In the trading on Thursday, August 6, the pound is rising versus the greenback, manufacturing production in the UK picked up in June as expected. The pair pound/dollar is at 1.5602 climbing 0.01%. The immediate level of support is seen at 1.5523 (a low of Wednesday), the level of resistance is at...
The market has started to feel its bottom. The immediate level of support is seen at $1083 a troy ounce with a level of resistance at $1095 and further at $1098. In a 4-hour timeframe the oscillator RSI displays an uptrend but the main tendency is still descending. As for sells we wait for the mo...
At the end of Wednesday trading EUR/USD formed an unsteady bullish candle, today it remains within the level of support at 1.0875 and resistance at 1.0972. Trades have a mild bullish tone, however MACD is still below its central line and Stochastic will soon enter the zone of overbought. Moreover...
Oil prices have been rising for the second day in a row, although a strong dollar stunts its further growth. Brent oil futures with the delivery in September gained 43 cents to $50.42 a barrel, the upsurge at the previous session was 1% to $49.99. On Monday, August 3, it hit a 6-month low. In Jul...
In the trading on Wednesday, August 5, the US dollar reached a 3-month high versus the basket of major currencies. The support of the interest rate increase by the Fed members contributed to the currency rise. The dollar index surged 0.1% to 98.096 in the Asian trading. The euro has dropped to a ...
At the end of Asian tradings today the kiwi keeps sliding against the US dollar, however, the bearish market potential gradually weakens. In a 4-hour timeframe some oscillators, in particular Stochastic being in an oversold zone and the RSI start giving slight signs of trend change typical of thi...
On Wednesday the currency pair demonstrates a downward trend with the support at 1.5513 and resistance at 1.5612. In a 4-hour timeframe the oscillator Stochastic displays signs of oversold which implies that the initiative will move from bears to bulls, thus investors have a chance to buy at a lo...
Gold price has slightly gained in the tradings on Tuesday, August 4, remaining on a 5-year low. Gold futures with the delivery in December reached $1,093.30 a troy ounce on the New York Mercantile Exchange advancing $3.90 or 0.36%. A day before gold edged down to $5.70 or 0.52% closing trades at ...
On Tuesday the British pound dropped versus the US dollar after an unexpected slowdown in the construction sector in the UK last month. The decline was caused by weak activity in housebuilding and civil engineering. As a result the pair pound/dollar shed from 1.5604 to 1.5588. A construction PMI ...
There was no doubt in the security of the U.S.Treasury bonds issued to discharge the debt of the country. Investment in treasury bonds seemed almost an equivalent of risk-free assets. However, the recent events in the USA brought into question this truth. For a long time Congressmen couldn’t come
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Today, on August 4, the NZ dollar jumped against the greenback. Low manufacturing data from the USA put pressure on the buck. The pair kiwi/US dollar reached 0.6599, later consolidated at 0.6598, gaining 0.52%. The immediate level of support is seen at 0.6531 (a low of July 31), the level of resi...
Tuesday trades of the currency pair have a slightly bearish tone in the short run. The price is within the immediate support and resistance at 123.80 and 124.34. The oscillator Stochastic and MACD demonstrate a downward trend but the latter is above its central line, consequently, we can expect t...
In the Asian tradings on Tuesday the Aussie continued its downward trend against the US dollar and renewed support to 0.7262 streaming back from which it moved to resistance at 0.7413. In a 4-hour timeframe the oscillator Stochastic has an uptrend, but MACD remains below its central line. It mean...
Forex News from New Forex: The euro plummeted after the opening of the Greek stock market In the trading on Monday, August 3, the euro tumbled after the opening of the Greek stock market. The Greek stock market was closed during 5 weeks due to the capital control established to protect the country
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In the trading on Monday there is a slight advance of bulls in spite of the attempts of bears trying to push the market below the level of support at 0.9564 but up to now with no success. The oscillator MACD has a downward trend, however, it’s above its central line which adds some intrigue to an
After an intense rise and fall on Friday today the currency pair is traded steadily within the support at 1.0940 and resistance at 1.1055. In a 4-hour timeframe it is seen that the market has a slight bullish tone, however, a general trend is clearly descending as the market drew a falling star o...