When gold rises, usually it is because of a weaker dollar. Although the Dollar Index did pull back a little today, it was still comfortably above the low of 94.60ish it hit earlier this month. Yet, gold not only surged to a fresh high on the year it also reached its best level since November. […]
The post Gold Jumps on Inflation Worries appeared first on Action Forex.
The Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic Read more…
EURGBP gets rejected near SMAs; technical signals are negative There might be an opportunity for a rebound near 0.8300 Eurozone publishes CPI inflation data at 10:00 GMT EURGBP experienced another failure near its 20- and 50-day simple Read more…
USDCAD posts losses after 4½-year high RSI and stochastics confirm negative move USDCAD is moving lower after the bullish spike to the fresh four-and-a-half-year high of 1.4176, falling beneath the 1.4000 round number. The market Read more…