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ForexTrading.TV
A ForexTrading.TV Technical Analysis Video Alert for XAUUSD
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EUR/USD approaches 1.1000 as DXY drops below 103.00
EUR/USD rose to 1.0988, reaching the highest intraday level since August 11. The pair trades near 1.1000, supported by broad-based US Dollar weakness. The DXY dropped below 103.00 to the lowest in three months.
GBP/USD flirts with 1.2700 as US Dollar collapses
GBP/USD rose further during the American session and challenges the 1.2700 mark. A weaker US Dollar continues to support the upside in the pair, as well as central banks' imbalances, with hawkish comments from the BoE and a softer message from Fed's officers.
Gold heading towards 2020 record high
Gold prices extended gains on Tuesday, with XAU/USD trading as high as $2,038.45 after Wall Street's opening, currently holding nearby. The US Dollar has remained under selling pressure since the day started.
Dogecoin price might recover losses if volume picks up
Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.
Eurozone bank lending continues to weaken as economy adjusts to higher rates
Loans to businesses are now 0.3% lower than in October last year, the first annual decline since July 2015. This confirms that monetary tightening is having a clear effect on the economy. A divide between countries is also opening up.