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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- AUD/USD Price Forecast: Australian Dollar faces wrath of RBA’s dovish hikeAUD/USD trades sharply lower as RBA’s dovish hike weighs heavily on the Australian Dollar. The communication from the RBA signaled that the bar for another interest rate hike is high. The outcome of US midterm elections is expected to have a short-term pressure on the US Dollars. The Australian Dollar (AUD) underperforms its major currency… Read more: AUD/USD Price Forecast: Australian Dollar faces wrath of RBA’s dovish hike
- Gold: Recovery from one-year low remains fragile.ING commodities strategists Warren Patterson and Ewa Manthey say Gold rebounded 1.85% after last week’s sharp sell-off, helped by lower Oil prices and bargain hunting. The metal recovered from a one-year low as easing US-Iran tensions reduced inflation concerns, but they caution that higher rate expectations and a stronger Dollar limit the scope for a… Read more: Gold: Recovery from one-year low remains fragile.
- Euro edges up against US Dollar in countdown to US Midterm electionsEuro ticks higher against the US Dollar amid caution ahead of US Midterm elections. ING says Democrats have a 70-72% chance of taking both the House and the Senate. Investors also await the US JOLTS Job Openings and the flash Eurozone HICP data. The Euro (EUR) trades marginally higher at around 1.1195 against the US… Read more: Euro edges up against US Dollar in countdown to US Midterm elections
- Euro holds modest gains as Oil prices tumble on US-Iran diplomacyEUR/USD holds modest gains as the US Dollar recovers from earlier lows. Positive US-Iran diplomatic headlines push Oil prices sharply lower. ECB policymaker Peter Kažimír signals that further interest rate hikes may be needed. EUR/USD trades with a bullish bias on Monday but lacks upside momentum as the US Dollar (USD) trims part of its… Read more: Euro holds modest gains as Oil prices tumble on US-Iran diplomacy
- Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US DollarGold rallies over 2% to $3,954 as US Dollar weakness accelerates. US 10-year Treasury yields drop nearly six basis points to 4.871%. December Fed hike odds hold near 75% amid stronger US manufacturing. Gold (XAU/USD) rebounds and gains over 2% on Monday as crude prices drift lower, dragging the US Dollar (USD) lower due to… Read more: Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US Dollar











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