Gold remains above 1,800.00

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


The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00.

Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and the follow up press conference are top fundamental events, which affect the supply of the US Dollar. Namely, as information about the future will be revealed, gold will adjust sharply until the news are processed by the whole world.

Back to articles

Actual Topics

Thu, 16 Jun 2022 09:54:15 GMT

EUR/JPY plummets on Thursday

On Thursday morning the Euro plummeted due to an European stock sell off. The stock sell off was attributed to the Swiss National Bank hiking the CHF interest rate and revealing information about the situation of the European economy as a whole. Namely, a spillover occurred. On the EUR/JPY charts the event resulted in a decline below the 138.00

Wed, 15 Jun 2022 12:02:12 GMT

USD/JPY reaches new high level

The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analyzing the technical chart, note that the

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.