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Dollar Index is almost flat
FOREX After a few sessions characterised by weakness, the Dollar Index is almost flat during the early part of Wednesday’s session. The greenback’s losses over the last few days were the result of investors starting to accept that perhaps it is too early to be worrying about inflation, and that perhaps the Fed will remain[…]
The US dollar is edging higher
FOREX The US dollar is edging higher versus a basket of other major currencies during early Tuesday trading, following three consecutive sessions marked by greenback weakness. After a pause for Easter, traders returned to their desks to find that the American economy is still in pole position for the economic recovery, something that became clearer[…]
A rebound for the Gold
GOLD Technical analysis detractors would not have much to celebrate looking at the gold chart. Indeed, in the last few hours gold perfectly rebounded from the technical and graphical support placed at $1,677, drawing a very precise double bottom. The strong rebound, with a recovery of more than $50 in less than two days, confirmed[…]