Gold price continues higher for the third consecutive session reaching the highest level in almost two weeks. A weaker dollar is the main force that drives the gold price
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles832
Nikolas Papas is a technical analyst of forex, stock market indices and commodities. His skills include technical analysis, forex, stocks, crypto and financial writing.
EURGBP trades on negative foot as investors digest a set of macroeconomic news from Eurozone and U.K. The correction that started the previous week after the rejection at 200-day moving average continues below the 0.8950.
EURUSD continues higher for one more day after mixed economic data from the old continent. The European Monetary Union EMU) Manufacturing PMI came in at 51.7
ASX 200 index extend loses for third consecutive session underperforming it’s Asian peers, after a mixed session in Wall Street and a gloomy day in Europe.
USDTRY resumes the uptrend today after three straight trading session of loses, after disappointing GDP figure from Turkey.
Brent crude oil price trades higher for one more day hitting the highest level since March 9 after Abu Dhabi said that it would cut crude supplies by 30%.
GBPUSD retreat from eight-month highs as British investors enjoying a bank holiday in the U.K. after strong gains on Friday session. A weak USD has sparked a rally in most G7 currencies
ASX 200 index gives up early gains and turns lower despite the positive momentum in Wall Street, with Nasdaq and S&P 500 ending the Friday session in fresh record highs.
Dax index trading lower for the second straight day, ignoring the positive momentum in Wall Street. Dow Jones ended higher while the S&P 500 hit another record
Nikkei 225 fell on late trading after reports that Prime Minister Shinzo Abe will resign due to health problems. The other major Asian indices ended mostly higher.
Bitcoin price continues to feel the selling pressure after the recent sharp correction. Bitcoin rally stalled at 12,462 and the correction that started two weeks ago continues despite the risk-on sentiment in the markets
FTSE 100 continues to underperform the major global indices as the Brexit negotiations deadlock weighs on investors sentiment.