By Fast Brokers - Gold continued Monday’s pullback on declining volume has investors locked in profits from the precious...
Gold Finds Comfort in Our 2nd Tier Downtrend Line
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Greenback Slips After Posting Its Largest 1 Day Gain
By ForexYard - The currency market is focusing on U.S. short-term Interest Rates as talk of a rate...
Weekly Forex Market Forecast (February 13th – February 17th 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 13th – February 17th, with release times displayed for the GMT time zone. The list also...
Watch 952.85 level closely
Why is this level so important? 952.85 is 61.8% fibonacci retracement of the move from the 961.25 highs to 939.24. If it fails to break this level gold will collapse in the short term and test 935 and possibly lower. A close above the fib resistance will lead to a retest of the highs and if it...
Yen is too high for Japan economy now - Opposition
Japan’s main opposition finance spokesman Masaharu Nakagawa has been interviewed by reuters. Asked whether the current USD/JPY level just below 100 was in line with Japan’s economic conditions, the official answered “I think it is too high (the yen)”, adding “It is...
GBPUSD stays below a downtrend line
GBPUSD stays below a downtrend line on 4-hour chart, and remains in downtrend from 1.6453, and the fall extended to as low as 1.5912. As long as...