Is the dollar rally set to continue or a correction is ahead: it all depends on the Fed
Dollar bulls hold their breath, keenly awaiting Fed’s message today; the AUD/USD recovery should not be viewed as a game changer because further losses for the Aussie seem inevitable. The US dollar keeps on floating More...
Gold slumps to 8-month low on Fed monetary tightening fears
Bullion continued its losing streak on the Comex division of the NY Mercantile Exchange and silver did likewise, as a survey fueled bets the Fed may signal a rate hike on its policy meeting next week. On the New More...
Factors impacting major currencies explained: Part 2, the US Dollar
Federal Reserve (Fed) The US central bank, with complete independence regarding monetary policy, is striving towards maximum non-inflationary growth. Fed policy signals comprise mainly open market operations, discount More...
The US dollar holds up to its gains in Asia
The USD sustained its impressive rally against other major currencies in Thursday Asian trading; the commodities complex faced further losses as a result of the greenback strength. Tuesday Asian trading witnessed More...
The dollar index declines but still hovers around 14-month peak
US dollar index made a brief decline but still hovered around its 14-month peak; the reason for the USD slight correction was the poor August nonfarm payroll report. The US Labor Department report today indicated More...
Gold touches 2.5-month low suppressed by a strong US dollar
Gold broke through the long-term dynamic support provided by the symmetrical triangle it had been trading in since the very beginning of 2014; the USD outperformance curbed demand for the precious metal. Gold More...
Gold gains amid tensions in Ukraine and Middle East, against strengthening dollar and US economy
Gold gains for a second day, amid conflicts raging in Ukraine and in the Middle East; meanwhile the dollar extends its rally against the euro, on diverging monetary policy paths of the ECB and the Fed. It was a More...
EUR/USD – Pivot Points
Day Week Month R3 1.2122 1.2353 1.2570 R2 1.2070 1.2247 1.2329 R1 1.1976 1.2042 1.2042 S1 1.1886 1.1855 1.1856 S2 1.1876 1.1761 1.1640 S3 1.1855 1.1641 1.1537 Pivot points in the charts above More...
USD/JPY – Pivot Points
Day Week Month R3 121.38 122.18 135.15 R2 120.00 122.18 126.82 R1 119.43 121.38 124.13 S1 119.03 117.86 115.45 S2 118.56 117.23 110.07 S3 117.86 115.45 105.20 Pivot points in the charts above More...
GBP/USD – Pivot Points
Day Week Month R3 1.5825 1.6183 1.6415 R2 1.5764 1.6022 1.6300 R1 1.5736 1.5944 1.6185 S1 1.5603 1.5583 1.5267 S2 1.5583 1.5430 1.4820 S3 1.5430 1.5275 1.4820 Pivot points in the charts above More...
