GOLD retraced back to the trendline (lows 1180 and 1194) and has performed a four days run to the upside. The price isn’t so convincing because the daily candles have very small range. However XAUUSD is facing an important horizontal resistance which we may call it “make or break”. If price breaks out, then the next resistances are 1248 and 1262. There are good probabilities for sell opportunities if price manages to climb to these areas. On the other hand, if price breaks out the rising channel to the downside, then GOLD may see the lower trendline again.
– Euro sluggish after Greece approves bailout plan, the dollar is up on Yellen. The euro edged lower on Thursday after Greece’s parliament approved the austerity plan demanded by its lenders, while the U.S. dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards […]
Good Morning , – Currencies traded in narrow ranges overnight. Some EUR-crosses managed to recover some of the losses after yesterday’s drops. There was very little news flow overnight. – Stocks: Nikkei +0.26 %, Hang Seng +1.01 %, Shanghai Composite +0.26 %, Dow Jones +0.26 %, S+P500 +0.48 % – Joint euro-area debt probably violates […]
Good Morning, – Reflecting rising risk appetite, the CBOE Volatility Index or VIX, which is often used as a gauge for risk, ended Monday at the lowest level since February 2007, but Euro trade steady. – Asian shares : Japan’s Nikkei -0.28%, Hong Kong’s Hang Seng -0.87%, Korea’s Kospi -0.50%, Australia’s ASX 200 […]
