Friday has some pairs to look at...
Tag - gold
Is gold predictable now, at all? Let's consider some facts and observations.
Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?
Main currency pairs and assets got into consolation or correction this Friday.
Why does gold behave so odd? Read the article to know if you really can count on its safe-haven features.
Things change rapidly in Forex and stock markets amid virus pandemic and oil price war; watch the daily video to get updated.
After forming a diamond-like top below 1,700, XAU/USD went consolidating. Pay attention to the support and resistance levels!
JPY and EUR are the only bastions of resilience amid the sell-off mood of the market; gold is up to $1700, oil is a real problem…
US Fed cut the interest rate by 50 basis points, USD goes mostly sideways against other currencies, EUR gets stronger; OPEC meets on March 5 to prevent slumping of the oil price…
Market players are probably taking profit in gold to offset losses in other markets, so they are closing the previous buy positions in XAU/USD.
The Japanese yen is back in the Forex market reconquest on investors' flight to safety. Observers are almost certain the US financial authorities will lower the main interest rate - hence, the USD is dragged down. What else does Friday bring?
The US Dollar steps back on ease expectations to fight off the Coronavirus damage. See where the USD goes against the EUR, GBP, CNH, JPY, and NZD!