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

UK Inflation Accelerates More Than Forecast

European Stocks Close Weak On Geopolitical Concerns

Swiss Market Ends Notably Lower

Rally May Stall For South Korea Stock Market

Euro Declines Amid Ukraine-Russia Tensions

TSX Ends Slightly Higher

Dollar Rises Against Major Counterparts

South Korea Producer Prices Slip 0.1% In October

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Tags

Dollar Rises Against Major Counterparts

UK Inflation Accelerates More Than Forecast

European Stocks Close Weak On Geopolitical Concerns

Swiss Market Ends Notably Lower

Rally May Stall For South Korea Stock Market

Euro Declines Amid Ukraine-Russia Tensions

TSX Ends Slightly Higher

Dollar Rises Against Major Counterparts

South Korea Producer Prices Slip 0.1% In October

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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