Silver Sinks Below 30

The Euro keeps firm tone and extends gains into third consecutive day, pressuring key resistances at 1.0750 zone (50% retracement of 1.0885/1.0601 / daily Kijun-sen). Firm break here to generate fresh bullish signal for extension of the bull-leg from 1.0601 (Apr 16) where larger downtrend was contained by a double-Fibo support (38.2% of 0.9535/1.1275 / […]

Gold rebounds off 2,370 support Prices penetrate short-term downtrend line But momentum oscillators look overstretched Gold prices have been in a bullish corrective mode during the week, paring/reversing some of its losses from July 24. The price has now surpassed the short-term downtrend line and the simple moving averages (SMAs), testing the 2,420 level. Over the past week, the […]

The NZD/USD pair has extended its upward movement into a third session, reaching 0.6106 amid growing weaknesses in the US dollar. Negative shifts in US economic indicators, particularly June’s disappointing private sector employment data from ADP and uncertain PMI signals, have supported the New Zealand dollar’s recent gains. These factors have fuelled speculations about a […]