Gold storms above $2,050, hits new all-time highs

Gold has been extending its non-stop ascent, topping $2,050 less than 24 hours after breaking above $2,000. Dollar weakness and speculation about further stimulus is pushing the precious metal higher.


Gold News

EUR/USD nears 1.19 amid mixed US data

EUR/USD is trading close to 1.19, extending its gains after ADP's private-sector report badly misses expectations with an increase of only 167,000 jobs in July. The greenback had already been falling with yields. The ISM Non-Manufacturing PMI beat with 58.1. 


GBP/USD trades well above 1.31 amid dollar weakness

GBP/USD is advancing towards this month high at 1.3169, recovering as the dollar retreats. The UK government is under scrutiny for its management of the virus crisis. US Services PMIs are eyed. The ADP NFP missed with 167K.


ETH/BTC on retreat, BTC recovery gains traction

ETH/BTC has topped at $0.03528 on Tuesday and retreated to $0.03448 by the time of writing. The cross has lost about 1% since the start of the day. The RSI on a daily chart reversed to the downside, signaling that the price is ready for a correction from overbought territory.

Read more


More Latest News



Dhwani Mehta

Gold has been on a roll, hitting the highs of $2,046.44 at the time of writing. What's next for XAU/USD? Fundamentally, the precious metal depends on more fiscal stimulus from Washington – as Republicans and Democrats are inching closer to a larger package.

Another factor to watch is economic data, and clues toward Friday's Non-Farm Payrolls. The recent resurgence of coronavirus may push the economy lower and raise interest for gold.

How is XAU/USD technically positioned?

The Technical Confluences Indicator is showing that gold faces resistance at $2,045, which is the convergence of the previous 4h-high and the Bollinger Band 15min-Upper.

The most significant hurdle awaits XAU/USD at $2,055, which is the confluence of two pivot points – the one-month REsistance 1 and the one-day Resistance 2.

Read Full Report


BTC/USD resumes the recovery, $12,000 back in focus

Bitcoin extended the recovery and hit the intraday high of  $11,617, At the time of writing, BTC/USD is changing hands at $11,570 with over 3.5% gains since the start of the day. 

More Bitcoin News

XRP/USD under $0.3000 after Ripple announces the investment in XRPL Lab

Ripple's XRP dropped below $0.30 after a failed attempt to settle above $0.3200 during early Asian hours. The coin has lost over 4% in the recent 24 hours and stayed mostly unchanged since the beginning of the day. 

More Ripple News

ETH/USD back on recovery track, $400.00 in focus

Ethereum, the second-largest digital asset came close to $400. If this psychological barrier is cleared, the price may retest the recent high of $415 and continue the recovery towards $450.

More Ethereum News

Altcoin Market Update: ETC and XLM face continual bearish correction

ETC/USD bears stayed in control for the fourth straight day. ETC/USD is currently priced at $7.13. The sellers are looking to get the price below the $7-level.The RSI is trending horizontally around 59.46.

More Cryptocurrencies News




EUR/USD Weekly Forecast: Non-Farm Payrolls may trigger much-needed (temporary) correction

Europe's coronavirus advantage over the US has been one of the prominent reasons for EUR/USD's advance. Can the rally continue? The next moves mostly depend on the dollar side of the equation – with Non-Farm Payrolls standing out. Summer is proving volatile for the world's most popular currency pair. 

Read full analysis

GBP/USD Weekly Forecast: Will Bailey bail out the bears? BOE, buildup to NFP set to rock rising cable

Benefiting from the misery of others – there was nothing to support the pound, but the dollar's weakness proved more influential. Will this trend extend or reverse? An updated view on the US labor market via the all-important Non-Farm Payrolls, the Bank of England's rate decision, and coronavirus-related news is all of the interest. 

Read full analysis

USD/JPY Weekly Forecast: Friday’s are for profit taking

Dollar/yen breaks 106.00 support on Monday and 105.00 on Wednesday. General dollar weakness infects USD/JPY down 2.5% in six sessions to Friday’s low. US statistics, Covid, stimulus paralysis in Washington played a part in drop. Ministry of Finance comments, profit taking, better US statistics, Treasury rates and month-end positioning prompted sharp dollar recovery on Friday.

Read full analysis

AUD/USD Weekly Forecast: RBA in tough spot as AUD/USD surges to 18-month highs

The AUD/USD pair closed the first four days of the week in the positive territory and touched its highest level since February 2019 at 0.7228 during the Asian trading hours on Friday. Although the pair staged a technical correction and pulled away from its highs, it finished the sixth straight week in the positive territory and gained more than 4% in July.

Read full analysis

Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000

Bitcoin has had its best week since mid-2019. The first digital currency gained over 18% in a single week and hit the new highest level of 2020. At the time of writing, BTC/USD is changing hands at $11,358 and the upside momentum is gaining traction as Bitcoin bulls are pushing at the upper line of the weekly Bollinger Band. 

Read full analysis

Gold Weekly Forecast: There are some very interesting Fibonacci extensions from the 1980's

There has been lots of data to digest this week and maybe the Fed's, non-committal tone was enough to put the breaks on gold for now. The Federal Reserve has stated they keep the rate of QE at the current levels. There could have been a small chance that they would have committed to a more aggressive stance.

Read full analysis

FXS Signals



Become Premium! Now more Live Sessions!

Enjoy FXStreet educational webinars with the most advanced advice and market commentary and best trading tips and techniques to help you be a better trader. Small group sessions & Multi-device Service.Now more than 35 Forex monthly live webinars!



Date Event Title Sponsor More Info
Premium Price Action Live Trading Jay Lakhani Event Details
Premium Elliott Wave Theory Live Trading Juan Maldonado Event Details
LIVE NFP: 172nd Non-Farm Payrolls Coverage Wayne McDonell Event Details
Tradewithufos Nailing FX Reynaldo Soriano Event Details
Be Premium Now