Forex News

16:30
January 16, 2021
Gold Price Prediction: XAU breakdown to $1,800 seems imminent
Gold futures market suffered for another week as the US dollar gained. XAU/USD might revisit $1,800 if the short term support at $1,820 fails to hold in the coming week. Gold experienced intense selling pressure in the concluded trading week. The precious metal was not able to pick up momentum following the consistent growth of…
22:00
January 15, 2021
Wall Street Close: Second day in a row in the red for stocks
US equity markets closed Friday in the red, the second day of losses in a row. Friday saw quintessential risk-off trade; risk assets sold off and havens were bought on a variety of concerns. US equity markets closed the final trading day of the week in the red, the second day of losses in a row….
19:30
January 15, 2021
DXY breaks above key downtrend, eyes move above 91.00
USD has been strongly supported on what has shaped up to be a very much risk-off Friday. DXY has broken above a key downtrend and eyes a move towards 91.00. USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD…
18:30
January 15, 2021
EUR/GBP rebounds modestly from key resistance just above 0.8850
EUR/GBP is a little higher on the final trading day of the week, amid what appears to be mild profit-taking. The pair rebounded from significant support just above 0.8850. Both EUR and GBP much more focused on global risk appetite and US dollar dynamics as opposed to domestic themes. EUR/GBP is a little higher on…