"Opened positions for Gold stay positive (58% bullish / 42% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"The distribution between the buy and sell orders is very stable—48% and 52% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.77 (weekly R3). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.77
"Pending orders in 100-pip range are strongly bearish with 68% of them set to sell. Therefore, a decrease in value is likely, the closest support is placed at 1.5590/67 and it is represented by this year's low and weekly S1. Meanwhile, an advance remains a possibility, while for that purpose the closest resistance is the weekly pivot point that is
"Opened positions for Gold remain positive (57% bullish / 43% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Pending orders in 100-pip range from the current market price are negative (29% bullish / 71% bearish). It is likely that the pair will increase in price, with the closest resistance for it located at 1.2339 and is represented by the monthly S1. At the same time, the downward movement is possible as well, while for that purpose the closest
"The distribution between the buy and sell orders is quite stable—44% and 56% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 119.77 (weekly R2). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.23/11
"Pending orders in 100-pip range are strongly bearish with 68% of them set to sell. Therefore, a decrease in value is likely, the closest support is placed at 1.5585/67 and it is represented by this year's low and weekly S1. Meanwhile, an advance remains a possibility, while for that purpose the closest resistance is the weekly pivot point that is
"Opened positions for Gold are positive (59% bullish / 41% bearish). It is likely that Gold will increase in price, with the closest resistance for it located at 1,205 and is represented by 55-day SMA and the monthly R1. At the same time, the downward movement is possible as well, while for that purpose the closest support is placed at
"Pending orders in 100-pip range from the current market price are positive (54% bullish / 46% bearish). It is likely that the pair will increase in price, with the closest resistance for it located at 1.2447 and is represented by the weekly pivot point and 20-day SMA. At the same time, the downward movement is possible as well, while for
The British Pound added 0.5% against the US Dollar yesterday, prolonging its weekly gain. Yesterday's movements were mostly dictated by the manufacturing data that were released in UK and US. The US manufacturing sector growth slowed in November to its lowest rate since January, while indicators of new orders and output also declined to their lowest levels since the beginning
The USD/JPY cross fell 0.31% in the first day of the week; however, it managed to set a new this year's high. Japan's manufacturing sector has not been the most influential to the currency; although, it still played relatively important role in the currency pair's development, since not many news related to USD/JPY was released. Japan's manufacturing sector continued to
During first day of the new working week, the single currency posted a 0.14% daily gain versus the American dollar. Alongside, the bloc's currency rose 0.32% and 0.06% against the Aussie and Swiss franc. On the other hand, it lost value versus other major currencies on the market. Factory output of the Euro zone's top economies: Germany, France and Italy,
On Monday, Gold was one of the best-performing commodities on the market, as it advanced as much as 3.83% over the trading day. Along with that, Crude and Brent oil gained 4.31% and 3.41%, respectively, while silver surged 6.53%. From another side, natural gas slipped 1.98% and was the only commodity to register a fall in price yesterday. The Gold trimmed
On Friday the US Dollar rebounded 0.8%, after falling for three straight days against the Japanese currency. This price move could come as a surprise since on Friday were not released any data that could favor the Greenback; however, the overall bullish bias towards the pair pushed it higher. Nonetheless, if there were no major data on Friday, then there
The Sterling was able to post the first weekly gain in six weeks by appreciating 0.06% on the daily basis. Last week was relatively filled with important data; however, the impact was subdued as the Thanksgiving Day was celebrated in the US. One of the biggest worries for the UK has been the housing sector and on Friday nationwide house price
Gold plunged the most in three weeks on Friday after Swiss voters overwhelmingly rejected a referendum forcing the Swiss National Bank to hold 20% of its reserves in gold and preventing from ever selling any, as well as requiring to physically repatriate all Swiss gold held abroad. Meanwhile, in India, the world's second biggest gold buyer, where the wedding season
On Friday the Euro lost dropped 0.12% versus American dollar and registered the only drop against major currencies. The shared currency surged against the Japanese yen and Canadian dollar during the last day pf the previous week, by 0.65% and 0.62%, respectively. Due to Bank Holiday in the United States, most of the economic data came from the currency union
Yesterday the price of Gold dropped as much as 0.43% in its price over the trading day and was one of many commodities that declined in course of the trading session. Corn added further value to rise 1.10%, while Brent plummeted 6.65% on news that OPEC will not decrease extraction of oil. Despite lack of fundamental news and the Bank
On Thursday the single currency dropped 0.31% versus American dollar and registered the second steepest fall against major currencies. On the other hand, the Euro surged against Canadian dollar and British pound by 0.43% and 0.05%, respectively. Negative contributions for the shared currency were added by the Bundesbank and statistics from Spain. German Central Bank says economic momentum in the
On Wednesday the Sterling climbed 0.54% versus its US counterpart, as multiple of high importance data were released in both - US and UK. However, in the rest of the week there will not be released that important data and Thursday is US bank holiday; therefore, the volatility could fall. US initial unemployment claims broke above the 300,000 threshold, rising to
On Wednesday Gold lost 0.26% in its price and was one of many commodities that declined yesterday. The only commodity, which managed to advance, was corn, which added as much as 1.10%. The same tendency for Gold is showed in its cross with the Greenback. Negative data from the States is supporting the price of the metal, keeping it around
The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the
On Wednesday the single European currency rose 0.26% against the Greenback and posted the third consecutive day of gains against this currency, as surprisingly negative fundamental statistics from North America forced the US dollar to deteriorate versus its major peers. For the first time since early September initial unemployment claims in the US broke above the 300,000 threshold, rising to
On Monday the shared currency advanced 0.41% against the Greenback, while unexpectedly positive statistical data from Germany contributed to the Euro's increase versus all major currencies. Ifo Business Climate in Europe's largest economy went up to 104.7 points in November, even though analysts on aggregate predicted this indicator to deteriorate for a sixth consecutive month. At the same time, more