FXHIGHWAY

 Breaking News

Evening update for currencies & commodities 25/8/2017

News Date: 25/8/2017 06:55:38
 

The EURUSD pair keeps its consolidation above 1.1783 level, to keep our positive forecast active for today, waiting to test 1.1910 level initially, while the positive targets extend to reach 1.2100 on the near term basis, while achieving them requires settling above 1.1704.

Sterling tests the descending channel's resistance, and the bearish trend still valid unless surpassing 1.2850 level and settling above it, reminding you that our waited targets begin at 1.2750 and reach 1.2588 on the near term basis.

The USDJPY pair keeps its stability below 109.90, thus, the bearish trend still valid for today, waiting to test 108.60 level again, which breaking it represents the key to extend the bearish wave towards 107.83.

Gold prices witness stability above the main bullish trend line, to keep the bullish trend dominant for today, which its targets begin at 1295.46 and extend to 1320.00, while achieving them requires settling above 1285.00.

Crude oil shows weak trades since morning and still above 47.22 level, which makes us continue with our bullish trend forecast for the coming period, as the price needs to surpass 48.44 level to confirm heading towards 50.42 as a first main target.

The US dollar index moves within narrow track since morning and still below 94.40 level, thus, the bearish trend still dominant on the short term basis, reminding you that our main waited targets that reach to 91.91 then 91.35

Sponsored by: CloudsIndex.com

Latest news

Yesterday morning, gold and oil prices know some relatively satisfactory results, but they open this morning with an increase in their price levels. After that, the prices for the fixed price of gold
05-2020 27 02:16:05

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
05-2020 26 05:46:33

With the beginning of the invasion of the Corona virus to the world, the world economy retreated and the prices of some commodities and currencies contracted, and with commitment to preventive measur
05-2020 25 07:55:44

During the last session yesterday - Thursday, the American shares ended their trading lower, as they led their indicators to the bottom ,and this had a negative impact on a group of sectors, as losse
05-2020 22 04:09:00

For the third day in a row, Japanese stock indices ended the day trading higher, supported by the hopes of reopening the economy, as the Nikkei 225 rose by 0.79% to win 203.66 points and reach the le
05-2020 20 07:34:01

More News

Logs

Advertisements