Monthly Archives: May 2018

Crude Oil: Oil trading on a weaker footing, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.18% against the USD and closed at USD66.86 per barrel, on reports that OPEC and Russia are considering increasing crude production by 1.0 million barrels per day. … Continue reading

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Silver: White metal trading lower in the Asian session

Silver Movement For the 24 hours to 23:00 GMT, Silver declined 0.42% against the USD and closed at USD16.42 per ounce. In the Asian session, at GMT0300, the pair is trading at 16.39, with silver trading 0.18% lower against the … Continue reading

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Gold: Yellow metal reverses its gains in the morning session

Gold Movement For the 24 hours to 23:00 GMT, Gold rose 0.16% against the USD and closed at USD1304.50 per ounce, as a broad weakness in global equities increased demand for the precious yellow metal as an alternative investment. In … Continue reading

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AUD/USD: Australia’s building approvals plunged in April

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD declined 0.58% against the USD and closed at 0.7502. LME Copper prices declined 0.65% or $44.5/MT to $6841.5/MT. Aluminium prices declined 0.96% or $44.5/MT to $2260.0/MT. In the Asian … Continue reading

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USD/CAD: Loonie trading on a weaker footing, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD and closed at 1.3020. In the Asian session, at GMT0300, the pair is trading at 1.3028, with the USD trading 0.06% higher against the … Continue reading

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USD/CHF: Swiss trade surplus widened beyond expectations in April

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.24% against the CHF and closed at 0.9910. On the data front, Switzerland’s trade surplus widened more-than-expected to CHF2.3 billion in April, after registering a revised surplus of … Continue reading

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USD/JPY: Japan’s retail trade sharply rebounded in April, whereas large retailers’ sales surprisingly dipped in the same month

USDJPY Movement For the 24 hours to 23:00 GMT, the USD declined 0.78% against the JPY and closed at 108.58. The Japanese Yen gained ground against the USD, as political turmoil in Italy boosted demand for the safe haven currency. … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3258. In the Asian session, at GMT0300, the pair is trading at 1.3247, with the GBP trading 0.08% lower against the … Continue reading

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EUR/USD: Euro trading on a weaker footing, ahead of key economic releases across the Euro-zone

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1541, as deepening political instability in Italy continued to dent investor sentiment. In economic news, French consumer confidence index surprisingly remained … Continue reading

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Trading Signals as per 29-May-2018

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9898 0.9958 USD/CAD SELL Active 1.3002 1.2962 AUD/USD BUY Active 0.7508 0.7558 NZD/USD BUY Active 0.6904 0.6954 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many third-party trading signals that connect … Continue reading

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Crude Oil: Oil trading on a weaker footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.32% against the USD and closed at USD66.98 per barrel. However, gains in crude prices were limited, as investors were grappled with concerns that major oil producers … Continue reading

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