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Investing.com
3 Things Under the Radar This Week
Investing.com - Here are three things that flew under the radar this week.
FX Empire
Gold Price Forecast – The Final Breakdown
On Tuesday, I explained how gold has been forming interim highs in the opening days of a new month; prices peaked the next day at $1489.90. The final breakdown is underway, and our work supports a bottom by mid-December.
FX Empire
Gold Price Prediction – Prices Drop and Momentum Reverses on Robust US Jobs Growth
The unemployment rate returned to historical lows
MarketWatch
Here’s everything investors need to know ahead of Britain’s election next week
It may seem as if the U.K. has been mired in political turmoil forever, but the deadlock over Brexit and the country’s future may just be broken next week when the public goes to polls.
FX Empire
Gold Weekly Price Forecast – Gold Markets Show Signs Of Exhaustion
Gold markets initially tried to rally during the week but have turned around to form a very bearish looking candlestick on top of support. It’s obvious that the next couple of weeks are going to determine what happens next in the precious metals markets.
FX Empire
USD/JPY Weekly Price Forecast – US Dollar Continues To Grind Sideways
The US dollar fell during the week but did see some positivity on Friday after the stronger than anticipated jobs figure. It makes sense at this point that we continue to see a lot of sideways action, but we are on the verge of some type of break out.
FX Empire
GBP/USD Weekly Price Forecast – British Pound Finally Breaks Out
The British pound broke out during the week, breaking above the crucial 1.30 level kicking off a bullish flag. This of course has been helped by a little bit more certainty with the UK elections.
FX Empire
GBP/JPY Weekly Price Forecast – British Pound Breaks Out
The British pound broke out against the Japanese yen during the week, finally slicing through the resistance barrier that had been keeping it down for quite some time. At this point, it looks as if we are ready to continue going higher as the election looms.
FX Empire
EUR/USD Weekly Price Forecast – Euro Shows Signs Of Exhaustion
The Euro has shown signs of exhaustion after initially rallying during the week but pulling back yet again. At this point, the 1.10 level is support.
FX Empire
AUD/USD Weekly Price Forecast – Australian Dollar Forms Massive Bullish Candle
The Australian dollar has broken higher during the trading week, as we continue to see moves to the upside. There is a massive amount of support underneath at the 0.67 level as we have formed a bit of a “double bottom” in that area, and as a result now we have to question whether or not a trend change is about happen.
FX Empire
Gold Price Forecast – Gold Markets Break Down Significantly
Gold markets got crushed during the day on Friday as a major “risk on” trade has come into play after a strong job summer. Having said that, we are still above significant support.
FX Empire
USD/JPY Price Forecast – US Dollar Recovers Against Yen
The US dollar has recovered against the Japanese yen after initially falling on Friday, due to the stronger than anticipated jobs number. Beyond that, we also have the so-called “golden cross” getting ready to occur.
FX Empire
GBP/USD Price Forecast – All Await The Elections
The British pound has pulled back just a bit on Friday, as the jobs number in the United States was better than anticipated. That being said though, it doesn’t really matter as this pair tends to be focusing on Brexit more than anything else right now.
FX Empire
GBP/JPY Price Forecast – British Pound Continues To Power Higher After Pullback
The British pound pulled back a bit during the trading session on Friday, but then turned around to show signs of strength again. This continues the overall “risk on” trade situation.
FX Empire
EUR/USD Price Forecast – Euro Falls As Jobs Number Impresses
The Euro fell during the trading session on Friday, as the US jobs number came out much stronger than anticipated. This sent money flowing towards the US dollar, so this point is very likely that the market should continue to favor the downtrend.
FX Empire
AUD/USD Price Forecast – Australian Dollar Remains Range Bound
The Australian dollar had rallied a bit during the trading session on Friday, and as the jobs never came out of America much stronger than anticipated, there was more of a “risk on” sentiment out there.
FX Empire
Gold Price Is Down This Morning, What’s Next?
February gold futures seemed to show some life over the past week with volatility in the stock market once again picking up; It was short lived. This morning’s blowout, incredibly positive non-farm payrolls number indicated 266,000 jobs were added vs the expectations for 188,000.
Investing.com
Stocks - Wall Street Soars as Traders Cheer Strong Jobs Report
Investing.com – U.S. stocks shed trade and political worries Friday to surge to their highest levels since the end of November.
Investing.com
Stocks Soar After Bullish Jobs Report
Investing.com – Stocks on Wall Street surged Friday but were slightly off their highs after the Labor Department reported a larger-than-expected gain on nonfarm payrolls and a decline in the jobless rate.
Investing.com
Gold Floored by U.S. Jobs; Palladium Makes New Highs
Investing.com – Gold has a new nemesis in the form of U.S. jobs numbers to beat it down, while palladium proved its record-making streak just cannot be stopped.
The Block
Coinbase’s Visa debit card adds support for DAI stablecoin
Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin. Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering.The post Coinbase’s Visa debit card adds support for DAI stablecoin appeared first on The Block.
Investing.com
Forex: Dollar Surges Against Euro on Stronger U.S. Jobs Report
Investing.com – The U.S. dollar rallied on Friday as stronger-than-expected U.S. jobs gains last month reaffirmed beliefs that the economy remained on solid footing.
FX Empire
USD/CAD – Canadian Dollar in Holding Pattern Ahead of Job Numbers
The Canadian dollar is flat on Friday, but that could change in the North American session. Canada and the U.S. will both release key employment numbers at 15.:30 GMT.
FX Empire
EUR/USD Mid-Session Technical Analysis for December 6, 2019
Based on the early price action and the current price at 1.1094, the direction of the EUR/USD the rest of the session on Friday is likely to be determined by trader reaction to the downtrending Gann angle at 1.1111. This angle stopped the buying earlier in the session.
Investing.com
Gold Falls as Strong Payrolls Data Send Risk Assets Higher
Investing.com -- Gold prices tumbled on Friday after a stronger-than-expected U.S. labor market report sent risk assets soaring and drained money from havens.