| 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.
Forex Market: GBP/USD remains supported above 1.2300 but upside seen limited by Brexit uncertainty, other risks GBP/USD maintained ground above the 1.2300 mark during late European trade on Friday, mostly on weaker US Dollar, while risks such as Brexit uncertainty, rising debt, sluggish recovery and negative interest rates continued to weigh on […]
Forex Market: EUR/USD daily forecast During yesterday’s trading session EUR/USD traded within the range of 1.3513-1.3540 and closed at 1.3519.At 6:22 GMT today EUR/USD was losing 0.03% for the day to trade at 1.3522. The pair touched a daily low at 1.3516 at 00:00 […]
USD/INR: Rupee gains but hits established resistance level Key pointsUSD/INR still supported in the area around 81.9000
Fed Chair Powell's testimony delivers no surprises to markets
GBP/INR traders now await the outcome of BoE's policy meetingIndia's Rupee was holding gains […]
Forex Market: AUD/USD registers a two-week low on sharp drop in oil prices, Fed Chair Powell’s Congressional testimony now eyed AUD/USD retreated to a two-week low on Tuesday, as the US Dollar rose ahead of Fed Chair Powell's testimony later in the day while the Aussie took a hit from a steep drop in oil prices.The black liquid retreated over 3% on Tuesday due […]
Oil lower on Tuesday ahead of QE outlook Oil marked losses in the early European session on Tuesday. Investors remain cautious ahead of Ben Bernankes statement on Wednesday regarding the future direction of Feds Quantitative Easing. Geopolitical unrest in Syria is still spurring […]
Starbucks shares close lower for a sixth straight session on Thursday, company faces criticism regarding its latest hiring decision Starbucks Corporations plan to hire refugees, which the company announced last Sunday, has recently been criticized on social networks by some of its clients. Individuals were reported to have used #BoycottStarbucks in order to influence […]