Another Bearish Pullback for EUR/USD?
EURUSD continues to trend lower as it formed fresh lows after hitting the resistance on its descending trend line. Price looks prime for another test…
Posts Tagged: Debt Ceiling
Gold Stuck Below $2,000 for Tenth Straight Session During Quiet Memorial Day Trade
Gold futures were subdued during the quiet Memorial Day holiday session. With US markets closed, the yellow metal was trading relatively flat as it attempted…
AUD/JPY Double Top Break and Retest
AUDJPY recently fell through the neckline of its double top pattern on the hourly chart, signaling that a selloff of the same size is due….
Gold Extends Slide As Dollar Safe-Haven Demand Weighs on Metal
Gold futures weakened in the middle of the trading week amid a strengthening US dollar. Investors have been taking shelter in the greenback during the…
US Dollar Index (DXY) Tops 103.50 As Debt Ceiling Fears Spark Safe-Haven Demand
The US dollar maintained its momentum amid the debt ceiling crisis that is leaving global financial markets on edge. Investors dismissed economic data on Tuesday…
USD/CAD Triangle Breakout Due?
USDCAD has formed lower highs and higher lows to consolidate inside a symmetrical triangle pattern. Price is currently approaching the peak of the formation, signaling…
US Dollar Index (DXY) Rises As Bitter Debt Ceiling Debate Rages On
The US dollar is joining the broader financial market’s rally on Tuesday. The greenback, which has been on a tear over the last month, has…