Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
Gold extends gains to above $2,350 as dollar weakens further
The EUR/USD is edging ever closer to another test of its 50 day moving average (now at 1.0779). The GBP/USD is higher now too and the impact of some further US employment data has not served the US currency too well just now. The latest weekly jobless claims numbers were a little higher than forecast and that seems to have dented the dollar a bit more. Against this backdrop and slight relapse now in the USD/JPY, Gold has taken advantage of this and driven further home the technical break seen earlier today. An earlier update here noted it rising above any resistance from its 50 day moving average (around 2,338) and that breakout has now extended to above $2,355 a short while ago. Gold is currently trading at $2,354.90
Market News
All News-
EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
-
USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
