Japanese Yen Has Scope to Extend Gains on Global Slowdown Fears

Fundamental Forecast for Japanese Yen: Bullish Looking for Rebound to Yield Yen Sell Entry vs. US Door Yen Crosses Stair Step Lower; Selling Rallies Now Favored Speculative Sentiment Suggests USDJPY Downside Ahead The Japanese Yen managed to regain its footing last week as global stock prices recorded their worst performance in over three months. The move played to the Yen's appeal as a safe-haven asset, sought...

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Gold down in New York

Gold prices were slightly lower on Thursday, paring most losses after sliding over 1 percent earlier when it was sold off with the euro, oil and equities as investors sold riskier assets heading into the quarter's end.But analysts said they thought prices were destined to stay in a mostly sideways range for now as counter-balancing factors and conflicting economic data offset each other. "There's...

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Gold prices up at end of week

ELKO — Gold prices rose today, with the spot price on the New York Mercantile Exchange at $1,668.70, up $7.30 as the dollar weakened. The futures price for May contracts on the Comex division was at $1,666.70, while the London P.M. fix price was at $1,662.50, up from $1,657.50, following losses earlier in the week. Shares of Barrick Gold Corp. were up 35 cents to $43.48, but shares of Newmont...

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Forex Trading iPhone App: Trade on the Go With FX Solutions

NEW YORK, March 30, 2012 -- /PRNewswire/ -- Organizing your forex trading account and keeping up to date with the latest market movements can be a struggle for part time traders. Those choosing to trade with FX Solutions, can access the professional iPhone® forex trading Appfor the iPhone® and iPod® Touch; enabling part-time and full-time trading around work...

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Forex Trading Weekly Forecast - Big Week for Currencies Ahead

Both the Dow Jones FXCM Dollar Index and S&P 500 showed restrained volatility this past week - interestingly enough just off of their own relative highs. Will we finally find trend and an accord on fundamental bearing next week with Friday's NFPs?...

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GBP/USD Pushes Above 1.60 with Persistent Bullish Momentum

After GBP/USD found support at 1.5850, the market rallied sharply during the 3/29 US and 3/30 European-Asian session. As we get into the 3/30 US session (Friday), the market has pushed above the previous resistance near 1.60. The RSI in the 4H chart has stayed above 40 since mid March, and has been able to tag or kiss 70, a sign of persistent bullish momentum since the rally began March 12/13. The daily chart shows that the...

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British Pound at Critical Point with BoE in Crosshairs

  The British Pound was the best major performing currency this past week, gaining 0.82 percent against the U.S. Dollar and 1.92 percent against the worst performer, the Australian Dollar. The Sterling’s strong week caps what was a strong month, in which it was also the top performing major currency: the Pound was up 0.53 percent against the U.S. Dollar; it gained 2.58 percent against the Japanese Yen; and it slaughtered...

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