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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Dollar Down on All Fronts Except JPY Following Fed Statement

After suffering a mild setback following the release of yesterday’s Federal Funds Rate policy statement, the USD now seems poised for a come-back. At the opening of the US market today at 12:30 GMT, forex traders will catch a glimpse of US retail sales and unemployment claims which are both expected to show a continuation of growth in the United States helping the USD regain some of yesterday’s losses.

Forex Highlights

USD – Dollar Down on All Fronts Except JPY Following Fed Statement

EUR – The Sterling Remains under Downward Pressure

JPY – Yen Falls on Low Safe-Haven Demand

Crude Oil – Oil Prices Rebound above $70 a Barrel

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Technical vs Fundamental Analysis in Forex Trading

As a beginner in forex trading you might wonder which analysis suits you best – technical or fundamental. Is it better to concentrate on one of them, or rather combine the two for better understanding? What do other traders use to analyze price movements?

Read full article about technical and fundamental analysis here