DailyForex.com Team

DailyForex.com Team
Published articles: 884

About DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

Latest 10 Articles

The Dubai Financial Services Authority (or DFSA) recently granted Pepperstone a license to operate in Dubai, which would let the broker provide its financial products to United Arab Emirates residents as well as to the residents of other Arab states of the Persian Gulf.

The US dollar went back and forth during trading on Monday as we continue to see a lot of indecision’s when it comes to the USD/JPY pair.

Cautious wait-and-see mode characterizes GBP/USD price performance in recent trading sessions, while maintaining the upward momentum and indifference to important economic releases.

High level trade negotiations will certainly be the major theme this week as Chinese officials head to Washington to resume talks with their US counterparts.

Bitcoin, the largest and most influential cryptocurrency, is once again turning lower which has created the fourth lower high since June of this year.

Gold came under selling pressure after reaching a multi-year intra-day high of 1,556.74 which is marked by the red rectangle in the chart.

The NZDUSD just completed a breakout above its support zone which is marked by the grey rectangle in the chart.

As this currency pair is approaching its 61.8 Fibonacci Retracement Fan Support Level, bearish momentum started to decrease.

A new bearish momentum for gold prices ahead of the release of US economic growth figures, which will have a strong impact on the US dollar and therefore on gold prices that are currently established, around $ 1277 an ounce at the time of writing.

Ahead of the release of US economic growth figures later in the day, the USD/JPY is attempting to bounce back up to 109.78 at the time of writing, after bearish pressure pushed the pair to test the 109.14 support level.