Dollar Rises Against Major Counterpartsfxcue.com

(fxcue news) - The U.S. dollar gained against its major counterparts on Wednesday as an escalation in Ukraine - Russia tensions pushed up the demand for the safe-haven currency. Also, despite imminent prospects of more interest rate cuts by the Federal Reserve, analysts are of the view that the central bank will be less aggressive with regard to the size of reduction and the frequency of cuts as well. The dollar index climbed to 106.92 eased to 106.67 later on, but still remained firmly placed above the flat line, gaining about 0.43%. Against the Euro, the dollar firmed to 1.0546 from 1.0597. Against Pound Sterling, the dollar strengthened to 1.2653, gaining from 1.2681. The dollar moved up sharply against the Japanese currency, fetching 154.44 yen a unit, up from previous close of 154.66 yen. Against Swiss franc, the dollar strengthened to 0.6506 from 0.6532 a unit of the Australian currency. The Swiss franc weakened slightly to 0.8841 against a unit of the dollar, while the Loonie eased to 1.3877 a unit of the greenback.

Dollar Rises Against Major Counterparts

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Dollar Rises Against Major Counterparts

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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Dollar Rises Against Major Counterparts

Yen Rises Against Majors

TSX Ends Slightly Higher

European Economic News Preview: UK Inflation Data Due

Yen Rises After BoJ Governor Ueda Comments

Canadian Market Down In Negative Territory

Europe New Car Sales Recover In October

Dollar Rises Against Major Counterparts

New Zealand Credit Card Data Due On Thursday

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Tags

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