Gold rebounds off 2,370 support Prices penetrate short-term downtrend line But momentum oscillators look overstretched Gold prices have been in a bullish corrective mode during the week, paring/reversing some of its losses from July 24. The price has now surpassed the short-term downtrend line and the simple moving averages (SMAs), testing the 2,420 level. Over the past week, the […]
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Markets November US CPI data came in bang in line with consensus. Monthly growth of 0.3% for both the headline and the core series resulted in annual readings of respectively 2.7% (from 2.6%) and 3.3% Read more…
Daily Pivots: (S1) 0.8221; (P) 0.8236; (R1) 0.8248; More… EUR/GBP’s down trend is still in progress and intraday bias stays on the downside for 0.8201 key support. Strong support could be seen there to bring Read more…
Australian Dollar staged an impressive rebound today, driven by robust employment data that surprised markets and cast doubt on the likelihood of a February rate cut by RBA. The stronger-than-expected labor market performance challenges the Read more…