EUR/USD on the 0.9700 level is struggling between a crucial area where there is dynamic support. To confirm that this is a significant level, the price is still in an accumulation pattern looking for who will win between the buyers and the seller's fight. The price is still under the 50 Moving avera

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USD/JPY holds the lower ground below 104.00 heading into the European open, mainly undermined by the persistent weakness in the US dollar amid economic rebound expectations. Further, upbeat Japanese Industrial Production and Retail Sales for October cheer the JPY bulls, weighing further on the spot.

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Updates on gold:- Gold continues to linger below the $1,900 levels. - On the daily chart, a series of lower highs are observed – pointing towards a decline in the future unless this trend is broken. -

In a more positive turn of events regarding US lawmakers could be reaching an agreement on fiscal stimulus, American equities and treasury yields moved up higher while the dollar moved downwards. Hopefully, this positive move will also be reflected in the Asian stocks.

It was seen to pullback from $1,921 (a fresh weekly high). This is a result of the strengthening of the USD due to risk aversion sentiment in the market. XAU/USD has consolidated the biggest losses in 2 weeks under $1,900 and is currently staying pressured at the $1,877 levels.

Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy or sell.The standard size for a lot is 100,000 units of currency, and now, there are also mini, micro, and nano lot sizes that are 10,000, 1,0

AUD Traders – Stay tuned for two key releases today: Reserve Bank of Australia (RBA) interesting rate decision and Aussie budget. In terms of forecast, no change in interest rate are expected but a dovish tone is expected, especially since RBA Deputy Governor Guy Debelle has expressed concern over a

A key data release today would be the Non-Farm Payroll, out of the US. What will the numbers tell? The latest weekly job claims showed a positive story, as it dipped to 837,000 (a decline of 36,000 from the previous week). Overall, the market sentiment around the world is positive – with the number