Tag Archives: Gold

FX Daily

Another quiet day on the data front. Only number of interest will be US existing homesales, which is expected to have stabilised over the summer.

The bounce to start the new week sees pressure having shifted back to layers of resistance

EUR/USD has faded near the resistance at1.2901. Monitor the hourly support at 1.2706(16/10/2014 low,

Bulls are a little concerned at the failure to retest Wednesday’s highs and the layers of resistance

The USD position increased as traders added to already long positions, driving the net long to $43bn.

EUR/USD made a large daily lower shadowyesterday, suggesting persistent short-termbuying interest.

Fundamentals are taking a bit of a backseat in the market and

Bulls are a little concerned at the failure to retest Wednesday’s highs and

EUR/USD has broken to the upside out of itsshort-term symmetrical triangle.

The significance of the 21-DMA was confirmed Wednesday with gold bouncing sharply from

EUR/USD has thus far failed to make anyhigher high. However, no lower low has beenmade either.

US retail sales for September is due for release and we expect growth in retail sales to