From Our Foreign Exchange Blog

Latest:

POUND STERLING / AUSTRALIAN DOLLAR EXCHANGE RATE: (GBP-AUD) CONTINUES TO BE SOLD-OFF

POUND / US DOLLAR EXCHANGE RATE: GBP-USD STARTS TO EDGE HIGHER, IS MARCH SLUMP OVER?

POUND EURO EXCHANGE RATE: GPB-EUR MOVES ABOVE 1.2 AGAIN

POUND RATE TODAY (GBP): BRITISH POUND EXCHANGE RATE COMPLEX FINDS A LITTLE LOVE

DOLLAR RATE TODAY: USD EXCHANGE RATES COME UNDER EARLY PRESSURE ON WEDNESDAY

EURO RATES TODAY: EURO EXCHANGE RATE COMPLEX REMAINS UNDER SELLING PRESSURE

Monday:

EXCHANGE RATES TODAY: BRITISH POUND (GBP) IN INFLATION DATA BOOST, UP VS USD, EUR

POUND STERLING (GBP) VS AUS DOLLAR EXCHANGE RATE IN FRESH LOSSES ON TUESDAY

EURO EXCHANGE RATE TODAY: EUR UP VS GBP BUT DOWN VS USD AND AUD AS GERMAN IFO DISAPPOINTS

CANADIAN DOLLAR / POUND STERLING EXCHANGE RATE: CAD REMAINS RESILIENT TO GBP ADVANCES

POUND TO EURO SLUMPS TOWARDS 1.19, GERMAN IFO DATA + POSITIVE DATA SURPRISE FROM FRANCE HELPS

Friday:

Euro forecast for next week: EUR-USD to find support and trade in resilient fashion

US dollar forecast for next week, Downside bias may emerge for EUR-USD

Pound exchange rate forecast next week: British Pound in oversold territory

Canadian Dollar Rallies, Recovers from a Four and a Half-Year Low Against the US Dollar

Why is the Australian dollar so strong today? Pound to Aus Dollar Sinks on Friday

The Pound to Euro Exchange Rate is Lower on Friday: Why?

Pound to Dollar exchange rate: GBP-USD should remain under pressure as traders favour the greenback

Pound Sterling vs Canadian Dollar (GBP to CAD): Key Figures Due Out of Canada Today

Thursday:

Euro Pound Exchange Rate Slumps as Sterling Tracks US Dollar Higher

EURO EXCHANGE RATE TODAY: EUR/USD FALLS YET FURTHER AS MARKETS TURN SENSITIVE TO US DATA

CANADIAN DOLLAR TO USD TODAY: UNCERTAIN INVESTORS NOT YET READY TO SELL CAD

Silver prices, gold prices: A buy on a technical basis say Delta Index



The spot silver price is 1.48% higher at 32.45.

The spot gold price is 0.98% higher on the day at 1678.

Technical analysts at Delta Index had called silver and gold higher in their pre-market note to clients this morning.

While we may have moved on from the suggested entry points, the momentum indicators remain relevant to traders.

Silver prices have formed a bullish MACD crossover, Delta Index suggest a buy at 3220, a stop loss be set at 2974 and a take profit target at 3708.



Gold prices have also witnessed the formation of a bullish MACD crossover. A buy at 16676 has been called with a stop suggested at 16195 and a take profit level called for at 17630.

Gold was not so favourable amongst investors yesterday as it turned in a little decline down to 1635. 

"The precious metal is at 1670 this morning and so traders will be watching support and resistance levels closely seen at 1650/30/00 and 1685/1700/20 respectively," says Simon Denham at Capital Spreads.

Brent recaptured the $110 level yesterday after an impressive bounce in line with equity markets.

Even despite OPEC cutting its forecast for global oil demand crude prices are showing a bit of resilience with Brent at 110.80 this morning.

 

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