Daily Forex Market Reviews

FIBO Group
Gold price is stabilizing today

The gold price is stabilizing today after suffering its biggest loss in 6 weeks yesterday on the back of strong retail sales numbers from the US...

Fort Financial Services
Gold price sharply dropped

Buyers continued to struggle with 1290. However, all their attempts faced sellers' resistance around the hurdle. The level rejected the price...

FxPro
Risk Appetite Returns

North Korea official news agency reported on Monday that leader Kim Jong Un will watch the actions of the United States for a while longer before making a decision to fire missiles at Guam...

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Fort Financial Services
Sellers continued to dominate

The euro bounced from 1.1750 and weakened to 1.1700 during the night and morning trades. The resistance resides at 1.1750, the support comes in at 1.1700...

FBS
Japanese GDP

Japan will release the first estimate of its GDP in the second quarter at 02:50 MT time on August 14. The recent economic news from Japan was rather positive. In the first three months of 2017...

Fort Financial Services
Gold prices extended their recovery

XAU/USD pushed away from 1260 and rallied towards 1270 dollars per ounce. The resistance exists at 1270, the support stands at 1260 dollars per ounce...


FxPro
US-Korean Tensions Rattle Markets

Markets were cautious on Wednesday, as safe-haven assets pushed higher after tensions grew between the US and North Korea. Markets are concerned...

FBS
Traders need to watch American CPI

CPI stands for Consumer Inflation Index and changes in this index correspond to the level of consumer inflation. Higher inflation creates the reason...

HotForex
Oil prices are holding above USD 49

Yesterday there was a relatively dovish view from the nonvoting president, Fed Bullard, who continues to twist between a hawkish...

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FIBO Group
Gold down on jobs report

The gold price remains under pressure today following on from last Friday’s losses after the release of solid employment numbers from the US...

HotForex
Dollar majors playing narrow ranges

EUR-USD held in the upper 1.18s, below the 31-month high logged midweek at 1.1910, and Cable settled in the mid 1.31s, consolidating the sharp losses...

FBS
NFP and US labor market data

The first Friday of a month is when the US Labor Department releases an update for nonfarm payrolls (NFP), unemployment rate and average hourly earnings...


FxPro
Global Manufacturing Grows

Recent data releases have shown that global manufacturing saw an increase in July, further confirming global economic momentum has carried into H2...

FIBO Group
Gold technical review

As we noted in last Friday’s report the gold price would make a charge for the next resistance level of is $1,265 which it has comfortably broken over the last 2 trading session and has now...

Fort Financial Services
Gold prices turned around

Gold prices turned around when the spot reached 1265. Sellers drove the price to 1255 where they lost momentum. The precious metal returned to 1265...

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Cms Trader
Dollar slips lower vs. rivals

The dollar slipped lower against other major counterparts on Friday, as recent comments by the Federal Reserve continued to weigh and as investors...

FIBO Group
Gold price is facing headwinds

Overall gold has made some solid gains over the past 2 weeks on the back of US dollar weakness and although the precious metal has been under pressure...

HotForex
UK100 is at 0.62% gain for the day

UK preliminary Q2 GDP came on the nose at 0.3% q/q and 1.7% y/y, up from Q1’s 0.2% in the case of the q/q figure and down from Q1’s 2.0% y/y...


FIBO Group
RBA wants Australian dollar lower

The Australian dollar continues to push towards the US80c mark in today trading session, brushing off remarks by the Reserve Bank of Australia...

HotForex
The economic week ahead

Both the ECB and BoJ met expectations as each left policy unchanged last week, though the outlook for ECB remains under the dark cloud of future QE tapering...

FIBO Group
Gold awaits ECB

The gold price is under pressure today as the market awaits the latest interest rate decision from the European central bank followed by a monetary press conference.


FIBO Group
Pound has reached a peak

The British pound is under further pressure today after yesterday’s disappointing inflation figures which has now seemingly taken an interest rate hike...

FxPro
All Eyes on Central Banks

Markets were, for the most part, little changed on Wednesday as traders waited for today’s Bank of Japan and ECB rate decisions. Earlier today...

FxPro
Dollar Bears

UK Consumer Price Index (CPI) data was released on Tuesday showing inflation easing for the first time in nearly 10 months, retreating from the near 4-year high touched in May...


FIBO Group
Gold technical review

The gold price is trading higher for a 3rd straight day in today’s trading session and has clearly broken through what was formerly a strong resistance level as we can see by the lower line....

FXTM
AUD traders bet on RBA minutes

The Australian dollar has surged in Monday trading as it looked to push through a key level of resistance at 0.7833, this is a bit of a surprise...

FxPro
More Record Highs for Equities?

Early indications from Asia this morning are pointing towards a strong day for global equities, continuing the momentum from last week...


Yellen's Testimony, BoC Interest Rate Hike, Big Bank Reports

Hawkish or Dovish, well today we have retrospective examples of its effect on the sentiment for a currency. In one case Yellen’s indication that national debt should be capped and that monetary policy should be gradual...

Fort Financial Services
Gold bounced off 1210 and rallied to 1220

The spot remained in a downward channel and just approached its upper boundary. The level rejected the price in the late European session...

FIBO Group
Time to buy gold

The gold price is heading down towards the $1,200 mark in today’s trading and some analysts are saying now is the time to get into the precious metal. The price has now fallen around $100 over...


  


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