FXstreet.com (Córdoba) – The Pound printed important gains against the Aussie on Wednesday. GBP/AUD rallied over 250 pips to post a fresh 8-day high at 1.7523 before retreating slightly to close the day at 1.7460, 1.08% above its opening price.

The pair entered into a consolidation phase at mid-American afternoon, but the Aussie has strengthened during the Asian session and has dragged the price lower. Currently GBP/AUD trades at 1.7420, 0.18% below its Thursday’s opening price.

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FXstreet.com (Córdoba) – Risk aversion environment has translated into a weaker Aussie and a stronger Yen. AUD/JPY slumped from 79.30 to 78.10 on Wednesday, closing the day 1.51% below its opening price and erasing almost completely its previous weekly gains.

At late NY trade, the pair reached the lowest price this week at 77.76 but found support and has bounced slightly. AUD/JPY is struggling to hold above the 78.00 level with the Nikkei opening 1.0% lower.

Currently AUD/JPY is trading at 78.07, right where it opened Thursday. Next support levels could be found at 77.80, 77.50 and 77.20, while resistances might be faced around 78.25/30, 78.70 and 79.00.

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The price of gold remains flat below $1,200 and not much above its 60-day low of $1,180 in mid-morning New York trade. The current gold price spot rate in New York is $1,190.70 per ounce after a closing price of $1,194.50 on July 22nd.
Though not far removed from its mid-June all time high price of $1,261, gold prices have been in a consistent downward corrective mode in the last month.
Generally perceived as one of the safest investments during economic uncertainty, gold has apparently reached a point in the short-term …Forex Rate – Forex and Exchange rates

It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the ‘

It’

FXstreet.com (Buenos Aires) ‘

Today I will go over what I think drives price movement in the markets, why I hold these beliefs, and why I think it is important to understand the forces in price movement. Keep in mind the following theories are my opinions, not absolute fact. I believeWhat Makes Prices Move?

People often ask “did fundamentals trump technicals on that trade?” or something along those lines. No offense to anyone out there, but that is a ridiculous question. There are not two boxers names “fundamental analysis” and “technical analysis” slugging it out for trading supremacy. Sometimes a major news announcement will shoot the price past a strong technical level, but that’s why I don’t enter trades right before a major news announcement. How do we measure “fundamentals” though? Does that mean an announcement today, the overall economic scope of a country over the past century, or something in between?

The reality is that the only force that moves prices in any market is the buying and selling of the financial instrument. For our purposes, we will use currency trading as an example, but this is true in all liquid, openly traded markets. Currency prices don’t fluctuate on their own. They only move up when traders are willing to buy at a price higher than the current price, and the only move down when traders are willing to sell at a lower price. That sounds incredibly simple, but this is a very important fact to establish.

Full Story – FX360

Gold prices have been on the rebound in the last two weeks after touching a near-term low at price on February 5th of $1,052.25. With a current (February 17) gold spot rate of $1,114.70 per ounce, the commodity has increased in worth by over $60 in 12 days.
Though down slightly from yesterday’

FXstreet.com (Sydney) ‘

The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high of $1,218.25 near the end of 2009.
Oil prices actually climbed a bit Wednesday morning to $75 after a Tuesday New York settle price of $74.71. Investors are waiting for the latest report on US inventory levels. …Forex Rate – Forex and Exchange rates