Near-term resistance lines up at 98.89, the 76.4% expansion. A break below support exposes 92.51. Daily Chart – Created Using FXCM Marketscope 2.0 Spot Gold (NY Close): $1594.02 // +4.45 // +0.28% Prices are showing an Inverted Hammer above …
Near-term resistance lines up at 98.89, the 76.4% expansion. A break below support exposes 92.51. Daily Chart – Created Using FXCM Marketscope 2.0 Spot Gold (NY Close): $1594.02 // +4.45 // +0.28% Prices are showing an Inverted Hammer above …
A break of the next layer of support at 104.75 marked by the 38.2% Fib would act as confirmation. Daily Chart – Created Using FXCM Marketscope 2.0 Spot Gold (NY Close): $1650.43 // -0.35 // -0.02% Prices continue to carve out a Falling Wedge …
The Singapore dollar also shed, while the city-state’s currency found immediate support at 1.2630 per greenback, a cluster of highs on hourly charts. The next support level is seen at 1.2654-58, the low of March 6 and a 55-day moving average.
AUD/USD has eased to the 1.0750s intraday with bids noted at 1.0740 and into 1.0700 again. Looking at the AUD/USD charts the rally from Friday’s 1.0640 lows broken the 61.8% fibo of the 1.0845/1.0640 decline at 1.0767 suggesting the trend higher is set…
(eToro Blog) Analysts have been surprised at the Aussie Dollar’s strength since November, when the pair bounced off support at 0.9700. The AUD/USD pair has rallied over 700 pips since then and the currency is expected to continue to strengthen. The…
The trend line, now at 98.17, has been recast as near-term resistance. Daily Chart – Created Using FXCM Marketscope 2.0 The recovery in risk appetite bodes well for gold prices, weighing on the safe-haven US Dollar and thereby offering the metal …
Daily Chart – Created Using FXCM Marketscope 2.0 Spot Gold (NY Close): $1666.57 // -45.03 // -2.63% Gold prices are on the upswing heading into the opening bell on Wall Street as the recovery in risk appetite weighs on the safe-haven US Dollar …
While day-to-day fluctuations in the euro and investor risk appetite are hard to predict, the single currency is likely to remain under pressure versus the dollar and the yen in coming weeks, said Junya Tanase, chief FX strategist for J.P.Morgan in Tokyo.
The kiwi tops the performance charts early in North American trade with an advance of 1.25% against a weaker dollar. Global equities have continued to rally, boosting demand for higher yielding growth linked assets with the New Zealand dollar …
The yen tops the performance chart against the greenback for the second consecutive day, advancing 0.34% early in North American trade. Although US equity markets are modestly higher, FX markets continue to suggest that investors remain uneasy …