Fort Financial Services - Forex Market Analysiss

Fort Financial Services
Brent maintained its ask tone

Sellers continued driving the benchmark lower after a brief pause at 50.80 dollars per barrel...

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Gold prices remained in green

The bullish market structure remained in place on Thursday...

Gold prices traded in green

The gold recovery stalled around 1235 dollars per ounce on Monday. Buyers did not find any reason to move the price further. The precious metal was slowly declining...

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Brent found a solid support after two day decline

Oil prices slightly rose on Friday morning due to the dollar's retreatment. However, Brent further growth was limited on the news that Russian oil production for February did change comparing to January...

Gold prices slightly fell

Gold prices retreated from fresh highs and spent the day in a consolidation. Sellers drove the spot to 1250 where the precious metal stayed in a tight range during the European session...

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Oil prices recovered back

Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...


Gold reached three-month highs

Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...

The euro is under pressure amid growing concerns

The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

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EURUSD is having difficulties to go any higher

The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

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Brent remained rather unchanged

There seems to be little drive for any real direction now. Brent remained rather unchanged on Thursday staying in a tight range above 55.50 dollars per barrel. The Asian upward impetus lost it legs when European markets opened...

U.S. dollar remained near its fresh highs

After touching the level 1.0550 the euro bounced off and was able to reverse a minor part of its losses. The overnight’s recovery attempt stalled just under 1.0600 barrier. The pair came under renewed selling pressure and slipped into negative territory in the late Asian session...

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Brent oil prices gapped higher at the daily open

Brent oil prices gapped higher at the daily open. Sellers closed the gap in the night and returned the price to 55.50 where a fresh buying interested pushed the benchmark upwards...


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US dollar kept getting stronger

As the most probable scenario, we consider further moving downwards towards the level at 1.0600. A close below the mentioned support could additional weakness towards 1.0550...

Gold spot found fresh bids around 1230

Political instability in the EU ahead of the French elections, and uncertainty over the US President political actions boosted the demand for the yellow metal. Moreover, fading expectations of Fed rate-hike action in the near-term weighed on US Treasury bond yields supporting the precious metal...

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Gold prices retreated further

The upmove lacked momentum after posting a weekly high at 1220 dollars per ounce. The price retreated below the level where fresh offers pushed the rate lower. The precious metal eased more overnight and had approached 1210 by the European session opening...

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Gold moved lower

Gold moved lower on Wednesday retreating from its recent highs. The price touched the support 1210 in the late Asian trades and stayed around the level afterwards. A downward impetus emerged ahead of the NY opening...

Gold remained under pressure

Gold remained under pressure on Friday. The metal reached the lowest level since Jan. 11 and stopped. The US treasury bond yields growth boosted the US Dollar's recovery weighing on the dollar-denominated commodities - like gold...

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The pound kept its upbeat tone unchanged

There were no major economic releases in the UK on Thursday. Donald Trump failed to give investors details on his future economic policy. The traders' disappointment triggered a sharp dollar sell-off which helped the pound to reverse some ground...


Oil prices strengthened after Crude inventories fell

The market remains in bulls' hands. Brent strengthened further reaching fresh multi-month highs ion Friday. Buyers extended their upward trajectory towards 57.50 in the Asian session. Market participants failed to move the benchmark higher. The level rejected the price which slightly rolled back post-European opening...

Gold presumed its recovery on

MACD remained at the same level which confirms the strength of buyers. RSI indicator remained within undervalued territory...

Oil prices remained under pressure

Brent managed to reverse a small portion of its recent losses in the Asian session on Wednesday. Bulls, however, met a barrier at 56.13 region which rejected prices downwards in the European session...


Gold recovery stalled around 1160

Gold recovery stalled around 1160. The metal lost its upside momentum amid renewed greenback buying interest. After a brief consolidation phase in the early Europe the price left three weeks highs and slowly headed south. According to the 4 hours chart the yellow metal broke the 50 and the 100-EMAs upwards...

Oil prices remained steady

Brent oil prices reversed all the overnight sell-off on Thursday. After a sharp drop to 55.90 the price returned to 56.50 dollars per barrel post-Europe open. The current hurdle stopped the benchmark which flirted with the level ahead of the NY session...

Gold remained under pressure versus the U.S dollar

Gold traded above the 1140 level on Wednesday morning. Buyers, however, failed to keep control over the market which turned negative in the European session. Sellers drove the pair downwards through 1140 and stopped at the mark 1136 dollars per ounce...


The dollar strengthened

The pair maintained a neutral stance trading around Friday's closing levels on Tuesday. The euro struggled around 1.0450 during the day. The 4 hours chart showed that the price tested the 50-EMA. All moving averages maintained their bearish slope...

Gold prices posted some gains

Some fresh bids helped the metal to retake 1130 level. The XAU/USD pair extended its recovery amid renewed weakness seen in the dollar. The price tested the 50-EMA in the 1 hour chart...

Gold remains bearish overall

Gold remains bearish overall, with bias at the downside. The yellow metal showed little movement on Thursday and stayed in a narrow range between 1130 and 1135 dollars per ounce. According to the 1 hour chart the prices touched and bounced off the 50-EMA...


Brent oil prices retreated from the recent lows

A brief consolidative phase is over. After booking some profit and reaching 55.50 dollars per barrel oil prices reversed their direction and moved downwards. Sellers are gaining more overall control pushing the benchmark towards 54.50...

Gold weakened on the back of a dollar

Gold prices remained in a descending channel. Gold traded lower and touched the lower limit of the downward channel on Friday. The level 1160 dollars per ounce appeared to be a tough nut to break. The level rejected prices three times before...

Gold prices struggled for a direction

MACD was in the negative territory. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI was in a neutral area...


  


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