On a smaller scale the USD/SGD currency exchange rate is moving in an ascending channel pattern, as it struggles with the resistance set up by the 61.80% Fibonacci retracement level, which is a part of the retracement levels connecting the 2015 low and 2016 high levels. However, on a larger scale a head and shoulders pattern's first half can be
The US Dollar is appreciating simultaneously in two ascending channels against the Danish Krona. The smaller ascending channel is a representation of the currency exchange rate's rebound from the larger channel's lower trend line. However, the currency exchange rate has been heavily affected by the Fibonacci retracements, which connect the 2015 high level with the 2016 low. In the past
Oil prices jumped above the $50 level on Wednesday as US crude oil inventories dropped unexpectedly last week.
Oil prices jumped above the $50 level on Wednesday as US crude oil inventories dropped unexpectedly last week.
The EUR/USD currency remained below the post Brexit low level on Thursday morning.
The bullion slightly surged on Thursday morning. However, the surge occurred after a much larger retreat during the second half of Wednesday's trading session.
American consumers were more pessimistic about the path of the economy in October, according to latest survey results published on Tuesday.
American consumers were more pessimistic about the path of the economy in October, according to latest survey results published on Tuesday.
The Euro turn out to be alive after all, as it began to show some volatility against the US Dollar in the last 24 hours.
The yellow metal is conquering new ground, as on Wednesday morning it had broken all but one of the resistance levels, which comprise the strong cluster facing the bullion.
Activity in the US manufacturing sector expanded more than expected last month, according to a private survey published on Monday.
Activity in the US manufacturing sector expanded more than expected last month, according to a private survey published on Monday.
The EUR/USD rate remained flat for the second consecutive session on Tuesday morning, as the markets are expecting ECB president's Mario Draghi's speech.
On Tuesday morning the yellow metal found support in the weekly PP at 1,263.46 and began a surge to the 200-day SMA.
Manufacturing activity dropped less than expected in the Third Federal Reserve District, a monthly report revealed on Thursday.
Britain's retail sector proved to be slightly worse than expected, as the amount of items bought missed expectations.
The common European currency continued to fall against the US Dollar on Monday morning, as the currency exchange rate marked a week of losses.
57% of all SWFX open positions are long The yellow metal recently formed a short term ascending channel The 1,250 psychological level provided support for a week Economic events to watch over the next 24 hours: FOMC Member Dudley Speaks; FOMC Member Bullard Speaks On Monday morning the yellow metal's price remained almost unchanged, as the bullion is squeezed in between two levels
Britain's retail sector proved to be slightly worse than expected, as the amount of items bought missed expectations.
Manufacturing activity dropped less than expected in the Third Federal Reserve District, a monthly report revealed on Thursday.
Not much of a surprise, but the EUR/USD fell below the Brexit low level of 1.0912. However, the future outlook of the pair is unclear, as some analysts even forecast the fall to continue down to the 1.05 level.
The initial surge on Thursday morning was stopped by the resistance cluster as forecasted. Since then the yellow metal has been falling.
The common European currency is in its third session of losses against the US Dollar, as the currency exchange rate falls to the next support level, which is located at 1.0929.
The bullion continued to book gains on Thursday morning, as the metal approached a new resistance cluster.