Dips Supported
Key Highlights USD/JPY failed to stay above 110.20 and recently corrected lower. There was a break below a short term bullish trend line at 109.80 on the 4-hours chart. The US Initial Jobless Claims for the week ending Jan 18,...
AUDJPY Loses Steam Towards Supportive Trendline; Positive Picture Questioned
AUDJPY is cautiously positive in the very short-term as the lower high throws into question the improving outlook. The pair is being supported by the 50-day simple moving average (SMA) keeping optimism on the table. Additionally, the nearing bullish crossover...
GBP/USD Outlook: Bulls Pause after Strong Rally, Awaiting UK PMI Data for Fresh Signals
Cable eases after three-day rally which repeatedly failed under pivotal Fibo barrier at 1.3158 (61.8% of 1.3284/1.2954). Wednesday’s 0.7% advance marks the biggest one-day rally since 31 Dec, fueled by better than expected data (CBI index rose the highest in...
Crude Oil Price Could Accelerate Decline Below $55
Key Highlights Crude oil price is declining and it recently settled below $60.00 against the US dollar. Earlier, there was a break below a key bullish trend line with support near $61.35 on the 4-hours chart of XTI/USD. GBP/USD is...
US 30 Index Consolidates; Remains Cautiously Positive
The Wall Street 30 stock index’s (cash) positive directional momentum appears to have weakened as it has eased slightly from the new all-time-high of 29,401. The index looks to be a bit flat – something also backed by the Ichimoku...
Dollar Index Futures May Lengthen Bearish Trend
US dollar index futures are exposed to downside risks as regards the market trend. The first clue is the lower high and the lower lows registered below the 2 ½-year peak of 99.30 and second is the death cross created...
AUD/JPY May Be Ready For Next Leg Lower
Later, markets will get their first look at how Australian consumers feel about the US-China trade deal. What is good for China is good for Australia as the economies are inherently tied through China’s demand for Australian goods. The Westpac...
UK 100 Stock Index Retreats Below MAs; Losses Halted by Ichimoku Cloud
UK 100 Stock Index (cash) retraced from the five-month high of 7,689 below the simple moving averages (SMAs) on the four-hour chart but further losses were restricted by the Ichimoku cloud’s lower boundary at 7,557. The short-term oscillators reflect mixed...
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