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Monthly archive February, 2020

Silver Bounces off Key Support

XAG/USD (silver) has been sliding since tagging the 22 handle in February.


(silver 4h chart, 4/24)

Exhaustion?
This week silver consolidated by started to dip during the 4/24 session. As we got into the US part of the session, silver dipped Read More →

Gold Retreating from the August Falling Trendline

XAU/USD 4H chart 10/9/2013 6:42PM ET

(Click to enlarge)

Falling trendline: Gold price was unable to clear above 1330 during the 10/8-9 sessions as it tested a falling trendline that comes down from the 1433.52 August high. After the Read More →

Thailand Central Bank Unexpectedly Cuts Key Rate

Thailand's central bank slashed its key interest rate unexpectedly on Wednesday, citing a weaker-than-expected outlook, partly due to the Wuhan coronavirus outbreak.Original Article Read More →

Gold Breaks Rising Channel but Still Looks Bullish

XAU/USD 1H chart 10/25/2013 10:10AM ET

(Click to enlarge)

Rising Channel: Gold has been rallying since 1251 in a rising channel seen in the 1H chart. It is stalling after hitting 1350 during the 10/24 session. It has failed Read More →

GBP/USD Awaiting Breakout from Consolidation under the 61.8% Retracement

GBP/USD 4H chart 7/24/2013 7:00AM ET

(click to enlarge)

61.8% Retracement: The GBP/USD has been rallying from the 1.4812, 2013 and July low, and is stalling just below 1.54, where we have 61.8% retracement of the 1.5750-1.4812 decline. As Read More →

U.S. Private Sector Employment Soars Amid Mild Winter Weather

A report released by payroll processor ADP on Wednesday showed much stronger than expected private sector job growth in the month of January. ADP said private sector employment soared by 291,000 jobs in January after jumping by a revised 199,000 Read More →