Fundamental Overview We had a wave of profit-taking yesterday on gold and other precious metals that wasn’t triggered by any clear catalyst. Maybe silver making …
Category: Technical Analysis
Gold’s rally has been relentless, surging above the $4,000 mark and reaching as high as $4,059.31. The price came close to that peak twice this …
The AUDUSD has seen a volatile, back-and-forth session, but in the last several hours the downside has taken control. The selling pressure pushed the pair …
The GBPUSD has moved below a swing area floor between 1.3321 to 1.3341. That area found support earlier today, but remained a key area for …
The USDCAD had been trading within a 40 trading range going back to last Friday. That range was from 1.3931 to 1.3971. That is just …
The EURUSD is pressing to fresh lows, breaking beneath a swing area between 1.1581 and 1.1596 and pushing through the 61.8% retracement of the August …
The NZDUSD fell sharply yesterday after the RBNZ delivered a 50-basis point rate cut. While markets had considered that possibility, the size of the cut …
Yesterday in the USDCAD, traders tried to stretch the market out of its narrow box—but both attempts failed. First, the pair extended its 30-pip range …
Spot silver has stretched to the $50 level for the 1st time ever. The high price of just traded at $50.03. It is currently trading …
The USD is mixed to start the North American session. There is no give in the Senate vote to reopen the US government. As a …