At the beginning of the week, the market lacked fresh catalysts, and speculative interest decided to continue selling the dollar. EUR/USD hit 1.1751, while GBP/USD was trading at 1.2900. Both pairs settled a few pips below the highs mentioned. Commodity-related currencies advanced at familiar levels relative to their US counterparts as weak stock tone limited […]
Read moreGold (XAU/USD) continued on its bullish momentum through the late North American session, although we saw a slight pullback from the new all-time high set earlier today. One of the major factors precipitating this strong bullishness in gold includes the Federal Reserve’s decision to continue printing currency, rather inconspicuously, which of course depletes demand for […]
Read moreKey Resistance Zones: 13600, 14000, 14400Key Support Zones: 11200, 10800, 10400 Germany 30 (DE30EUR) Long-term Trend: RangingThe index is fluctuating between levels 12000 and 13000. The upward move in June was resisted at level 13000. The price plunged to level 12000 and corrected upward. The bulls retested the resistance level in July and the index […]
Read moreEURUSD Price Analysis – July 27 Earlier on Monday EURUSD reported new 23-month peaks in the 1.1750 area, extending the positive momentum to the present session. The latest progress reached Monday’s new 23-month high as the single currency is also boosted by growing tensions between the US and China dragging greenback to the lowest levels […]
Read moreGold (XAU/USD) continued on a strong bullish trend through the early European session and was last spotted trading close to its new all-time high. Growing worries over the deteriorating US-China relations drove investors to seek refuge in traditional safe-haven assets. This, consequently, caused gold to maintain its bullish momentum through Monday, making it the seventh […]
Read moreXAGUSD Price Analysis – July 27 Silver (XAUUSD) began a fresh week on Monday with a boom after a quick upside consolidation seen in the weekly closing, rising nearly 5.88 percent over the last hours. XAGUSD bulls are gaining momentum near $25.0 level in the biggest ever advance to the stage. Amid high volatility, silver […]
Read moreKey Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: RangingThe EUR/GBP pair is in a sideways move. The bulls are retesting the resistance line to break above it. The upward move is hampered as the pair continues to face resistance. The price will fall if sellers resume selling. Alternatively, […]
Read moreKey Resistance Levels: 1.0800, 1.0900, 1.1000Key Support Levels: 1.0600, 1.0500, 1.0400 EUR/CHF Price Long-term Trend: RangingThe pair has continued to trade sideways after being resisted at level 1.0800. EUR/CHF pair drops to level 1.0716 and continues sideways move. The bulls have attempted pushing prices upward but were resisted at level 1.0750. The recent upward and […]
Read moreFlorida has surpassed New York in confirmed coronavirus cases, according to weekend news. The country reported 67,000 new infections on Saturday and the death toll topped 149K. Meanwhile, in Europe, the second wave hits Spain and Germany. Preliminary estimates of business activity for July were mostly bullish outside the US, with Australia, the UK, and […]
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