Weak Economic Data supported higher prints – GOLD Market Outlook – 26/11/2020
Gold hit our long entry resistance target at 1815, bouncing off the 1800 [...]
Trading news
U.S. dollar higher against its counterparts
U.S. dollar recovered versus its major counterparts but resumes being lower, amid the traders digesting the FED's and Bank of Japan's announcements.
U.S.dollar index higher at 95.40
The U.S. dollar index traded higher thus ending the week at 95.40, rising 0.1% on Friday.
The USD/JPY, before settling back to 100.96, declined to 100.06 last Thursday. During the week the currency pair decelerated 1.27%.
The EUR/USD ended at 1.1227 after reaching the 1.1256. The currency pair gained 0.64% for the week.
The GBP/USD, before setting at 1.2995, traded as low as 1.2915, amid the talks on Britain's exit from the EU resuming. The USD/CAD traded at 1.3168, strengthening 0.96%.
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Monday, 26 Sep, 2016 / 7:37
Trading news
Euro bulls targeting 1.20 – EUR/USD Market Outlook – 26/11/2020
The Euro extends gains above 1.19 after weaker than expected US macro data [...]
The Fed considers helping the US economy “fairly soon”, the ECB [...]
