GBP/USD fails to break above 200DMA in 1.3730s despite solid UK GDP figures.

GBP/USD has failed to push above its 200DMA on Friday despite solid UK GDP and Industrial Production data.The now quite overbought pair has since dropped back to the 1.3710 area, where it consolidates ahead of US data.A much stronger than expected UK GDP growth rate in November and a promising rebound in manufacturing activity inContinue reading “GBP/USD fails to break above 200DMA in 1.3730s despite solid UK GDP figures.”

Gold Price Forecast: XAU/USD consolidates in weekly highs near $1,830, US Retail Sales eyed

.Gold price hits weekly highs amid weaker US dollar despite hawkish Fed.Focus shifts to the US Retail Sales and Consumer Sentiment releases. Gold bulls strive hard to find acceptance above monthly highs of $1,832.Gold price is easing from fresh one-week highs of $1,829, as sellers continue to lurk around the $1,830 area. The pullback inContinue reading “Gold Price Forecast: XAU/USD consolidates in weekly highs near $1,830, US Retail Sales eyed”

GBP/USD bulls moved in on the 1.3730s but has stalled.

GBP/USD has been creeping steadily higher in the face of a softer US dollar. Some hawkish tones have been dialled down at the Fed by recent comments from officials. At 1.3729, GBP/USD is higher on the day so far, trading up 0.16% after climbing from a low of 1.3705. The price is stalling here butContinue reading “GBP/USD bulls moved in on the 1.3730s but has stalled.”

Gold Price Forecast: XAU/USD holds steady near one-week high, just below $1,830-32 hurdle.

Gold Price Forecast: XAU/USD holds steady near one-week high, just below $1,830-32 hurdle. Rebounding US bond yields underpinned the USD and capped the upside for gold on Thursday.The metal might continue to benefit from its status as a hedge against surging consumer prices.Any meaningful corrective slide could still be seen as a buying opportunity andContinue reading “Gold Price Forecast: XAU/USD holds steady near one-week high, just below $1,830-32 hurdle.”