country flagالعربية
0

Gold under pressure on Tuesday after the dollar index rose

2018-07-10 11:37 am | Resource: NEWS | No Views : 80



Gold was under pressure on Tuesday, after the dollar index rose from its lowest level in a month as part of a correction on US economic data today.

The dollar index rose 0.28 percent on Tuesday, reversing its losses in five sessions in a row to 94.30, its highest level in a week.

Markets are looking for job opportunities and May job turnovers, which could rise to 6.88 million from 6.70 million in April.

Last week, US data on monthly jobs, which rose in the US more than expected in June, were released, according to a report released by the Labor Department on Friday.

Non-farm jobs jumped 213,000 jobs in June after rising 244,000 jobs in May, the report said

Gold prices fell 0.48% to $ 1253, after hitting a high of $ 1260 and a low of $ 1252 compared to opening at $ 1285.

Looking at silver, it lost 0.74% to $ 16.00, after reaching a high of $ 16.19 and a low of $ 16.00.


Other analysis

OIL Technical analysis 16 August 2018

Time frame Used - four hours Oil is moving in a bearish direction in the near term The selling force managed to control the movement of the oil to break the support level of 66.30 down to reach the second support level of 64.84, forming a positive candlestick pattern   In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of the indicators to…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.