forex news

Gold Technical Analysis: Pennant formation points to continuation of the bearish trend

   •  The commodity stalled its goodish recovery move from 19-month lows near 38.2% Fibonacci retracement level of the $1217-$1160 recent downfall.     •  Subsequent price action between two converging trend-lines constituted towards the formation of a bearish continuation pattern – pennant, on the shorter time frame.     •  Weakness below the pattern support, currently […]

forex news

Eurozone inflation data amongst market movers today – Danske Bank

Analysts at Danske Bank point out that in the euro area, we have the final HICP figures for July released and will be a key economic release for today’s session. Key Quotes “The initial estimates showed headline and core inflation at 2.1% and 1.1%, respectively. Judging from the country figures, we do not expect any revisions but […]

forex news

Turkey Consumer Confidence fell from previous 73.1 to 68.3 in August

NEWS | 2 minutes ago By FXStreet Team Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own […]