Gold prices fluctuated in a narrow range tilted towards the decline during the Asian session, condoning the decline in the US dollar index for the second consecutive session from its highest since April 24, according to the inverse relationship between them on the threshold of developments and economic data expected …
The dollar against the yen trades bounced lower after testing the 107.68 level, and as we indicated yesterday, this level represents the resistance of the sideways range that confines the intraday trading, and whose support level is at 106.44, to make the bearish bias likely for the day.
In general, …
The pair is turning up, remaining in a wide range of 1.0750–1.1000 amid the risk of a new wave of coronavirus pandemic. Also, investors seem hesitant to actively buy the dollar ahead of Jerome Powell’s speech.
Technical side:
The price is above the middle Bollinger band, above SMA 5, …
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