Gold Price Daily Chart Suggest Support Formation

Gold Price Daily Chart Suggest Support Formation Key Highlights There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area. The price recently traded a few points below the $1160 level before starting a consolidation. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
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EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment

EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment Key Highlights The Euro was seen trading higher this past week, and moved above the 1.1050 resistance against the US Dollar. There was a crucial bearish trend line on the 4-hours chart of EURUSD, which was broken near 1.1050 to clear the path for more gains. Today, the Euro Zone Retail Sales report wil...
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USDCHF – Dollar Awaits NFP Report For Possible Recovery

USDCHF – Dollar Awaits NFP Report For Possible Recovery Key Highlights The US Dollar declined heavily this week against the Swiss Franc, and traded below 0.9800. The USDCHF pair also broke a couple of important bullish trend lines on the 4-hours chart to initiate a downside move below 0.9800. Today in the US, the nonfarm payrolls will be released by the US Departm...
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Can Gold Price Continue Higher Versus US Dollar?

Key Highlights The yellow metal recently managed to gain traction against the US Dollar, as the price moved higher. Gold price moved above the $1320 resistance this week, but may be approaching a major resistance. The fed interest rate decision somehow proved anti-dollar and pushed gold prices higher. Today, the preliminary US Manufacturing Purchasing Managers Ind...
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USDCAD Likely To Be Volatile Ahead Of Canadian Jobs Report

USDCAD Likely To Be Volatile Ahead Of Canadian Jobs Report Key Highlights             US Dollar continued to remain in an uptrend against the Canadian dollar and may continue to trade higher. There were nasty spikes noted in the USDCAD pair Intraday after the ECB decided to cut the deposit rates by -0.10%. Canadian employment Change report will be released...
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GOLD – Is this a Real Break?

Key Highlights GOLD rocketed higher recently, and cleared a lot of hurdles to move upside. There was weakness noted in the US dollar, which helped GOLD to trade higher in the near term. Chinese Caixin China Services PMI™, released by Markit Economics declined from 47.8 to 47.1 in August 2015, which was lower compared with the forecast. In Japan, the Nomura/JMMA Manu...
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GOLD Setting Up For Major Break

Key Highlights GOLD price after declining sharply towards $1080-70 managed to hold ground and currently making an attempt to trade higher. In the US, the Economic Optimism Index, released by The Investor's Business Daily (IBD) TechnoMetrica Institute of Policy and Politics (TIPP) posted a decline from 48.1 to 46.9 in August 2015. US Factory orders released by the US Cen...
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GOLD Could Make a Move Lower

Key Highlights GOLD continued to struggle and following a nice bearish trend on the 4-hours timeframe. Canadian Employment Change data released by the Statistics Canada will be one the most important releases today during the NY session. Australian Home Loans released by the Australian Bureau of Statistics declined by 6.1% in May 2015, compared with the forecast of -3.5...
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US Retail Sales Miss Pushes GOLD Higher

Key Highlights US Dollar traded lower after the US Retail Sales report came below the forecast. US Retail Sales released by the US Census Bureau posted no change in April 2015, compared to the forecast of a 0.2% increase. US Core Retail Sales increased by 0.1% in April, compared to the preceding month. US Retail Sales The US Retail Sales report, which measures th...
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