Gold Price Extends Gains Ahead of FOMC
Gold Prices are trading to new monthly highs today, and are set to close higher for the fifth consecutive trading session.
Gold Prices are trading to new monthly highs today, and are set to close higher for the fifth consecutive trading session.
The AUD/USD has traded to new weekly lows as US Advanced Retail Sales beats expectations.
Dow Jones Industrial Average hit the first support level near 17,600 and may find a short term relief rally. Sentiment points towards continued losses so considering a sell the rally strategy.
USD/JPY movements have been tracking GBP/USD movements lately. USD/JPY may be a proxy for risk on/off. We can use the Grid Sight tool to help pinpoint any shifts in intraday momentum.
The EUR/USD is pushing towards resistance this morning, as markets wait for Wednesday’s FOMC event.
US Dollar bulls regained control of the market Friday, pushing the USDollar Index higher.
GBP/USD falls into a 3 month support channel. Use the Grid Sight tool to pinpoint intraday shifts in momentum.
The NZD/USD has traded to new yearly highs, as the RBNZ keeps key interest rates flat at 2.25%.
Gold Prices are set to close lower today after failing to breakout higher above a critical point of resistance.
Dow Jones Industrial Average is having a hard time overcoming 18,000. The sentiment and technical picture point to medium term strength and a buy the dip strategy.