Daily Forex Trading News from Valutrades

XAUUSD - Settles Above $1800 as Concerns Grow Again

on July 16, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week or so XAUUSD has consolidated around eight year highs above $1800 after moving steadily higher in the last few weeks. It consolidated well for three months being well supported by the key $1675 level, which set up conditions for the recent push higher. Just prior to the recent move higher, gold was trading in a very narrow range around $1730 after having recently bounced off the solid support at $1675, and the $1730 level may provide some support should it decline.

ECB, BoC, and BoJ Interest Rate Decisions this Week.

on July 13, 2020 | By Brad Alexander | EURUSD, GBPUSD, XAUUSD, Market Blast Videos, Gold, Brexit, Interest Rate Decision, Fundamental Analysis, EURCHF, Coronavirus

Welcome to this week’s Market Blast Fundamentals where we will look at Gold (XAUUSD), GBPUSD, EURGBP, EURJPY, and EURUSD.

Gold Moving Higher. Silver into Ascending Triangle.

on July 7, 2020 | By Brad Alexander | EURUSD, XAUUSD, USDCAD, Gold, NZDUSD, USOil, WTI, Technical Analysis, Fibonacci, Ascending Triangle, XAGUSD, Silver, Market Blast

Welcome to this week’s Market Blast Technicals where we will look at Silver (XAGUSD), Gold (XAUUSD), WTI (US Oil), USDCAD, NZDUSD, and EURUSD.

Market Recap: 29 June - 3 July

on July 6, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week edging higher off the key 0.6850 level back up above 0.69. In the two weeks prior, the AUDUSD consolidated right around the key level of 0.6850 after having eased from its highest level this year just above 0.7050. It had spent several weeks pushing higher to reach that level above 0.7050 however it ran into a wall of resistance at this key level which has previously offered stiff resistance to the AUDUSD last year. It has since eased from that resistance but enjoyed support from another key level in 0.6850 which has propped it up allowing it to rally again towards the key 0.7050 level, before the AUDUSD consolidated right around 0.6850.

XAUUSD - Remains Near Highs Above $1770 as IMF Slashes Economic Forecast

on July 2, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week or so XAUUSD has steadily moved higher and returned to eight year highs near $1790 as it remains well supported by anything above the key $1675 level. Just prior to the move higher, gold was trading in a very narrow range around $1730 after having recently bounced off the solid support at $1675. In the few weeks prior, gold had eased a little from its then eight year high around $1765 back towards the key $1675 level which has propped up gold well in the last two months. At the start of May, gold rallied higher to reach an eight year high above $1760, again off solid support at $1675.

Market Recap: 15 - 19 June

on June 22, 2020 | By Stuart McPhee | Demo Competition, AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week continuing to ease lower back down below the key 0.6850 level. Two weeks ago, the AUDUSD reached its highest level this year just above 0.7050 however it ran into a wall of resistance at this key level which has previously offered stiff resistance to the AUDUSD last year. It has since eased from that resistance but enjoyed some support from another key level in 0.6850 which has propped it up a little however it has now eased below this level.

XAUUSD - Settles Around $1730 as IMF Warns Over Economic Crisis

on June 18, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week XAUUSD has traded in a very narrow range around $1730 after having recently bounced off the solid support at $1675. In the few weeks prior, gold had eased a little from its eight year high around $1765 back towards the key $1675 level which has propped up gold well in the last two months. At the start of May, gold rallied higher to reach the eight year high above $1760, again off solid support at $1675. For the last two months now, gold has enjoyed solid support from $1675, and it has rallied off this level on a few occasions keeping gold near the multi-year highs. This is the most significant level presently and is highly likely to provide more support should gold continue to decline.

DAX and STOXX 50 above 200 Day Moving Average.

on June 9, 2020 | By Brad Alexander | GBPUSD, XAUUSD, USDCAD, Gold, Descending Triangle, DAX, US500, Market Blast, AUS 200

Welcome to this week’s Market Blast Technicals where we will look at the DAX, the Stoxx 50, Gold (XAUUSD), GBPUSD, and USDCAD

Market Recap: 1 - 5 June

on June 8, 2020 | By Stuart McPhee | AUDUSD, DJIA, GBPUSD, XAUUSD, US30, Gold

On Tuesday last week we covered the AUDUSD which spent the remainder of the week continuing to move higher to its highest level this year, around 0.70. Last week it surged through the key 0.6750 level which has played a significant role in the last 12 months, and has not looked back as it continued higher. It had been meeting some resistance around 0.6650 for several days before surging higher. The 0.6850 level may have also been expected to provide some resistance as this has also played a role last year, however the AUDUSD just moved right through.

XAUUSD - Eases Towards Key $1675 Level as Haven Appeal Loses Lustre

on June 4, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last few weeks gold has eased a little back towards the key $1675 level which has propped up gold well in the last two months. In the last 24 hours its fall has been more pronounced as it drifted to a three week low. At the start of May, gold rallied higher to reach an eight year high above $1760, off solid support at $1675. For the last two months now, gold has enjoyed solid support from $1675, and it has rallied off this level on a few occasions keeping gold near the multi-year highs. This is the most significant level presently and is highly likely to provide more support should gold continue to decline.

XAUUSD - Settles Above $1800 as Concerns Grow Again

ECB, BoC, and BoJ Interest Rate Decisions this Week.

Gold Moving Higher. Silver into Ascending Triangle.

Market Recap: 29 June - 3 July

XAUUSD - Remains Near Highs Above $1770 as IMF Slashes Economic Forecast

Market Recap: 15 - 19 June

XAUUSD - Settles Around $1730 as IMF Warns Over Economic Crisis

DAX and STOXX 50 above 200 Day Moving Average.

Market Recap: 1 - 5 June

XAUUSD - Eases Towards Key $1675 Level as Haven Appeal Loses Lustre

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