FxAnalysis

The Australian dollar continues to rocket to the upside as it looks like we are heading toward the 0.69 level, given enough time, as the Chinese economy and the RBA support it.

The US Dollar (USD) accelerated its bearish route at the weekly opening, gaping lower against most major rivals. The EUR/USD pair peaked at 1.1876, its highest since last September, on the back of headlines indicating a bilateral intervention of the Japanese Yen (JPY).

The USD/ZAR is near the 16.02000 level early this morning as global financial markets have turned dynamic and Forex has provided day traders fast speculative conditions.

EUR/USD bullish, hits 1.1897. Signals: Buy @ 1.1760, Sell @ 1.1960. Weak USD & Fed anticipation drive gains. Sell near 1.2000 resistance advised.

Gold hits record $5110; trend strongly bullish. Trading signals: Buy @ $4940, Sell @ $5220. Weak USD & geopolitics drive rally. Buy pullbacks advised.

The GBP/USD exchange rate jumped to the highest level since September last year, continuing an uptrend that started in November last year when it bottomed at 1.3017. It rose after the UK published strong macro numbers, raising the odds of a Federal Reserve and Bank of England divergence.