Fort Financial Services - Forex Market Reviews

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Gold prices retreated from three week high

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately...

Gold prices remained in green

Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs...

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Gold received a minor support

The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures...

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Gold prices were neutral on Tuesday

Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200...

Oil prices dropped on Thursday

Brent pulled back a bit during the Asian hours and reversed a minor portion of its Wednesday's losses. Buyers were able to return the price to the 53.50 region where the benchmark ran through fresh offers...

Brent remained well offered

Brent remained well offered on Wednesday. Oil prices have been under intense selling pressure since Tuesday. The price was quite yesterday after the recent sell-off. Sellers pushed black gold to 55.50 dollars per barrel and held the benchmark within the level...


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Oil prices continued its decline

Brent maintained its gloomy tone on Thursday. After an Asian flat sellers...

Gold weakened after Fed officials hawkish comments

ulls gave up control on Tuesday. Bears took the ball and pushed the precious metal lower. The XAU/USD broke 1250 dollars per ounce during the early hours on Wednesday. The price continued moving...

Gold opened the week inside of a consolidation zone

A close below the support at 1250 could see XAU/USD extend its declines down to 1240. Nevertheless, the upward structure remained in place. The lower limit of the upward channel lies around 1240. Buyers may find fresh bids around the level...

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Black gold slightly declined amid the crude inventories report

The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...

Oil prices slightly grew

Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...

Gold prices remained under pressure

The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day...


Brent remained strongly bid

Sustained break above the 57.50 region is seen as minimum requirement needed to confirm bullish resumption. Once we break above the 57.50 hurdle, we think that the 58.50 level will be next. Meanwhile, we do not exclude a minor correction towards 56.50 dollars per barrel...

XAU/USD pair maintained a bullish tone

Gold weakened on Monday amid a light market as American stocks were closed due to the President's day celebration. Market players wait for further hints regarding Fed’s rate hike timing...

Gold remained around its recent peaks

Despite the overall positive outlook the yellow metal seems to be having problems with its further advance. Inability to move higher may return some selling pressure to markets. Sellers’ profit targets lie at 1230 and 1220 levels...

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Gold remained under pressure

Sellers met a barrier in the 1220 region. Bears were unable to drive the Forex pair lower and retreated giving the way to buyers. The price bounced off 1220 dollars per ounce and reversed some of its recent losses. The gold price bounced from the 50-EMA in the 4 hours chart...

Brent kept the upbeat tone unchanged

Bulls continue to control the market. We recommend placing buy orders if the benchmark stays above 55.50 dollars per barrel. The potential buyers’ target is 56.50. A failure here will indicate that our bullish expectation is wrong...

Gold prices gave up their recent gains amid the US dollar recovery

Gold stopped its winning streak and showed mild negative bias on Tuesday. The metal gave up its recent gains in the Asian session and retreated a bit towards 1230 afterwards. The 1230 handle slowed sellers' advance holding the gold spot within its region...


Gold was stronger on Thursday

Dovish Fed's remarks coupled with ongoing worries over Trump's policies kept on weighing on the US dollar. BoE's rate decision triggered some volatility in markets maintaining risk-off sentiment among traders. Focus now shifts towards the US Non-Farms payrolls...

Oil prices remained in its familiar range

Rising US production continued weighing on oil prices. Besides, a growing number of the US rigs added some downbeat tone in the commodity...

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Weaker dollar supported demand for oil

Weaker dollar supported demand for oil. However, Brent growth was limited amid a large number of supplies and bulging inventories despite OPEC’s attempts to cut output...


XAU/USD pair stays above 1210 dollars

Despite the ongoing easing the precious metal remained in green on Tuesday. The resistance 1220 dollars per ounce appeared to be a tough nut to crack. After testing the level the metal bounced back in the Asian session and returned to 1210 in the European one...

Gold turned bearish

Traders have not changed their opinion preserving upbeat tone on Monday. The demand for the metal grew amid uncertainty around Trump's proposed fiscal policy measures. A weak sentiment surrounding equity markets lent some support to the precious metal as well...

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US oil inventory draw gave a temporally support for oil prices

Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...


Oil prices were unmoved

After reaching 56.50 dollars per barrel Brent rolled back to 55.50. The benchmark started Friday in a consolidation. Brent extended its sideways trades during the European session. The “black gold” was range-bound-to lower during the day...

The gold held a bullish tone

Unclear Donald Trump's plans regarding his future economic/fiscal policies boosted gold prices towards 7-week highs...

Gold futures edged lower

Gold prices retreated below 1180 after posting fresh weekly highs at 1184 dollars per ounce. The metal stayed range-bound to lower below the current hurdle during the European hours. The price hovered above the moving averages in the 4 hours chart...


Oil prices extended their gains

Brent had a positive start to 2017. The benchmark rallied to fresh daily top on Tuesday. Oil prices gapped higher at the daily open. An Asian attempt to reclaim 57.50 dollars per barrel failed and the price returned to the opening level. European traders made another attempt to break through the hurdle...

Gold prices grew

The precious metal was able to extend its recovery yesterday amid broad based U.S. dollar retracement. Gold prices jumped on Thursday morning and reached the 1150 hurdle at the beginning of the European session. The metal failed to break through the resistance which appeared to be a hard nut to crack...

The dollar strengthened versus the yen

The dollar rebounded from its recent low at 117.00 and slowly trended upwards on Wednesday. A fresh buying interest around the greenback supported the pair sending it to fresh multi-month highs. According to the 1 hour chart the price broke the 50-EMA upwards...


  


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