Gold rises to 100-DMA, above $ 1100

FXStreet (Mumbai) – The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil.Gold benefits from weaker USDCurrently, gold trades 0.48% higher at fresh session highs of 1102, having found good support near 1097 region. Gold edged higher this session amidst positive equities and oil price recovery, although markets remain concerned whether the recovery will sustain. At the moment, Nikkei rallies +1.40% and China stock markets are up nearly 1%.Moreover, a pick-up in investors’ confidence in the yellow metal as evidence by rising demand, also added to the upbeat sentiment around the bullion. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 664.17 tonnes on Friday from 662.09 tonnes on Thursday.As Bloomberg reports, “Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016.”Looking ahead, it’s a big week for gold as the global central banks’ events are lined up, with the much-awaited Fed decision closely eyed for further cues on the Fed’s interest rates outlook.Gold Technical LevelsThe metal has an immediate resistance at 1109.80 (Jan 20 High) and 1111.10 (Jan 8 High). Meanwhile, the support stands at 1095.75 (1h-100-SMA) below which doors could open for 1091.35 (1h 200-SMA/ 20-DMA).The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil. (Market News Provided by FXstreet)Запись Gold rises to 100-DMA, above $ 1100 впервые появилась Forex.

Gold rises to 100-DMA, above $ 1100

FXStreet (Mumbai) – The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil.Gold benefits from weaker USDCurrently, gold trades 0.48% higher at fresh session highs of 1102, having found good support near 1097 region. Gold edged higher this session amidst positive equities and oil price recovery, although markets remain concerned whether the recovery will sustain. At the moment, Nikkei rallies +1.40% and China stock markets are up nearly 1%.Moreover, a pick-up in investors’ confidence in the yellow metal as evidence by rising demand, also added to the upbeat sentiment around the bullion. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 664.17 tonnes on Friday from 662.09 tonnes on Thursday.As Bloomberg reports, “Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016.”Looking ahead, it’s a big week for gold as the global central banks’ events are lined up, with the much-awaited Fed decision closely eyed for further cues on the Fed’s interest rates outlook.Gold Technical LevelsThe metal has an immediate resistance at 1109.80 (Jan 20 High) and 1111.10 (Jan 8 High). Meanwhile, the support stands at 1095.75 (1h-100-SMA) below which doors could open for 1091.35 (1h 200-SMA/ 20-DMA).The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil. (Market News Provided by FXstreet)Запись Gold rises to 100-DMA, above $ 1100 впервые появилась Forex.

Gold rises to 100-DMA, above $ 1100

FXStreet (Mumbai) – The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil.Gold benefits from weaker USDCurrently, gold trades 0.48% higher at fresh session highs of 1102, having found good support near 1097 region. Gold edged higher this session amidst positive equities and oil price recovery, although markets remain concerned whether the recovery will sustain. At the moment, Nikkei rallies +1.40% and China stock markets are up nearly 1%.Moreover, a pick-up in investors’ confidence in the yellow metal as evidence by rising demand, also added to the upbeat sentiment around the bullion. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 664.17 tonnes on Friday from 662.09 tonnes on Thursday.As Bloomberg reports, “Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016.”Looking ahead, it’s a big week for gold as the global central banks’ events are lined up, with the much-awaited Fed decision closely eyed for further cues on the Fed’s interest rates outlook.Gold Technical LevelsThe metal has an immediate resistance at 1109.80 (Jan 20 High) and 1111.10 (Jan 8 High). Meanwhile, the support stands at 1095.75 (1h-100-SMA) below which doors could open for 1091.35 (1h 200-SMA/ 20-DMA).The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil. (Market News Provided by FXstreet)Запись Gold rises to 100-DMA, above $ 1100 впервые появилась Forex.

Gold rises to 100-DMA, above $ 1100

FXStreet (Mumbai) – The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil.Gold benefits from weaker USDCurrently, gold trades 0.48% higher at fresh session highs of 1102, having found good support near 1097 region. Gold edged higher this session amidst positive equities and oil price recovery, although markets remain concerned whether the recovery will sustain. At the moment, Nikkei rallies +1.40% and China stock markets are up nearly 1%.Moreover, a pick-up in investors’ confidence in the yellow metal as evidence by rising demand, also added to the upbeat sentiment around the bullion. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose to 664.17 tonnes on Friday from 662.09 tonnes on Thursday.As Bloomberg reports, “Hedge funds more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a year, and the value of the ETPs has jumped by $3 billion in 2016.”Looking ahead, it’s a big week for gold as the global central banks’ events are lined up, with the much-awaited Fed decision closely eyed for further cues on the Fed’s interest rates outlook.Gold Technical LevelsThe metal has an immediate resistance at 1109.80 (Jan 20 High) and 1111.10 (Jan 8 High). Meanwhile, the support stands at 1095.75 (1h-100-SMA) below which doors could open for 1091.35 (1h 200-SMA/ 20-DMA).The yellow metal opened the FOMC week on a firmer footing, and advanced through $ 1100 barrier, despite the ongoing relief rally in stocks and oil. (Market News Provided by FXstreet)Запись Gold rises to 100-DMA, above $ 1100 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.

AUD/USD revisits daily highs above 0.7000

FXStreet (Mumbai) – The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.AUD/USD revisits daily highs Currently, the AUD/USD pair trades modestly flat at 0.7007, bouncing-off a brief dip to session lows at hourly 50-SMA of 0.6981. The AUD/USD pair broke its overnight consolidation phase and broke to the downside in recent dealings, before finding fresh bids at hourly 50-SMA. The AUD bulls took back control and now flirts with daily highs on 0.70 handle, as the risk sentiment improves tracking the extended rally in the Asian stocks. Japan’s Nikkei jumps 1.39%, while the ASX 200 rallies +1.60%.The upbeat tone around the Aussie can be also attributed to the on-going recovery in oil prices from twelve-year troughs, with markets starting to believe that the black gold may have found a floor after the prices rebounded nearly 9% last week. However, the gains remain capped as investors digest the week economic data from Australia released earlier on the day. The NAB Business Confidence fell back to 3 in December after hitting 5 in November; the Business Conditions Index also fell to 7 in December after it rising to 10 in November.Later today, there is nothing relevant in terms of economic news for the Aussie, and hence, focus remains on the FOMC statement and Aus CPI report due later this week. AUD/USD Levels to watch’The pair heads higher and finds the immediate resistance at 0.7013/15 (1h 20-SMA/ daily R2) above which gains could be extended to the next hurdle located at 0.7050 (Jan 13 High/ psychological levels). On the flip side, the immediate support located at 0.6981 (Daily Low/ 1h 50-SMA) Selling pressure is likely to intensify below the last, dragging the Aussie to 0.6940/38 (10-DMA/1h 200-SMA).The AUD/USD pair erased losses and jumped back on the bids above 0.70 handle, as a turnaround in the risk conditions over the last hours provided fresh impetus to the Aussie.

(Market News Provided by FXstreet)Запись AUD/USD revisits daily highs above 0.7000 впервые появилась Forex.