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Two Golden Rules in GOLD (XAU/USD) Trading
When there is a strong trend begins, we open trades that follow the trend.When the GOLD is in the sideways of the Ranging Market, we trade reversal. To capture the movement of a strong trend, we have to refer to a bigger time frame (H4 & D1 charts only). The combined use of BB (Bollinger Bands)
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USD to recover after unusual correction – MUFG
The US Dollar Index (DXY) performance yesterday was the worst on the day of the Consumer Price Index (CPI) release so far this year. But in the view of economists at MUFG Bank, the USD sell-off is likely a temporary correction. USD-bullish bias to be intact over the coming months “Our sense at this
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Dollar Fails To Hold Early Gains, Loses Ground Against Some Major Counterparts
After climbing higher Thursday morning following data showing a bigger than expected increase in U.S. consumer price inflation in the month of September, the U.S. dollar retreated and shed ground against most of its major counterparts. Traders presumably felt concerns about inflation and higher inte
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GBP/USD Daily Outlook
#OPINIONLEADER# GBP/USD’s decline continues today and reached as long as 1.0351. Intraday bias stays on the downside but some support could be seen from 100% projection of 1.3748 to 1.1759 from 1.2292 at 1.0303 to bring rebound. On the upside, break of 1.0844 minor resistance will tur
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