Forex Signals for 04th December 2020
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Buy GBPUSD at 1.3467
Take Profit at 1.3520
Stop loss at 1.3400
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Buy GBPJPY at 139.85
Take profit at 140.20
Stop loss at 139.30
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Buy EurUsd at 1.2156
Take Profit at 1.2210
Stop loss at 1.2100
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Buy Xauusd at 1843
Take Profit at 1853
Stop loss at 1830
You can also place a buy limit at 1834
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- Euro holds gains above 1.1550 following Eurozone GDP and bright Trade Balance dataThe Euro (EUR) holds moderate gains against the US Dollar (USD) on Friday, as Eurozone Gross Domestic Product (GDP) came in line with market forecasts while June’s Trade Balance beat forecasts. The EUR/USD pair has returned above 1.1550 with the US Dollar losing ground across the board as US inflation data has curbed hopes of… Read more: Euro holds gains above 1.1550 following Eurozone GDP and bright Trade Balance data
- Euro gains as receding Fed hike bets weigh on USD; geopolitical risks cap upsideThe EUR/USD pair attracts some follow-through buyers during the Asian session on Friday and looks to build on the previous day’s modest bounce from the vicinity of the 1.1500 psychological mark, or an over one-week low. Spot prices, however, remain confined in a two-week-old range and currently trade below 1.1550 amid mixed cues. The US… Read more: Euro gains as receding Fed hike bets weigh on USD; geopolitical risks cap upside
- EUR/JPY Price Forecast: Holds ground near 184.00, 50-day EMAEUR/JPY remains flat after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday. The currency cross is holding above the short-term nine-period Exponential Moving Average (EMA) but remaining capped by the medium-term 50-period EMA. The moving averages configuration, together with a near-neutral 14-day Relative Strength Index (RSI) at… Read more: EUR/JPY Price Forecast: Holds ground near 184.00, 50-day EMA
- GBP/USD Forecast and NewsBritish Pound climbs as soft US inflation data hurt Fed hawkish bets The Pound Sterling registered modest gains versus the Greenback as US inflation data on the producer side came below or aligned with estimates, revealing that the disinflation process continued. The GBP/USD trades at 1.3503, up 0.06%. Technical Analysis GBP/USD In the daily chart,… Read more: GBP/USD Forecast and News
- Gold outlook: Bulls take a breather under new multi-week high ahead of US economic dataXAU/USD Gold price edged lower from new 9-week high in early Thursday trading as positive impact from lower inflation in July started to fade while investors focus on US Producer Price Index data (due later today) which would provide more details about the Fed’s policy outlook. Recent strong acceleration higher started to show signs of… Read more: Gold outlook: Bulls take a breather under new multi-week high ahead of US economic data
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