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Summary: Record declines in gold have coincided with sell-offs in the Australian Dollar. Yet correlations may be misleading. We look at fundamental drivers and gold price...
ASIA/EUROPE FOREX NEWS WRAP Risk appetite is on the mend on Tuesday, with the SP 500 moving rebounding higher overnight in futures, following higher the commodity...
Pivot: 1360.00 Our preference: LONG positions above 1360 with targets @ 1413 1458. Alternative scenario: The downside breakout of 1360 will open the way to 1322...
Pivot: 147.6 Our preference: Long positions above 147.6 with targets @ 149.75 150.55 in extension. Alternative scenario: Below 147.6 look for further downside with 146.3 145.85...
Pivot: 98.25 Our preference: Short positions below 98.25 with targets @ 95.4 94.35 in extension. Alternative scenario: Above 98.25 look for further upside with 99.1 100...
Pivot: 0.9335 Our preference: Short positions below 0.9335 with targets @ 0.926 0.923 in extension. Alternative scenario: Above 0.9335 look for further upside with 0.9365 0.939...
THE TAKEAWAY: The US Dollar is locked in a choppy consolidation range despite sharp downward breakouts in gold and crude oil prices as well as the...
Pivot: 1.0215 Our preference: Long positions above 1.0215 with targets @ 1.026 1.028 in extension. Alternative scenario: Below 1.0215 look for further downside with 1.0185 1.015...
Pivot: 24.35 Our preference: SHORT positions below 24.35 with targets @ 22.36 21.7. Alternative scenario: The upside breakout of 24.35 will open the way to 24.85...
Daily Bars Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0 Are you new to FX or curious about your trading IQ? FOREXAnalysis: The GBPUSD hasn’t...