Forex News

After gold prices hit an eight-year high on Wednesday this week, consolidation took over. Investors saw the US dollar gain traction following the majestic price action on Thursday. This created some turbulence for the precious metal especially with the ten-year United States Treasury yield diving sharply to 60-basis points in addition to ending the session…

USD/JPY is trading 0.25% lower in a mixed session for the dollar on Friday. The pair has been in a 2 big figure range for a month now.  USD/JPY 4-hour chart USD/JPY seems stuck in a sideways range. In historical terms, if there was this much uncertainty in the world the yen would be going…

AUD/USD is trading 0.21% lower on Friday. There is a big consolidation period between 0.7064 and 0.6775. AUD/USD 4-hour chart AUD/USD is in full consolidation mode at the moment. The key level now on the upside is the yellow horizontal line at 0.70. If the resistance breaks then the red high on the chart of 0.7064…