Silver: White metal reverses its gains in the Asian session

Silver Movement On Friday, Silver prices rose 1.99% to USD 20.79 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.65, 0.65% lower from Friday’s close. Silver is expected to find support … Continue reading

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Gold: Yellow metal starts the week on a lower footing

Gold Movement On Friday Gold prices traded higher by 1.14% against the USD in the period ending 21:00GMT, at 1307.90 per ounce, as the situation in Russia and Ukraine worsened. Over the weekend, the US released satellite images which showed … Continue reading

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USD/CAD: Loonie trading above its MA’s

USDCAD Movement On Friday, the USD rose 0.60% against the CAD to close at 1.0810 following upbeat durable goods orders data from the US. In the Asian session, at GMT0300, the pair is trading at 1.0813, with the USD trading … Continue reading

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USD/CHF: Swiss Franc trading tad lower in the Asian session

USDCHF Movement On Friday, the USD rose 0.23% against the CHF and closed at 0.9046. In the Asian session, at GMT0300, the pair is trading at 0.9049, with the USD trading marginally higher from Friday’s close. The pair is expected … Continue reading

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USD/JPY: Japanese Yen trading between its MA’s

USDJPY Movement On Friday, the USD is trading marginally lower against the JPY and closed at 101.77. The Japanese Yen extended its previous session’s gains triggered by IMF’s decision to upgrade Japan’s growth outlook for this year. In the Asian … Continue reading

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GBP/USD: UK economy emerges from six-year downturn, UK Chancellor George Osborne

GBPUSD Movement On Friday, the GBP marginally declined against the USD and closed at 1.6980, despite data indicated that the recovery in the British economy is on track. Official data released indicated that GDP rose 0.8% in Q2, on a … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 0.11% against the USD for the period ending 21:00GMT, closing at 101.94, after a sharp decline in the average US price of gasoline offset the supply concerns arising from escalating violence … Continue reading

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AUD/USD: Aussie extends its losses in the Asian session

AUDUSD Movement On Friday, the AUD weakened 0.19% against the USD to close at 0.9398. Australian Treasurer, Joe Hockey reassured New Zealand, Australia’s second biggest trading partner, that the Australian economy is in good condition and the nation is not … Continue reading

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EUR/USD: US dollar trading higher ahead of US services and composite PMI data

EURUSD Movement On Friday, EUR declined 0.23% against the USD and closed at 1.3433, after the Ifo sentiment indices from Germany, Euro-zone’s largest economy, disappointed. Data showed that the German business sentiment dropped for a third consecutive month to 108.0 … Continue reading

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Trading Signal as per 25-July-2014

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.3416 1.3461 USD/JPY SELL Active 102.22 101.77 USD/CHF SELL Active 0.9062 0.8992 AUD/USD SELL Active 0.9452 0.9382 GBP/CHF SELL Active 1.5382 1.5292 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 102.05, reversing its previous session’s gains triggered by an unexpected sharp decline in US weekly crude stockpiles and an upbeat … Continue reading

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