| Updated: November 9, 2023
The precious metal gold is trying to violate the symmetric triangle pattern and gain support at 1,919 level. Overall, the trading bias seems bearish as the dollar is getting stronger amid a positive NFP report from the last week. Checkout the gold price forecast to learn more about the trade setup.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Euro close to session lows versus the US dollar The euro slid to session lows against the US dollar on Tuesday as wariness dominated investor decisions ahead of Thursdays meeting of the European Central Bank and the highly anticipated US non-farm payrolls report on Friday.EUR/USD fell […]
Grain futures mixed, wheat falls on favorable weather outlook Grain futures were mixed on Monday with corn slightly advancing, while soybeans and wheat posted a moderate decline as mostly favorable conditions in the U.S. and South America supported the crop outlook.On the Chicago Board of Trade, […]
Commodities trading outlook: gold futures steady, copper falls on dim demand outlook Gold was steady around $1 200 on Wednesday, supported by a rebound in oil prices, but a strong dollar kept gains checked. Copper fell as worries over demand from top consumer China failed to spur bargain hunting even though prices slid to […]
RWE AG posts a 2.76-billion-euro full-year loss for 2013 due to decreasing power prices RWE AG, which currently is the largest power generator in Germany, posted its first full-year loss since the Federal Republic of Germany was founded 65 years ago due to billion-euro writedowns as a consequence to the decreasing power prices. […]
AUD/USD higher ahead of Federal Reserve policy meeting Australian dollar gained ground against the greenback ahead of the Federal Reserve Banks two-day meeting on policy, at which the central bank will probably maintain the monthly pace of its monetary stimulus, that tends to debase the US […]
Forex Market: USD/CAD daily forecast During yesterday’s trading session USD/CAD traded within the range of 1.0836-1.0882 and closed at 1.0850.At 11:59 GMT today USD/CAD was gaining 0.18% for the day to trade at 1.0863. The pair touched a daily high at 1.0863 at 11:48 […]