Gold rallied right now only because the Dollar Index has plunged after the US data dump. The Final GDP registered a 6.7% growth in the Q2 beating the 6.6% growth expected. In addition, the Final GDP Price Index rose by 6.1% as expected. Unfortunately, the Unemployment Claims registered an …
CAD/JPY Further Growth Possible!
CAD/JPY dropped a little in the short term, but the outlook remains bullish. It could jump higher if the JP225 (Nikkei) resumes its growth. Technically, a temporary decline was somehow expected after its most recent leg higher. The pair has found temporary resistance and now it has slipped lower. …
USD/CHF Continuation Pattern!
The USD/CHF pair moves somehow sideways in the short term around a support zone, former resistance area. The price tries to accumulate more bullish energy before jumping higher. The price could develop an important upwards movement if the Dollar Index jumps higher after its temporary …
