Forex News

September 19, 2020
Gold Price Analysis: XAU/USD could extend downward correction below $1,925
XAU/USD failed to make a decisive move in either direction this week. $1,925 aligns as a critical support for gold. The descending triangle on the daily chart points out to a bearish outlook. The troy ounce of the precious metal fluctuated in a relatively tight range throughout the week and closed with a gain of…
September 18, 2020
Gold Price Analysis: Still sideways leading into next week
Gold is trading 0.34% higher after another slow week. The Fed did the precious metal no favours with no changes in policy. Gold daily chart Gold has had another tough week as the Fed disappointed the market with no real additional information about the new policies. There was one thing of now as the dot…
September 18, 2020
The FT are reporting that Brussels have rejected Johnson’s changes to internal market bill
EU rejects the UK Internal Market Bill – of course! On Thursday Boris Johnson's Conservative government published their proposed changes to the internal market bill. The bill has received parliamentary approval (House of Commons) but is set to go to the House of Lords to see if the bill is passed into law. The bill would…
September 18, 2020
Oil Price Analysis: After yesterday’s JMMC meeting WTI settles near $40 per barrel
WTI has dropped 0.82% on Friday after the excitement on Thursday. The commodity looks set to close the week almost 9% higher. WTI 1-hour chart WTI has been through a rollercoaster this week. The liquid gold has been in a downtrend leading into the OPEC+ JMMC meeting and then reversed the whole move. At the…
September 18, 2020
S&P 500 top movers: Aptiv PLC (APTV: NYSE) up more than 5% on price target hike
S&P 500 looks to close third straight week in the red. Aptiv PLC (APTV: NYSE) shares jump after Morgan Stanley hikes price target. Major cruise liners' shares suffer heavy losses on Friday. The S&P 500 Index (SPX) started the last day of the week modestly lower and continued to push lower. At the moment, the SPX…