FX

In another encouraging vaccine development from the Old Continent, European Commission President Ursula von der Leyen announced on Saturday that the EU has struck a deal with BioNTech/Pfizer for up to 1.8 billion extra doses of their Covid-19 vaccine. “Happy to announce that the EU Commission has just approved a contract for guaranteed 900 million […]

Gold bulls have eyes on a 61.8% Fibo monthly target of $1,850. Shorter-term, the bears can target at least a drift to a 38.2% Fibo at 1.807 or the daily support, near $1,800. Will NFP be the catalyst to test the commitments at $1,820/25 on a soft US dollar? Update: Gold retreated from fresh three-month highs

GBP/USD spikes to over one-week tops, around 1.3970 on weaker NFP report The GBP/USD pair caught some aggressive bets during the early North American session and shot to over one-week tops, around the 1.3970 region in reaction to the dismal US jobs report. The headline NFP showed that the US economy added only 266K new

Equity markets shrug off a shocking jobs report to rally anyway. No news is good news, bad news is good news as the dip dominates. Bears have been hibernating and face possible extinction. Well after a fairly sluggish start to the week things certainly sprang to life on Friday as a brutal employment report was

NZD/USD bulls catch a breather around the intraday top. China data, risk-on mood favor buyers to confirm the bullish chart pattern. Pre-NFP trading lulls battles sustained trading above 200-SMA to confuse traders. Having recently jumped to 0.7244, NZD/USD eases to 0.7238 while flirting with the neckline of a short-term head-and-shoulders bullish pattern during early Friday.

Gold has broken above the $1,800 mark, hitting the highest levels since February. The Confluence Detector is showing that XAU/USD has very few barriers through $1,850. Update: Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence Detector It has finally happened – Gold has staged a convincing break above the $1,800, hitting