#XAU/USD# GOLD - I am expecting the price to continue in the upside, Momentum is in the side of bulls. Buy here at current price 1961 for a potential upside till 1972 -1977 Maintain Stop loss around 1955 Follow the levels properly as mentioned and use proper risk management. Trader
Dollar trades broadly lower today but there seems to be no clear unified theme in the financial markets. Stocks are in risk-on mode, lifting the Australian Dollar. But Yen is also generally higher despite some mild recovery in treasury yields. Sterling’s recovery is understandable as it’s digesting
EUR/USD trades in the red near 1.1820 at press time versus 1.1856 in early Asia. China's service sector PMI bettered estimates by a big margin. Asian stocks cheer signs of continued recovery in China but fail to inspire USD bears. EUR/USD remains depressed on Thursday with dollar bears sitting o
#EUR/CAD# EURCAD . taking a good look at this pair . price would react at the 50% fib retracement <1.57100 and continues bearish on the larger time frame it is overall bearish and at 1.56030 there are clean lows which need to be eradicated . before price continues bearish .
#EUR/USD# Overall, EUR/USD is trending upwards. The eurozone Flash Employment Change q/q and Flash GDP q/q data will be released later at 1700 (SGT). Flash Employment Change q/q (Forecast: TBA, Previous: -0.2%) Flash GDP q/q (Forecast: -12.1%, Previous: -12.1%) EUR/USD support
EUR/JPY is extending the weekly choppiness below 124.00. The key support area around 122.90 holds the downside so far. EUR/JPY is prolonging the erratic performance so far this week, always below the key barrier at 124.00 the figure and above the key support region around 122.90 (where sits the Jan
The Australian stock market is advancing on Tuesday following the overnight gains on Wall Street amid optimism about additional fiscal stimulus in the U.S. and on upbeat economic data. In addition, higher commodity prices lifted resources stocks. The benchmark S&P/ASX 200 Index is rising 51.30 p
Gold prices have crossed above JPY 200,000 for the first time since 1980. At press time, XAU/JPY is trading at 200,900, having hit a high of 202,852 on Thursday. Prices are up 3.6% on a week-to-date basis and nearly 22% on a year-to-date basis. Japanese Yen gold prices came within 1.2% of January 1
The S&P 500 SPX gained 18.78 points, or 0.58%, to 3,276.08. Nasdaq added 25.76 points, or 0.24%, to 10,706.13. Dow Jones Industrial Average DJI rose 165.26 points, or 0.62%, to 27,005.66. US benchmarks ended the session higher on Wednesday and in the case of the S&P 500, it is on course to
In opinion of FX Strategists at UOB Group, Cable could now move into a consolidation phase. Key Quotes 24-hour view: “While we noted yesterday that ‘upward momentum has waned’, we were of the view that ‘it is too early to expect a major pullback’. We expected GBP to ‘consolidate and trade between 1.
USD/JPY gradually extends five-day winning streak, seesaws near the highest levels since June 09. Japan’s quarterly Tankan report portrays the virus woes amid upbeat Capex data. The rise in the US coronavirus cases, Sino-American tussle probe the previous risk-on mood. Japan’s Jibun Bank Manufacturi
Indian shares are likely to open higher on Friday on the back of positive global cues. Banks could be in focus after Finance Minister Nirmala Sitharaman said the government is in active discussion with the Reserve Bank of India to offer a one-time loan restructuring plan to companies for them to sur