Market Talk
- The dollar held gains against major currencies on Friday as worries about renewed diplomatic tensions between the United States and China supported safe-haven demand for the greenback.
Tag: XAU/USD
FX Commentary – US Dollar Weak On Economic Recovery Optimism
Market Talk
- The dollar nursed broad losses on Thursday morning and riskier currencies held gains as investors looked forward to a bright recovery from the COVID-19 pandemic, shrugging off diabolical forecasts and rising Sino-U.S.
FX Commentary – Euro Held Firm On Coronavirus Relief Fund Proposal
Market Talk
- The U.S. dollar drifted lower on Tuesday, after encouraging data from the trial of a vaccine for COVID-19 reduced safe-haven demand for the greenback and sparked growing risk appetite.
FX Commentary – U.S.-China Tension Keep US Dollar Strong
Market Talk
- The dollar nursed losses against major currencies on Monday after encouraging data from the trial of a vaccine for COVID-19 reduced safe-haven demand for the greenback and gold but renewed U.S.-China
FX Trading Idea – Gold
Strategy
Look to buy Gold on dip to $1725 for a movement to $1810. Stop should be placed below $1670
Technical View
From the low of $1434 on 20 March 2020, price of gold has been on a rally to a high of $1747.15.… Read More