Gold Prices Hover Near Key Support as DXY Index Stays Elevated
With USD/JPY rallying after the BOJ rate decision, the DXY Index has been able to maintain its break of the downtrend from the December high.
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Forex Daily News
23rd January 2019
Yen Rise May Resume as Market Sentiment Sours Anew
The Japanese Yen may return to the offensive as market sentiment sours anew. An anxious mood at the World Economic Forum in Davos may trigger the rout.
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Gold Prices Look to Davos Economic Forum for Direction
Gold prices are looking to soundbites from the World Economic Forum in Davos, Switzerland to set the bearing for market-wide risk appetite.
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22nd January 2019
WH: Trade teams in touch in preparation for high level talks at the end of Jan – CNBC
In response to an earlier report about Trump administration cancelling the meeting with Chinese officials at the end of the month amid lack of progress in two key trade issues, the White House said that trade teams of both sides were still in touch.
"WH says trade teams "remain in touch in preparation for high level talks with Vice Premier Liu…
S&P500 Technical Analysis: US Stocks decline below the 2,650.00 level
S&P500 daily chart
The S&P500 Index is trading in a deep pullback below the 100 and 200-day simple moving averages (SMAs).
S&P500 4-hour chart
The S&P500 is above the main SMAs suggesting bullish momentum in the near-term.
S&P500 30-minute chart
The market broke below the 2,650.00 support and the 200 SMA suggesting bearish momentum in the near-term.
If the market can continue its decline below the 2,620.00…
EUR/USD rebounds from 2-week lows and prints fresh daily highs above 1.1370
Pair moves higher as the US Dollar turns lower across the board.
Reports about US-China trade war pushed equity prices further lower and weakened the greenback.
The EUR/USD pair rose further during the US session and recently reached at 1.1373 a fresh daily high. At the time of writing, it is flat for the day around 1.1365. Earlier today, bottomed at 1.1335,…
USD/JPY: Plummets to test 21-D SMA and bears eye break of 109 the figure
USD/JPY drops to key support area on global growth concerns.
USD/JPY is currently trading at 109.15 as bears seek to take out the 21-D SMA at 109.08 to open the floodgates towards the 107.76 9th Jan swing low as the US dollar loses its safe-haven appeal.
USD/JPY has dropped following a scramble out of stocks and the dollar, into US treasuries and…