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08 May BirthWe are a user-friendly platform that gives signals on various commodities.
United States 08 May Birth
EUR/USD drops toward 1.1850, extending the correction
The EUR/USD reversed after approaching 1.1900 and recently reached a two-day low at 1.1854 as the US dollar strengthened across the board. The DXY turned positive as US stocks trimmed gains. The greenback gained momentum and recovered ground while at the same time the euro printed fresh monthly lows
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COVID-19 jitters assisted gold to gain some positive traction on Wednesday
Gold traded with a mild positive bias through the early European session, albeit lacked any follow-through and was last seen hovering around the $1,733-35 region. The XAU/USD, so far, has struggled to capitalize on Monday's rebound from the flash crash to the lowest level since late March and has be
AUD/USD is posting small daily gains ahead of American session
The AUD/USD pair dropped to its lowest level in nearly two weeks at 0.7316 on Tuesday but managed to stage a modest rebound ahead of the American session. As of writing, the pair was up 0.14% on the day at 0.7342. Earlier in the day, the data from Australia revealed that the National Australia Bank'
USD/CAD witnessed a modest pullback from near two-week tops touched earlier this Tuesday
The USD/CAD pair edged lower heading into the European session and dropped to fresh daily lows, around the 1.2565-60 region in the last hour. The pair struggle to capitalize on its recent positive move beyond the very important 200-day SMA and witnessed a modest pullback from two-week tops, around t
USD/CHF gained strong follow-through positive traction
The USD/CHF pair maintained its bid tone through the early North American session and was last seen hovering near two-week tops, around the 0.9165-70 region. The pair added to its post-NFP strong positive move and gained some follow-through traction for the second consecutive session on Monday. The
USD/JPY witnessed some profit-taking on Monday
The USD/JPY pair edged lower through the early European session and dropped to fresh daily lows, around the 110.10 region in the last hour, albeit lacked follow-through. A combination of factors failed to assist the USD/JPY pair to capitalize on the post-NFP positive move to near two-week tops, inst
US dollar prints fresh highs near the end of the week
The EUR/USD dropped further and bottomed at 1.1754, the lowest level in two weeks. The pair is testing the 1.1750/55 area, key support that capped the downside several times in July. The slide is being driven by a rally of the US dollar across the board. The DXY is up by 0.60% having the best day in
NZD/USD edged lower on Friday
The NZD/USD pair maintained its offered tone through the early European session and was last seen hovering near the lower end of its daily trading range, just below mid-0.7000s. The pair witnessed some selling on the last day of the week and for now, seems to have snapped four consecutive sessions o
EUR/USD gained some positive traction on Thursday
The EUR/USD pair quickly retreated around 15-20 pips from daily tops touched in the last hour and was last seen hovering near the lower end of its intraday trading range, just below mid-1.1800s. Following the previous day's sharp rejection slide from the 1.1900 mark, the EUR/USD pair gained some pos
GBP/USD is attempting a bounce above as the US dollar eases
GBP/USD is picking up fresh bids on 1.3900, as bulls are trying a last dance ahead of the all-important Bank of England (BOE) monetary policy decision. The BOE is expected to publish new economic forecasts, although the vote composition on the bond-buying program will hold the key for fresh directio
GBP/USD gained some follow-through traction
The GBP/USD pair maintained its bid tone through the first half of the European session and was last seen trading near-weekly tops, just below mid-1.3900s. The pair built on the previous day's rebound from the 1.3875 support area and gained some follow-through traction for the second consecutive ses
GBP/USD struggled to capitalize on its intraday positive move
The GBP/USD pair retreated nearly 50 pips from daily swing lows and has slipped below the 1.3900 mark, back closer to the lower end of its daily trading range during the early North American session. A turnaround in the global equity markets drove some haven flows and assisted the US dollar to rever
AUD/USD stands out by trading near 0.74, a substantial gain
On Tuesday, AUD/USD stands out by trading near 0.74, a substantial gain. The Aussie is underpinned by the Reserve Bank of Australia's decision to go ahead with tapering its bond buys. Economists at Westpac expect the pair to hit the 0.7450 level. The RBA appears to be looking through the current del
Silver witnessed some selling on Monday
Silver traded with a mild negative bias through the early North American session and was last seen hovering near the lower end of its intraday trading range, around the $25.40-35 region. Looking at the technical picture, the XAG/USD, for now, seems to have stalled the recent bounce from mid-$24.00s,
Pull-up Update
