EUR/GBP barely moved the needle amidst thin liquidity conditions on a worldwide holiday.A solid US jobs report pushed recession fears away, as US equity futures showed. The EUR/GBP advances for two straight days and hits a four-day high of around 0.8790 on a subdued trading session in observance of the Good Friday holiday. The EUR/GBPContinue reading “EUR/GBP records modest gains amidst low liqulidity conditions on Good Friday.”
Category Archives: Xauusd
GBP/USD: Clear move above 1.2380 to target 1.25 and, potentially, a move on to 1.28/1.30 range.
Cable gains are extending to near 1.23. A sustained move above 1.2380 would clear the way toward 1.25, then a potential move on to the 1.28/30 range, econmomists at Scotiabank report. Firm and developing momentum under the GBP.“Short-term oscillators indicate firm and developing momentum under the GBP.” “Consolidation resistance, stemming from the sideways channel thatContinue reading “GBP/USD: Clear move above 1.2380 to target 1.25 and, potentially, a move on to 1.28/1.30 range.”
Gold price retreats after hitting $2,000, banking issues continue.
Gold price has rallied over 10% in the past two weeks.Trust issues in banking sector continue despite the UBS takeover of Credit Suisse. Gold price bulls have been the biggest beneficiaries of the international banking crisis that has taken over the financial markets in the past week. The bright metal has rallied more than 10%Continue reading “Gold price retreats after hitting $2,000, banking issues continue.”
Gold Price Forecast: XAU/USD tumbles below $1850 on elevated US bond yields.
Gold price stumbles 0.37% on Monday courtesy of higher US Treasury bond yields. US Factory Orders dropped less than estimates though market players ignored it. Traders are eyeing the appearance of the US Federal Reserve Chair Jerome Powell at the US Congress. Gold Price Analysis: Downward biased in the near term.Gold price slides 0.26% orContinue reading “Gold Price Forecast: XAU/USD tumbles below $1850 on elevated US bond yields.”