by OverviewFX | Aug 21, 2024 | Forex
Gold pulls below record high; might give up more ground Market trend stays positive as long as price holds above 2,463 Gold lost momentum after unlocking an all-time high of 2,531 on Tuesday near the rising constraining line drawn from July’s low, but it maintained...
by OverviewFX | Aug 21, 2024 | Forex
There was no major news on the wire to trigger the minor selloff in global equities, so it was nothing else than a correction after a long rally following an ugly meltdown. As such, the S&P500 and Nasdaq were slightly down, by around 0.20% each, the European Stoxx...
by OverviewFX | Aug 21, 2024 | Forex
Markets The recent comeback momentum on US stock markets stalled yesterday with main US benchmarks suffering minor losses (-0.25%) following an astonishing rally over the past two weeks. Other directional trades continued. US Treasuries outperformed German Bunds with...
by OverviewFX | Aug 21, 2024 | Forex
USDJPY remains below 200-day SMA and uptrend line RSI ticks higher reflecting the latest move USDJPY is gaining some ground after three consecutive red days and losing around 3% from the 149.50 resistance level. The market has been trading beneath the long-term...
by OverviewFX | Aug 21, 2024 | Forex
NZDUSD stages a V-shaped recovery from 2024 low The pair jumps above 200-day SMA to its highest since June 14 Oscillators improve notably, suggesting increasing bullish bias NZDUSD has been steadily regaining ground since the beginning of the month after finding its...
by OverviewFX | Aug 21, 2024 | Forex
Gold keeps firm tone and consolidating under new record high ($2531) posted on Tuesday, with third consecutive daily close above $2500 level, pointing to clear break. The yellow metal holds in a steep multi-month uptrend and has registered gains of nearly 22% since...
