Key barriers at $1795/$1800 in focus
Spot gold hit new highest level in nearly eight years on Wednesday, continuing to shine on increased safe-haven demand over worries about the global economic impact of surging new coronavirus infections.
The yellow metal rallied on…
Read More...
Read More...
Extended consolidation on track to leave fourth consecutive Doji
The Australian dollar continues to move within narrow range against its US counterpart and on track to leave the fourth consecutive Doji candle that signals strong indecision.
Mixed daily techs add to neutral near-term tone, as extended…
Read More...
Read More...
Downbeat economic data and weakening risk mode maintain pressure on sterling
Cable remains firmly in red for the third straight day and pressures pivotal support at 1.2250 (Fibo 76.4% of 1.2074/1.2813 / Monday’s low, the lowest in one month).
Fresh weakness probes again into thick daily cloud after Monday’s dip…
Read More...
Read More...
Euro remains in red despite better than expected inflation data as risk sentiment fades
The Euro traded within 1.1200/50 range in Asia / early Europe on Tuesday and maintaining negative bias, with session low under pressure again.
Monday’s strong recovery rejection that left (bullish) daily candle with long upper shadow,…
Read More...
Read More...