Crude Oil: Oil trading higher in the morning session, ahead of EIA’s inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.61% against the USD and closed at USD51.44, as expectations of an extension to production cuts by major producers overshadowed a White House proposal to sell … 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, the Silver declined 0.61% against the USD and closed at USD17.08, following losses in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.99, with the Silver … Continue reading

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Gold: Yellow metal extends its losses in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, the Gold declined 0.82% against the USD and closed at USD1251.90. per ounce, amid strength in the US Dollar. In the Asian session, at GMT0300, the pair is trading at 1251.7, … Continue reading

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AUD/USD: Aussie Dollar trading lower in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.38% against the USD and closed at 0.7481. On the economic front, Australia’s Westpac leading index declined 0.12% in April, from an increase of 0.08% reported in March. … Continue reading

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USD/CAD: Canadian Dollar trading lower, ahead of BoC’s interest rate decision

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.03% against the CAD and closed at 1.3515. In economic news, wholesales sales rose less than expected by 0.9% in March, compared to a revised gain of 0.3% … Continue reading

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

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.18% against the CHF and closed at 0.9757. Meanwhile, data showed that Swiss trade surplus dropped to CHF 1.97 billion in April, from a revised trade surplus of … Continue reading

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USD/JPY: Japanese Yen trading lower this morning

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.43% against the JPY and closed at 111.80. On macro front, Japan’s final machine tool orders rose 34.7% YoY in April, meeting the initial estimates. In the Asian … Continue reading

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GBP/USD: UK public sector net borrowing rose in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2961, after a suspected terrorist attack in UK’s Manchester city killed at least 22 people and left around 60 people injured. … Continue reading

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EUR/USD: Euro trading slightly lower, ahead of Mario Draghi’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.48% against the USD and closed at 1.1186. Macroeconomic data showed that manufacturing PMI recorded an unexpected rise to a level of 57.0 in May in the Eurozone, … Continue reading

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Trading Signals as per 23-May-2017

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.1208 1.1288 USD/CHF BUY Active 0.9668 0.9738 GBP/USD SELL Active 1.3042 1.2942 USD/JPY BUY Active 110.68 111.48 EUR/JPY SELL Active 125.72 124.52 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 weaker footing in the morning session, ahead of the API’s weekly crude inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.89% against the USD and closed at USD51.13, boosted by growing expectations that major oil exporters would agree to extend supply cuts this week and on … Continue reading

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