Monthly Archives: March 2017

Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 2.23% against the USD for the 24-hour period ending 23:00GMT, closing at 49.56, after the Energy Information Administration (EIA) reported that US crude oil inventories rose less-than-expected by 0.87 million barrels in the … Continue reading

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Silver: White metal trading lower in the morning session

Silver Movement Silver prices rose 0.39% to USD 18.24 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 18.17, with the silver trading 0.36% lower … Continue reading

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Gold: Yellow metal trading on a weaker footing this morning

Gold Movement Gold prices traded 0.15% higher against the USD in the 24-hour period ending 23:00GMT, at USD 1255.50 per ounce, as uncertainty about Brexit talks, French elections and the US President Donald Trump’s economic policies boosted demand for the … Continue reading

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AUD/USD: Double delight for Australia as new home sales rebound in February and job vacancies register an increase for the third consecutive quarter

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.42% against the USD to close at 0.7665. LME Copper prices rose 1.26% or $72.5/MT to $5847.0/MT. Aluminium prices rose 0.65% or $12.5/MT to $1931.0/MT. In the Asian … Continue reading

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USD/CAD: Loonie trading lower this morning

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CAD to close at 1.3331. In the Asian session, at GMT0300, the pair is trading at 1.3343, with the USD trading 0.09% higher against the … Continue reading

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USD/CHF: KOF institute downgrades Swiss 2017 economic growth projection

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.41% against the CHF and closed at 0.9961. In economic news, Switzerland’s KOF institute projected the nation to grow by 1.5% in 2017, down from its December 2016 … Continue reading

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USD/JPY: A slew of economic releases awaited in Japan

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 111.09. In the Asian session, at GMT0300, the pair is trading at 111.3, with the USD trading 0.19% higher against the … Continue reading

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GBP/USD: Theresa May triggers Article 50, kick-starts historic Brexit process

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.2439, after the British Prime Minister, Theresa May triggered Article 50 and formally began Britain’s divorce from the European Union. She … Continue reading

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EUR/USD: German flash CPI for March awaited

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.46% against the USD and closed at 1.0764. In economic news, German import price index advanced above expectations by 0.7% on a monthly basis in February and after … Continue reading

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Trading Signals as per 29-March-2017

Pair Action Status Stop Loss Take Profit USD/CHF SELL Active 1.0002 0.9902 GBP/USD BUY Active 1.2348 1.2488 USD/JPY SELL Active 111.52 110.62 USD/CAD BUY Active 1.3318 1.3398 NZD/USD BUY Active 0.6992 0.7045 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading

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Crude Oil: Oil trading higher, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.34% against the USD and closed at USD48.48 per barrel, following severe disruption to Libyan crude oil supplies and the latest comments from OPEC officials suggesting that … Continue reading

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