What’s Gold Price Next Hurdle Ahead of US NFP?

Key Highlights Gold price recovered well recently and moved above the $1200 level against the US Dollar. The next possible barrier for buyers is at $1230, and the 100-day simple moving average. There is also a monster bearish trend line with resistance at $1280 on the daily chart of Gold price vs USD. The US nonfarm payrolls will be released by the US Department o...
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GBPUSD – British Pound Attempts To Gain Momentum; US NFP Next

Key Highlights The British Pound recently traded higher against the US Dollar, and managed to break the 1.2350 resistance. There was a bearish trend line on the 4-hours chart of GBPUSD, which was acting as a resistance near 1.2350-60 and was cleared. Today in the US, the nonfarm payrolls figure will released by the US Department of Labor, which is forecasted to post ...
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EURUSD – Euro At Risk of Further Declines Vs Dollar

EURUSD – Euro At Risk of Further Declines Vs Dollar Key Highlights The Euro declined this past week against the US Dollar due to a strong NFP figure in the US. There was a crucial bullish trend line formed on the hourly chart of EURUSD, which was broken at 1.0600 for more downsides. The US nonfarm payrolls released by the US Department of Labor this past Friday po...
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USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report

USDCAD – US Dollar Bearish Vs CAD Ahead of NFP Report Key Highlights The US dollar seems to be struggling against the Canadian dollar, and may trade lower. There is a crucial bearish trend line formed on the hourly chart of USDCAD, which may act as a resistance near 1.3400-20. The US nonfarm payrolls will be released by the US Department of Labor today, and the ma...
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EURUSD – Euro May Attempt To Break Higher Vs Dollar

EURUSD – Euro May Attempt To Break Higher Vs Dollar Key Highlights The Euro traded higher during the past few hours versus the US Dollar, and moved above 1.1150. There is a major bearish trend line formed on the hourly chart of the EURUSD pair, which may act as a resistance on the upside. This past Friday, in the US, the nonfarm payrolls was released by the US Dep...
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USDCAD – US Dollar Awaits NFP Report For Break Vs CAD

Key Highlights The US Dollar is on a winning streak against the Canadian dollar, and may continue to move higher. There is a contracting triangle pattern formed on the 4-hours chart of the USDCAD pair, which may provide us the next break. Today, the all-important US nonfarm payrolls report will be released by the US Department of Labor. The forecast is slated for ...
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US Nonfarm Payrolls Day – WTI Crude Oil Price To Weaken Further?

US Nonfarm Payrolls Day – WTI Crude Oil Price To Weaken Further? Key Highlights The US Dollar traded mixed this week, as it gained against a few currencies, but at the same time fell against others. The greenback also lost some ground against commodities such as Oil and Gold, but later managed to recover. WTI Crude Oil price traded higher and managed to move above...
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AUDUSD – Aussie Dollar Trend Overwhelmingly Negative

AUDUSD – Aussie Dollar Trend Overwhelmingly Negative Key Highlights             Aussie Dollar remained under a lot of bearish pressure vs the US dollar and traded below the 0.7550 support area. There is a bearish trend line formed on the hourly chart of the AUDUSD pair, which is acting as a resistance. The Australian HIA/AiG Performance of Construction I...
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Gold Buyers Sighting US Nonfarm Payrolls For Next Move

Gold Buyers Sighting US Nonfarm Payrolls For Next Move Key Highlights             Gold prices gained vs the US Dollar recently, and traded above the $1250 level. The price also broke a major resistance area near $1260, which may now act as a support if Gold moves down from the current levels. On Friday, in the US, the nonfarm payrolls figure will be releas...
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