The price of gold, in $ terms, kicked off the week on a negative tone, concluding the day down nearly 0.50%. Reclaiming a large portion of Friday’s gains, daily flow is seen eyeballing a retest of a support area coming in at 1272.5-1261.5.
In recent sessions, the US dollar fell as the market shrugged off a GDP beat. Despite this, the currency managed to hold the majority of the week’s gains around the 98.00 handle (US dollar index).
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EUR/USD: The euro yielded additional ground to its US peer Thursday, down 0.20% on the day and drafting its third consecutive daily loss. The dollar sustained its upward momentum, though stalled at fresh 2019 highs of 98.32 despite hotter-than-expected US durable goods orders. Quasimodo support at 1.1130 on the H4 timeframe nudged its way into … Continue reading Friday 26th April: Dollar trades at 2019 highs ahead of today’s GDP release.
EUR/USD: Starved of support, the single currency fell sharply vs. its US counterpart Wednesday, down 0.77% as of writing. Capital continued to bolster the US dollar, forcing the dollar index, or ‘DXY’, above weekly resistance at 97.72 to fresh 2019 highs of 98.19. The euro was also affected by the move in German bonds and … Continue reading Thursday 25th April: Dollar extends advance and refreshes 2019 yearly highs
