DailyForex.com Team

DailyForex.com Team
Published articles: 712

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

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.

The JPY continues to gain more against its major counterparts.

An unexpected landslide victory for a party supporting Brexit at any way in the EU election has increased pressure on the GBP/USD, which has raised expectations that Britain could exit the EU without a deal.

The foggy Brexit future along with further Japanese Yen gains, continues to negatively impact the GBP JPY, which fell to the support level at 138.03 at the time of writing, the lowest for more than four months.