Comments by the Kremlin – Global oil output cuts deal helps to support stable situation in the market – Says Putin, Trump did not raise the issue of lifting sanctions during phone calls ForexLive
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Spain reports lowest daily coronavirus case rise since 20 March
Spain sees 3,477 new coronavirus cases in the past 24 hours ForexLive The latest update sees the daily increase at its lowest figure since 20 March, with the total now sitting at 169,496 confirmed cases. Another 517 deaths were reported over the past 24 hours, bringing the total to 17,489 persons.
UBS raises gold forecast to $1,800 as Fed "throws everything and the kitchen sink"
UBS raises gold forecast after the Fed announcement last week ForexLive The firm has raised its gold forecast to $1,800 across its outlook horizon, up from $1,700 at the end of Q2 and the end of Q3, and up from $1,650 at the end of Q4; pointing to the Fed announcement last week as the […]
AUDUSD trades to a new session high
Highest level since March 12 The AUDUSD is trading to a new day high and in the process is trading at the highest level since March 12. The high price reached 0.6388.
Oil continues to trade in a narrowing range – watch the chart
WTI crude oil Oil tried to make a move to the upside early in New York trading but stalled out at $24.00. Then it came down but held the European lows. It half-heartedly made another move to the high but has come down again.
USDJPY extends to new session lows and so does the EURJPY
Both pairs crack lower and through technical levels. The USDJPY has extended to a new session low and in the process, fell below the lower trend line at 107.77. The next target comes in at 107.563. On a break of that level, traders will be targeting the lows from end of March and early April […]
Gold tops the March high in reversal to the upside
Gold climbs on the day to cycle Gold is at the highest levels since 2012. It has edged above the March high of $1702 to the best levels in 8 years in a $10- gain in the past few minutes. It was as low as $1676 earlier today.
USDCHF tests 100 hour MA. Key bias defining level.
100 hour MA at 0.9682 The USDCHF is higher on the day and in the process has moved up to test a topside trend line at 0.9673 and the falling 100 hour MA at 0.9682. The current price is between those levels at 0.9679.
GBPUSD moves above – and tries to move away from – the 50% midpoint
Midpoint from the move down from December high at 1.24611. The GBPUSD has moved above – and is trying to move away from – the 50% midpoint of the move down from the December 2019 high to the March 2020 low. That level comes in at 1.24611. The price is trading at 1.2504 comfortably above […]
Gold futures/spot spread narrows but questions remain
Supply chain issues a part of the story There's a risk-free arbitrage available in buying gold and selling it in the futures market but few are taking advantage of it.