The US Dollar Index (DXY), which gauges the Greenback vs. a bundle of its main rivals, keeps the bid tone and moves to the 98.40 region, or weekly highs.
Crude oil price declined slightly to a low of $59.4 after soaring to a high of $60.37 yesterday. Will the XBRUSD pair continue to decline?
The British pound is holding back above the 1.2200 level against the US dollar after quickly reversing from the 1.2150 level.
The euro currency has fallen to a fresh weekly low against the US dollar, completely eroding all of last Friday’s hard-earned trading gains.
The NZDUSD pair extended this week's rejection slide from the 0.6300 handle and remained under some heavy selling pressure on Thursday.
Gold has recovered from the fast dip to 1525. The following technical analysis is based on the Elliott wave theory.
EURUSD trades slightly below 1.11. The following looks at what could happen next based on the Elliott wave theory.
The GBPJPY cross failed to capitalize on the recent recovery move beyond the key 1.3000 psychological mark and is now set for further weakness.
Gold price reversed an early dip to $1530 area and has now climbed to the top end of its daily trading range.
Crude oil price rose sharply after inventories data was released. The XBRUSD pair rose to a high of 59.57.
The British pound has surged to its highest trading level since late-July against the US dollar as dip-buyers retain control of the pair.
The euro has seen a pick-up in selling against the greenback, as traders continue to sell any moves above the 1.1100 resistance level.