GOLD PRICE FORECAST Gold prices lack directional conviction as the U.S. dollar charges toward multi-month highs. Precious metals retain a somewhat bearish outlook from a fundamental standpoint. This article looks at XAU/USD’s key technical levels to watch in the coming days. Most Read: US Dollar Setups: USD/CAD, USD/JPY, and AUD/USD; Major Tech Levels Identified Gold
The European Union is investigating China’s subsidies for electric vehicles that impact by lowering the price of such vehicles in the EU. China hit back within hours, it will extend anti-subsidy duties on potato starch imports from the European Union for the next five years from Saturday. This tariff was first levied in 2011 and
The ECB Hikes Rates but the US Dollar Dominates Market Activity لینک منبع : هوشمند نیوز
GBP/USD, EUR/GBP Analysis and Charts Cable falls to a three-month on renewed US dollar buying. EUR/GBP slides despite the ECB hiking rates again. For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Introduction to Forex News Trading The ECB hiked interest rates higher by 25 basis points across the
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank’s eagerly-awaited rate-setting meeting. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1%
Share: The GBP/USD is testing three-month lows after closing flat or bearish for seven of the last eight weeks. UK data continues to disappoint, suggesting a floundering economic outlook. US data keeps beating expectations, boosting USD in major trading pairs. The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the
USD/CAD TECHNICAL ANALYSIS Between mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets. Following the recent setback,
Boeing Co., an aerospace titan, finds itself in a storm. For nine consecutive days, its shares have been on a relentless descent, shedding 1.07% to close at $208.40 in a trading session that painted a mixed picture for the stock market. While the S&P 500 Index managed to eke out a modest 0.12% gain, landing
USDCAD falls to new session lows The USDCAD is trading to a new session alone in the process is testing a swing area between 1.3494 and 1.35039. Below that is the September 1 low at 1.34889. Get below those levels and traders will start to think about the 200 day moving average down at 1.3464
Number of traders net-short has decreased by 18.42% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI EUR/CHF BEARISH 85.65% 14.35% 6.02% Daily 1.65% Weekly -38.61% Daily -18.42% Weekly -4.00% Daily -1.82% Weekly of clients are net long. of clients are net short. Change in Longs Shorts
