Gold continues higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The price of gold has continued to book higher and higher levels. However, it constantly gets overbought and each fundamental event that strengthen the USD causes major drop of the commodity price. This week, the price is bound to be dictated by the US Presidential Election and US Federal Reserve announcements.

In regard to technical analysis, watch the 2,730.00 and 2,700.00 levels for support and the 2,790 level for resistance.
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Mon, 11 Nov 2024 18:18:14 GMT

EUR/USD approaches 1.0600

In the aftermath of the US elections, the EUR/USD declined due to a broad strengthening of the US Dollar. It was expected by our analysts that the USD would decline, as the Trump government would not care about inflation and stimulate the markets. However, it appears that the strengthening and potential gains in the USA are creating demand

Mon, 04 Nov 2024 15:11:22 GMT

USD/JPY breaks pattern

As the US election approaches, the USD/JPY bulls appear to have taken profit, as the rate broke the channel up pattern on October 31. It appears that the rate is waiting for this week's fundamental events near the 151.50 mark. In the near term future, the pair will react to the major fundamental events. However, watch the round exchange

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