1. syamfx2020

    Key technical levels to watch today ahead of US Federal Reserve Chair Jerome Powell speech– 13.10 GMT

    EUR/USD Support: 1.1770 and 1.1740 Resistance: 1.1880 and 1.1915 GOLD Support: 1926 and 1910 Resistance: 1960 and 1980 GBP/USD Support: 1.3140 and 1.31 Resistance: 1.3230 and 1.3270
  2. syamfx2020

    EUR/USD and GOLD technical outlook - Friday, August 21, 2020

    EUR/USD rebounded from 1.1800, at the time writing the pair hovers near 1.1880 ahead of PMI data. Any break above this level the next upside to watching 1.19 then 1.1915. On the downside, the immediate support at 1.1840 followed by 1.18/1.1780. GOLD price trades below $1950 on Friday, the...
  3. syamfx2020

    DAILY MARKET REPORT - Wednesday, Aug 12, 2020 - Precious metal plunged after positive Covid19 vaccine news

    Precious metals plunged on Tuesday following the latest development regarding COVID-19 vaccine. The gold price experienced the worst one-day decline in seven years. According to Reuters, Russia's President Vladimir Putin said that Russia had become the first country to grant regulatory approval...
  4. fullertonmarkets

    Why do Risk Assets Ignore the Poor Economic Data?

    As the Fed has made it clear that it was willing to step in to buoy the economy, why bet against the market when the central bank is willing to do that? It’s time to buy gold and stocks when massive liquidity is flooding into the market. The disconnection between economy and the stock markets...
  5. fullertonmarkets

    US Likely To Report The Worst GDP Since 2009

    Global growth outlook may weigh on sentiment this week, short USD/JPY? The US government is likely to report the country’s biggest quarterly economic contraction since early 2009, and forecasters warned the figures would likely provide a preview of what could be worse to come. The Commerce...