Forex

Gold rejects 1190 handle, no yields - no buyers Jose Ricaurte Jaen

19:46 11 January /2017 Forex

After a boring presser, Gold breaks down towards the 1180/70 range as bulls couldn't figure any valuable hints to add long positions during Trump's neutral broadcast. No Yields; Gold bulls missed in actionNenad Kerkez, Analyst and Full-Time Trader at Admiral Markets, shared his views on why Gold may continue under pressure, "As the US Fed normalize rates this year, it is likely to steer Investors away from speculative investments like Gold to Fixed Income as it offers a yield.  I expect further weakness in Gold in the coming year, however, should we experience unexpected rapid inflation, then I can see Investors flocking to Gold in such an environment."Gold Technical LevelsTo the upside, the metal failed to conquer on the 1190 handle, which becomes immediate resistance in the short-term. To the downside, 1170/60 level seemed of interest to buyers during previous trading sessions. goldAUD/USD soars: bulls trying to dig heels on to the 0.74 handle during Trump presser

to other news

all news
AUD: Watching wages - Rabobank Sandeep Kanihama

For many developed economies, the most important data release at present refers to wage inflation and in Australia the key Q4 wage price index is due for release tomorrow, points out Jane Foley, FX Strategist at Rabobank.Key Quotes“Several major central banks, including the Fed and

13:46 20 February /2018 Forex

EUR/USD depressed around 1.2340, ignores mixed ZEW Pablo Piovano

The offered note stays the same around the single currency on Tuesday and is now forcing EUR/USD to move further south to fresh session lows in the 1.2340  region.EUR/USD offered on ZEW, looks to ECBSpot keeps

13:46 20 February /2018 Forex

EUR/USD still very much on corrective mode - SocGen Sandeep Kanihama

EUR/USD, having failed to break to new highs last week, is still very much on corrective mode, suggests Kit Juckes, Research Analyst at Societe Generale.Key Quotes“Broadly, 1.22-1.26 is now a neutral zone and a test of something near 1.22 seems qu

13:46 20 February /2018 Forex