EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.
Daily Market Analysis
NZD/USD has returned above the 50-week MA at 0…
Nikkei 225 has sharply dropped after the hawkish surprise from the Federal Reserve.
The amount of problems caused by the coronavirus pandemic is huge…
The Federal Reserve kept the current policy as widely expected. However, the surprise came from the Dot Plot.
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.
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
Gold prices tumbled during the first trading day of the week declining to as low as 1844 USD/Oz. However, it was able to trim these losses and closed the day around 1866 USD/Oz.
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.
Gold price failed to break above $1900 last week and slid down. Read the article to see the technical outlook for the price!
Gold managed to rally yesterday on the back of the US inflation data which posted the highest reading since the 2008 financial crisis,