Daily Archives: August 1, 2014

Trading Signals as per 1-August-2014

Pair Action Status Stop Loss Take Profit USD/CAD SELL Active 1.0972 1.0902 GBP/CHF SELL Active 1.5342 1.5252 GBP/USD BUY Active 1.6778 1.6848 USD/CHF BUY Active 0.9048 0.9118 EUR/USD SELL Active 1.3348 1.3418 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading

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Crude Oil: Oil demand to grow 1.2 mb/d, OPEC

Crude Oil Movement Crude Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 97.76. In a noteworthy development, the OPEC Monthly Oil Market Report for July 2014 projected that the world oil demand … Continue reading

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Silver: White metal reverses its losses in Asian session

Silver Movement Silver prices declined 1.33% to USD 20.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 20.43, 0.2% higher from yesterday’s close. Silver is expected to find support at … Continue reading

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Gold: Yellow metal reverses its losses in the Asian session

Gold Movement Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, after US labour costs recorded their biggest gain in more than 5-1/2 years in the second quarter boosted the economy’s outlook, which … Continue reading

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AUD/USD: AiG performance of manufacturing index comes to expansion territory in July

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.25% against the USD to close at 0.9302. LME Copper prices rose 0.6% or $ 45.5/MT to $ 7135.5/MT. Aluminium prices rose 1.7% or $ 34.0/MT to $ … Continue reading

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USD/CAD: Loonie extends its losses in the Asian session despite upbeat GDP data from Canada

USDCAD Movement For the 24 hours to 23:00 GMT, the USD marginally rose against the CAD to close at 1.0906. The Canadian Dollar lost ground despite Canada’s economic growth data registering its fifth monthly rise, expanding 0.4% (MoM) in May … Continue reading

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USD/CHF: Swiss Franc converging with its MA’s

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.9088. The Swiss Franc gained ground despite Moody’s slashing its outlook for Swiss banking system to ‘Negative’ from ‘Stable’. In the … Continue reading

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USD/JPY: Yen trading lower following soft PMI data.

USDJPY Movement For the 24 hours to 23:00 GMT, the USD marginally weakened against the JPY and closed at 102.81. Yesterday, the IMF urged Japan to continue implementing economic reforms in the nation as failure to do so would endanger … Continue reading

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GBP/USD: UK House prices slowed in July, Nationwide

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.11% against the USD and closed at 1.6888. Yesterday, the Nationwide reported that on a monthly basis, the seasonally adjusted house prices in the UK climbed 0.1% in … Continue reading

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EUR/USD: US Dollar trading tad higher ahead of US nonfarm payrolls data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3389, after inflation in the Euro-zone continued its downward trend and fell to its lowest level in almost five years in … Continue reading

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