Tag Archives: Gold

FX Daily

Spanish and German inflation will provide information about the impact of thedecline in the oil price during October.

Bullish hopes were already on shaky ground following the failure ahead of $1258.5 and

EUR/USD has breached the hourly resistance at1.2743, suggesting some increase in buyinginterest.

The main event is the Fed meeting tonight. Given the recent market turmoil, the Fedis likely to

The pullback following last week’s spike above the 55-DMA continues with gold having dipped briefly below the 21-DMA Tuesday.

EUR/USD is grinding higher towards the hourlyresistance at 1.2743. A break of this level isneeded to

In the US, durable goods orders are due for release and consensus is for an increase of0.5% m/m in September.

The pullback following last week’s spike above the 55-DMA continues with gold having dipped briefly below

EUR/USD needs to break the hourly resistanceat 1.2743 to alleviate concerns of a quick declinetowards the key support at 1.2501.

Focus will be on the ECB’s asset quality review and stress test, which were releasedyesterday.

Despite the first pop above the 55-DMA ($1248.0) since mid-August last week bulls remained concerned about

Further gradual rise favoured in USD/CAD However, the change in BoC’s communication suggests that