US Dollar Forecast – US Dollar’s Bid for 12-Year High Will Hinge on Fed’s Decision The Dollar posted its best week performance in five months with this past Friday’s close. British Pound Forecast – GBP/USD Searches for Support as Rebound Unravels- GDP, FED in Focus GBP/USD stands at risk of facing increased volatility in the week ahead as market attention turns to the Federal Reserve’s October 28 interest rate decision, while the U.S. & U.K. are scheduled to release ...
US Dollar Ready to Turn to Haven or Feed on FOMC Rate View While there may be a lot of volatility for the Dollar moving forward, the medium-term fundamentals carry a positive slant whether general market conditions improve or deteriorate. Japanese Yen Unlikely to Break Out Until Greece Moves The Japanese Yen finished the week modestly higher versus the recently-downtrodden US Dollar, but the lack of a clear breakthrough from a highly-anticipated US Federal Reserve meeting ...
D1 price is on primary bearish with secondary market rally: Chinkou Span line is near to be crossed with the price from below to above for good breakoutSinkou Span A line as the border of Ichimoku cloud/kumo is located exact above the price for now; if the price crosses this line so we may see the reversal of the price movement from primary bearish to the primary bullish market condition.Nearest support level is 1146.10Nearest resistance level is 1204.43 W1 price ...
Talking Points GBP/USD breaks key long-term support levelUSD/JPY nearing critical resistance areaGold meanders Price & Time Analysis: USD/JPY USD/JPY continues to edge higher off the 101.50 78.6% retracement of the July rangeOur near-term trend bias is higher in the exchange rate while above 101.50The 61.8% retracement ...
I like gold. My wedding ring is simple but classy. My crowns in my mouth are so good that I forget they are there. The electronic contacts in my computer work just fine. Gold is great. But not as a steady measure of purchasing power, nor as a guaranteed investment. “Gold has the same purchasing power today that it had in 1913,” I continue to read. So let’s look at the data and see what we can conclude about gold, its stability and purchasing power, and then we’ll turn to gold ...
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