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#6
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GoldHolds $1,355 as Uncertainty Grows
Gold bugs were offered a temporary reprieve from having to make a potentially painful break at $1,355. The 2.0 percent drop by the precious metal over the opening 48 hours of the week contradicted the growing financial threat that surrounded Syria as well as the benchmark US dollar’s steady drop. details |
#7
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Dollar Extends Longest Drop in a Month, Momentum Still Absent
With equities on the rise and the US 10-year Treasury yield easingback from its Taper-driven surge to 3.00 percent, it comes as little surprise that the USDollar suffered its fourth consecutive daily drop. While this is only the longest series of losses in a month, it is all the more remarkable for the fact that it has made serious progress in tracing its way down from the earl-July highs. details |
#8
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GOLD TECHNICAL ANALYSIS � Prices broke below support at 1315.07, the 38.2%.
Fibonacci expansion, exposing the 50% level at 1277.89. The 1316.01 mark has been recast as near-term resistance, with a reversal back above that eyeing the 1347.52-60.96 region marked by a horizontal pivot as well as the 23.6% expansion. details |
#9
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The European Central Bank (ECB) is expected to keep the benchmark interest rate at 0.50% as the monetary union returns to growth, but President Mario Draghi may show a greater willingness further embark on the easing cycle in an effort to encourage a stronger recovery.
What�s Expected: Time of release: 10/02/2013 11:45 GMT, 7:45 EDT Primary Pair Impact: EURUSD Expected: 0.50% Previous: 0.50% DailyFX Forecast: 0.50% details |
#10
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