GBP/USD Tests Support At 1.3535.

British pound declines ahead of PMI reports.U.S. Dollar Gains Ground Against British Pound.GBP/USD is currently trying to settle below the support at 1.3535 while U.S. dollar is gaining ground against a broad basket of currencies.The U.S. Dollar Index continues its attempts to settle above the 20 EMA at 95.70. In case the U.S. Dollar IndexContinue reading “GBP/USD Tests Support At 1.3535.”

EUR/USD Is Back To The 1.1300 – 1.1330 Range.

EUR/USD is moving lower at the start of the week.Euro Is Losing Ground Against U.S. Dollar.EUR/USD is currently trying to settle back below 1.1330 while U.S. dollar is gaining ground against a broad basket of currencies.The U.S. Dollar Index managed to get above the 20 EMA at 95.70 and is trying to gain additional upsideContinue reading “EUR/USD Is Back To The 1.1300 – 1.1330 Range.”

Gold Price Forecast: XAU/USD has room to gradually decline all the way to $1,752.

XAU/USD Death Cross pattern is emerging. Yohay Elam, an Analyst at FXStreet, explains what it means and highlights levels to watch.Fears of the Fed open the door to an increase in yields, adverse for gold “The Death Cross is when the 50-day SMA crosses the 200-day SMA to the downside. They are about to ‘kiss’Continue reading “Gold Price Forecast: XAU/USD has room to gradually decline all the way to $1,752.”

GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.

GBP/USD has come under renewed bearish pressure on Friday. Disappointing UK data and failure of 1.3600 support points to further losses, FXStreet’s Eren Sengezer reports.Next support for the pair aligns at 1.3530.“The UK’s Office for National Statistics reported that Retail Sales in December declined by 3.7% on a monthly basis. This print missed the marketContinue reading “GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.”