EUR/AUD Technical: AUD Weakness Stalling after RBA’s Cautionary Stance on Inflation

Near-term action remains directionless and holding within the range which extends into fourth consecutive day. Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily technical studies. Moving averages are setup, though converging 55/200DMA’s are on track to generate bullish signal on potential formation of a golden cross. Also, […]

Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by sideways consolidation without significant bounces. Tuesday’s decline has an important implication on the tech analysis side. The […]

Overnight, the gold price briefly exceeded $2300, recording another round level, not counting an update of the all-time high. This is an occasion to assess gold’s prospects, which are becoming a little less unambiguous. Touching the level of $2300 marked the achievement of the 161.8% Fibonacci retracement of the growth impulse from 29 February to […]