MUMBAI, Feb 05 Gold Trading prices after making an intermediate high at USD 1763 and corrected to close the day at USD 1725 on Friday as US economy added more jobs in January than forecast. Selling pressure gathered momentum after gold in New York slumped the most in five weeks as the US economy added more jobs in January [...]
The US dollar has maintained its status as the world’s main reserve currency for decades. More than half
Major stock indexes closed on Friday at highs not seen in months, with the Nasdaq reaching the highest in 11 years, while the dollar rose against the yen as a jump in US job creation fueled investor optimism.
Though the dollar ended Friday in the red, its performance was too bad. A sharp correction of intraday gains for the Dow Jones FXCM Dollar Index would leave the benchmark in the red, but it nevertheless ended well off the week’s lows
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* Strong US jobs data lifts greenback vs yen * Safe haven trade diminishes, euro gains on U.S.
The impressive NZDUSD rally since mid December has resulted in a technical condition similar to the one that preceded the nearly 1500 pip August 2007 decline.
Recently trading at multi year lows, the Yen crosses show signs of turning the corner.
Gold Trading price makes an Intermediate top at USD 1763 and falls
Gold Trading price rallies the most from Intermediate bottom at USD 1522
Gold Trading price steadies and rallies from trading bottom at USD 1625
Gold Trades make a trading top at USD 1631 and corrects
Gold Trades higher – Safe-Haven Buying Surfaces
Gold Trading Prices benefits from euro strength and Oil tensions in Iran
Mcx Tips | Crude Oil Price commences Intermediate rally