Everyone is interested in trading gold (XAU/USD). The meeting of the Federal Reserve at 21:00 MT time (GMT+3) will certainly drive the price.
Daily Market Analysis
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
USD/CAD mas managed to leave the range. The pair is now targeting higher levels.
Read the article to discover the key level for EUR/USD and make an informed trade decision.
Two days ago, we sent out a new short trade on EUR/USD at 1.2180 in addition to a pending order to short again at 1.2205.
The Bank of Canada decided to keep the current policy unchanged as widely expected. However, the bank did not mention anything about tapering again in July.
EUR/USD managed to recover some of its last week’s decline, rising for the 2nd day in a row (Friday & Monday). However, such upside momentum is unlikely to continue.
Gold price formed a bearish harmonic ‘Butterfly’ pattern. Still, the detour to $1760 may be the decline it forecasts. In addition, even the pattern allows expecting the increase up to $1780.
The US dollar may find itself under additional pressure in the near term. What is the best way to trade on a weaker USD? Have a look at USD/JPY.
In this article, you'll find answers to major questions about the USD. Why is it rising? When will its dominance end?
Time to case-test a triangle chart formation with NZD/USD
AUD/USD formed an inverted "Head and Shoulders’ and is targeting 0.7815, 0.7840, and 0.7860.