Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the 2,079.19 record high. The short-term technical indicators are bearish and point to more weakness in the Read more…
Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the 2,079.19 record high. The short-term technical indicators are bearish and point to more weakness in the Read more…
Gold remains under pressure and risk is still to the downside as prices continue to drift lower from the 2,079.19 record high. The short-term technical indicators are bearish and point to more weakness in the Read more…
Germany Ifo Business Climate dropped from 93.4 to 91.7 in may, below expectation of 93.4. This also marked the first decline in the index after six increases in a row. Current Assessment Index dropped from Read more…
Daily Pivots: (S1) 0.6591; (P) 0.6626; (R1) 0.6646; More… Intraday bias in AUD/USD is back on the downside with break of 0.6604 temporary lo, to 0.6563. Decisive break there will resume larger decline from 0.7156 Read more…
Daily Pivots: (S1) 1.2376; (P) 1.2412; (R1) 1.2450; More… Intraday bias in GBP/USD is turned neutral with current recovery. Another fall is expected as long as 1.2483 resistance holds. Break of 1.2371, and sustained trading Read more…
Key Highlights AUD/USD is showing bearish signs below the 0.6660 resistance. It traded below a contracting triangle with support near 0.6610 on the 4-hour chart. EUR/USD could extend losses below the 1.0750 level. GBP/USD might Read more…