By CountingPips.com
The U.S. dollar has been mixed in forex market trading today against the other major currencies while the American stock markets have had a positive session so far today. The dollar has gained ground versus the euro, Canadian dollar and the New Zealand dollar while losing ground against the British pound sterling and the Japanese yen in today’s forex trading action. The dollar is trading close to unchanged against the Swiss franc and the Australian dollar from the day’s opening exchange rates.
The U.S. stock markets, meanwhile, have had a positive session today with the Dow gaining by approximately 35 points, the Nasdaq increasing by over 14 points while the S&P 500 is up by over 5.00 points at time of writing.
In commodities, Oil has moved lower by $0.79 to $87.83 per barrel while gold has declined by approximately $20 to trade at the $1,365.50 per ounce level.
Spot Gold Daily (XAU/USD) Chart – Gold has tumbled sharply today in the spot gold trading market to the 1,365.00 level and has broken the rising trendline that has held for quite some time. The precious metal is currently trading right at its 50-day moving average.
