Crude Oil: Oil reverses its losses, ahead of the EIA’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 6.1% against the USD and closed at 28.34, on the back of bearish report issued by the International Energy Agency (IEA). The IEA cautioned that oil … Continue reading

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Silver: White metal trading lower this morning

Silver Movement For the 24 hours to 23:00 GMT, the Silver declined 0.68% against the USD and closed at 15.28, tracking losses in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.24, with the silver … Continue reading

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Gold: Yellow metal trading on a stronger footing in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, the Gold declined 0.16% against the USD and closed at 1189.5, reversing its previous session gains. However, gold prices see-sawed throughout the session, amid a slight recovery in global equity markets. … Continue reading

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AUD/USD: Aussie trading on a weaker footing, ahead of Australia’s consumer inflation expectation data

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.04% against the USD and closed at 0.7075. LME Copper prices declined 0.92% or $42.0/MT to $4530.5/MT. Aluminium prices declined 0.27% or $4.0/MT to $ 1492.0/MT. In the … Continue reading

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USD/CAD: Loonie trading on a weaker footing this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.43% against the CAD and closed at 1.3872. In the Asian session, at GMT0400, the pair is trading at 1.3915, with the USD trading 0.31% higher from yesterday’s … Continue reading

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USD/CHF: Switzerland’s unemployment rate remained unchanged in January

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 1.38% against the CHF and closed at 0.9735. In economic news, Switzerland’s seasonally adjusted unemployment rate unexpectedly remained steady at 3.4% in January while markets expected it to … Continue reading

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USD/JPY: Japanese Yen trading higher in the Asian session

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the JPY and closed at 115.19. On the economic front, Japan’s preliminary estimate of machine tool orders recorded a fall of 17.2% YoY in January, following … Continue reading

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GBP/USD: Pound trading tad higher, ahead of UK’s industrial and manufacturing production data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.4467, after UK’s total trade deficit declined more than anticipated to £2.71 billion, compared to a revised deficit of £4.03 billion … Continue reading

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EUR/USD: Germany’s industrial production fell sharply in December

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.83% against the USD and closed at 1.1290. In economic news, Germany’s seasonally adjusted industrial production surprisingly dropped 1.2% MoM in December, registering its strongest drop since August … Continue reading

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Trading Signals as per 9-February-2016

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 0.9932 0.9802 GBP/USD SELL Active 1.4542 1.4382 AUD/USD SELL Active 0.7092 0.7012 EUR/JPY SELL Active 130.02 128.32 NZD/USD BUY Active 0.6584 0.6659 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading

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Silver: White metal trading higher this morning

Silver Movement For the 24 hours to 23:00 GMT, the Silver rose 4.11% against the USD and closed at 15.39, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 15.405, with the silver … Continue reading

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