Daily Forex Trading News from Valutrades

XAUUSD - Rallies Back to $1830 as OECD Lifts Global Economic Outlook

on December 3, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last two days the XAUUSD has rallied well off four month lows below $1770 to return to near $1830. It has in the last few weeks eased away from the resistance at the key $1900 level moving to the lows after spending a considerable amount of time trading around $1900. If the XAUUSD is to continue to rally back to $1900, it is highly likely to experience further resistance at this level. In the last few weeks, the $1900 level has been providing more resistance, whereas previously it was trading comfortably back and forth around this level. It recently surged through to a six week high above $1960 before falling even more sharply returning all gains in falling to a five week low around $1850.

WTI & Brent Crude Consolidating Ahead of OPEC Meeting

on December 1, 2020 | By Brad Alexander | USDCHF, XAUUSD, UKOil, US30, Gold, USOil, WTI, OPEC, Technical Analysis, AUDJPY, Ascending Triangle, Brent Crude, Stochastic Oscillator, Dow Jones

Welcome to this week’s Market Blast Technicals where we will look at AUDJPY, USDCHF, Gold (XAUUSD), the Dow Jones Industrial Average (US30), WTI (US Oil) and Brent Crude (UK Oil).

Market Recap: 16 - 20 November

on November 23, 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 resting on the key level of 0.7250. This level has played a role for the last two weeks providing some support after having surged higher in the week prior through this level. Prior to the surge it had fallen sharply back down through support at the key 0.7050 level down to a three month low below 0.70, before rallying strongly. Having resisted prices so strongly, it was no surprise that the 0.7250 level stepped in and offered support once it was broken through so strongly.

XAUUSD - Eases from Resistance at $1900 Level on Vaccine Hopes

on November 19, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week or so the XAUUSD has rallied back to the current key level of $1900 where it has met resistance again forcing it lower. It was only two weeks ago that XAUUSD made another run at the $1900 level however it surged through to a six week high above $1960 before falling even more sharply returning all gains in falling to a five week low around $1850. Since that time, it made the recent run towards $1900 before being sold off again. The $1900 level has played a significant role for the last three months and for the last almost two months, the XAUUSD has spent most of its time trading back and forth around this level.

Silver in Symmetrical Pennant. NZDUSD at 20-month Highs.

on November 17, 2020 | By Brad Alexander | USDCHF, XAUUSD, Market Blast Videos, Gold, NZDUSD, usdjp, Technical Analysis, XAGUSD, Silver, Coronavirus, Stochastic Oscillator, IBEX, ES35, Symmetrical Pennant

Welcome to this week’s Market Blast Technicals where we will look at the IBEX (ES35), Silver (XAGUSD), Gold (XAUUSD), NZDUSD, USDCHF, and USDJPY.

COVID Vaccine Reaction. IBEX the Big Winner.

on November 10, 2020 | By Brad Alexander | USDCHF, XAUUSD, US100, Gold, USOil, WTI, usdjp, Technical Analysis, Fibonacci, NASDAQ, Coronavirus, IBEX, ES35

Welcome to this week’s Market Blast Technicals where we will look at the IBEX (ES35), the NASDAQ (US100), (Gold (XAUUSD), WTI (US Oil), USDCHF, and USDJPY.

Market Recap: 2 - 6 November

on November 9, 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 surging higher to a six week high above the key 0.7250 level. Just prior to the surge higher, the AUDUSD had fallen sharply back down through support at the key 0.7050 level down to a three month low below 0.70. Generally in the last few weeks, the AUDUSD has spent most of its time trading between two key levels, meeting resistance at 0.7250 and being supported at 0.7050, after having fallen sharply through the 0.7250 level down to a then two month low below the key 0.7050 level in late September.

XAUUSD - Trades Around Key $1900 Level as U.S. Election Uncertainty Assists

on November 5, 2020 | By Stuart McPhee | XAUUSD, Gold

In the last week the XAUUSD has rallied back to the current key level of $1900 which has played a significant role for the last three months. For the last few weeks, the XAUUSD has spent most of its time trading back and forth around this level, after falling strongly through the $1900 level which had been providing strong support for many weeks, down to a two month low below $1860. Up until the initial break lower in late September, the XAUUSD had rested on strong support at the key $1900 level after having moved sharply back and forth in the few weeks prior. The $1900 level will be expected to continue to provide some support to gold, as it seems to content to trade not far away from it.

US Elections Tonight! Indices and Crude Recovering.

on November 3, 2020 | By Brad Alexander | GBPUSD, XAUUSD, Market Blast Videos, HK50, Gold, USOil, WTI, Technical Analysis, Fibonacci, Hang Seng, Stochastic Oscillator, US Elections

Welcome to this week’s Market Blast Technicals where we will look at the Hang Seng (HK50), WTI (USOil), Gold (XAUUSD), and GBPUSD.

US Elections - 4 Scenarios

on October 26, 2020 | By Brad Alexander | EURUSD, DJIA, XAUUSD, Market Blast Videos, US30, Gold, Fundamental Analysis, US Elections

Welcome to this week’s Market Blast Fundamentals where we will look at the US Elections, EURUSD, the Dow Jones Industrial Average (US30), and Gold (XAUUSD).

XAUUSD - Rallies Back to $1830 as OECD Lifts Global Economic Outlook

WTI & Brent Crude Consolidating Ahead of OPEC Meeting

Market Recap: 16 - 20 November

XAUUSD - Eases from Resistance at $1900 Level on Vaccine Hopes

Silver in Symmetrical Pennant. NZDUSD at 20-month Highs.

COVID Vaccine Reaction. IBEX the Big Winner.

Market Recap: 2 - 6 November

XAUUSD - Trades Around Key $1900 Level as U.S. Election Uncertainty Assists

US Elections Tonight! Indices and Crude Recovering.

US Elections - 4 Scenarios

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