Monthly Archives: August 2014

Gold: Yellow metal reverses its losses this morning

Gold Movement Gold prices traded lower by 1.05% against the USD in the 24 hour period ending 23:00GMT, at 1277.70 per ounce, as a larger than expected drop in the first time US jobless claims and a string of upbeat … Continue reading

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AUD/USD: Aussie continues its gains in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.22% against the USD to close at 0.9305. LME Copper prices rose 1.2% or $ 81.0/MT to $ 7003.0/MT. Aluminium prices rose 1.1% or $ 21.5/MT to $ … Continue reading

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USD/CAD: Loonie trading higher, ahead of Canada’s CPI data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.0943. In the Asian session, at GMT0300, the pair is trading at 1.0938, with the USD trading marginally lower from yesterday’s … Continue reading

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USD/CHF: Swiss Franc extends its gains in the Asian session

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CHF and closed at 0.9115. In economic news, the Swiss trade surplus widened to CHF3.98 billion in July, compared to market expectations of a surplus … Continue reading

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USD/JPY: Japanese Yen reverses its losses, ahead of BoJ Governor’s speech at Jackson Hole

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.13% against the JPY and closed at 103.85. In economic news, Japan’s supermarket sales in July fell 2.1%, on an annual basis, down for the fourth straight month … Continue reading

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GBP/USD: Pound trading flat this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.6579, after retail sales in the UK grew at the slowest annual rate since November last year. On a monthly basis, … Continue reading

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EUR/USD: Euro trading higher this morning, ahead of the ECB Chief’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.17% against the USD and closed at 1.3280, following upbeat macroeconomic data from Germany. The Markit manufacturing PMI in the country registered a reading of 52.0 in August, … Continue reading

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Trading Signals as per 21-August-2014

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.3228 1.3298 GBP/USD SELL Active 1.6632 1.6542 USD/CAD SELL Active 1.1022 1.0952 EUR/JPY SELL Active 138.22 137.42 NZD/USD BUY Active 0.8338 0.8408 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading

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Crude Oil: Oil continues its losses in the Asian session

Crude Oil Movement Crude Oil prices declined 1.36% against the USD for the 24 hour period ending 23:00GMT, closing at 93.56, despite the Energy Information Administration (EIA) reporting a more-than-expected drop of 4.5 million barrels for the week ended August … Continue reading

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Silver: White metal reverses its gain in the Asian session

Silver Movement Silver prices rose 0.13% to USD 19.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 19.42, 0.18% lower from yesterday’s close. Silver is expected to find support at … Continue reading

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Gold: Yellow metal continues its losses in the Asian session, after China reported a fall in manufacturing activity

Gold Movement Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1291.30 per ounce, as minutes from the Fed’s recent meeting indicated that it could raise interest rates sooner than expected. Meanwhile, … Continue reading

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