Gold Continues to Climb

While all the major currencies continue to provide mix results, there is still one extremely strong in the forex  market – the bullish Gold. During last night gold reached over $1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold’s uptrend.

Forex Highlights

USD – Is the Dollar Recovering?

EUR - Euro’s Bullishness Halts

JPY – Yen Strengthens on Positive Japanese Data

OIL – Oil’s Range Trading Continues; Tension in the Middle East Rises

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Gold Continues to Rise, Reaches $1,129 an Ounce!

The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher?

Forex Highlights

USD - Dollar Continues to Weaken Following Disappointing Data

EUR – Euro Sees Mixed Results against the Majors

JPY – Japan’s Interest Rate Announcement Expected this Week

OIL – Crude Oil Drops on Weak U.S. Energy Demand

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Forex Trading – One vs Multiple Currency Pairs

There are many aspects forex traders observe in order to pick the most profitable currency pair. Forex market has endless possibilities and no restrictions on which currency to choose and how many currency pairs to trade. The question is what are the most preferred currency pairs? How to choose the right currency pair? Is sticking to one-pair path beneficial or it is more profitable to multitask?

 

Read full article about forex currency pairs here