Monthly Archives: November 2017

Crude Oil: Oil extends its gains in the Asian session, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.37% against the USD and closed at USD57.12 per barrel, after the American Petroleum Institute (API) reported that US crude oil stockpiles fell more-than-anticipated by 6.4 million … Continue reading

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Silver: White metal trading on a weaker footing this morning

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.86% against the USD and closed at USD17.05 per ounce, tracking gains in gold prices. In the Asian session, at GMT0400, the pair is trading at 17.04, with silver … Continue reading

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Gold: Yellow metal trading lower in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.2% against the USD and closed at USD1280.10 per ounce, as a broad weakness in the greenback boosted demand for the precious yellow metal. In the Asian session, at … Continue reading

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AUD/USD: RBA unlikely to increase interest rates in the near term: Philip Lowe

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.38% against the USD and closed at 0.7578. Yesterday, the Reserve Bank of Australia’s (RBA) Governor, Philip Lowe ruled out the possibility of a near-term interest rate hike … Continue reading

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

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD and closed at 1.2779. On the macro front, Canada’s wholesale sales surprisingly eased 1.2% on a monthly basis in September, confounding market consensus for … Continue reading

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USD/CHF: Switzerland’s trade surplus narrowed in October

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.2% against the CHF and closed at 0.9914. In economic news, Switzerland’s trade surplus narrowed to CHF2.33 billion in October, after recording a surplus of CHF2.92 billion in … Continue reading

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USD/JPY: Japanese Yen trading higher this morning

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.11% against the JPY and closed at 112.44. In the Asian session, at GMT0400, the pair is trading at 112.29, with the USD trading 0.13% lower against the … Continue reading

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GBP/USD: Britain’s public sector net borrowing posted a deficit in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3239. On the macro front, UK’s public sector net borrowing posted a deficit of £7.5 billion in October, higher than market … Continue reading

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EUR/USD: Euro trading slightly higher, ahead of the Euro-zone’s consumer confidence data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.1736. In the US, data indicated that existing home sales climbed more-than-expected by 2.0% on a monthly basis to a level … Continue reading

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Trading Signals as per 21-November-2017

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9898 0.9948 USD/JPY BUY Active 112.28 112.78 EUR/JPY BUY Active 131.58 132.48 NZD/USD SELL Active 0.6841 0.6791 GBP/CHF SELL Active 1.3204 1.3114 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 on a stronger footing, ahead of API’s weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.49% against the USD and closed at USD56.35 per barrel, amid fresh doubts whether the OPEC’s next week meeting would result in an extension of output cuts. … Continue reading

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