DailyForex.com Team

DailyForex.com Team
Published articles: 707

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

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.

US consumer confidence has increased more than expected amid weak US stock indexes and rising US-China trade tensions.

On Tuesday, markets and investors in the FX market will focus on reactions from the announcement of US consumer confidence.

The BCT/USD price jumped to the $9000 high.

For the second day in a row since the beginning of this week, the USD/JPY pair is moving in a narrow range between 109.27 and 109.62, which is stable around the time of writing.

A stronger-than-expected victory for the anti-EU parties and it policies, as well as the continuation of the global trade war and its negative impact on the Euro-Zone economy will further support downward pressure on the EUR/JPY