Monthly Archives: July 2015

EUR/USD: Euro trading lower ahead of crucial economic data from Germany

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.70% against the USD and closed at 1.0986. In economic news, Germany’s GfK consumer confidence index remained flat at a level of 10.10 in August, at par with … Continue reading

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Crude Oil: Oil trading above its MA’s

Crude Oil Movement Crude Oil prices advanced 2.49% against the USD for the 24 hour period ending 23:00GMT, closing at 48.95, after the EIA disclosed that US crude oil stocks eased more than market anticipations. The Energy Information Administration revealed … Continue reading

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Silver: White metal trading on a weaker footing this morning

Silver Movement Silver prices rose 0.99% to USD 14.80 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, the pair is trading at 14.75, with the silver trading 0.27% lower from yesterday’s close. The pair … Continue reading

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Gold: Yellow metal reverses its gains in the Asian session

Gold Movement Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1096.60 per ounce. However, gains in gold prices were kept in check, after the Fed’s recent monetary policy statement indicated that … Continue reading

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USD/CAD: Loonie trading lower in the Asian session

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.2946. Yesterday, Canada’s leading think tanker downgraded the nation economic growth forecast to 1.6% in 2015, its most dismal economic forecast … Continue reading

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USD/CHF: Swiss Franc trading lower ahead of Switzerland’s KOF leading indicator data

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.54% against the CHF and closed at 0.9673. In economic news, Switzerland’s UBS consumption indicator advanced to a level of 1.68 in June, following a revised reading 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 strengthened 0.28% against the JPY and closed at 123.92. In the Asian session, at GMT0300, the pair is trading at 124.09, with the USD trading 0.14% higher from yesterday’s … Continue reading

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GBP/USD: UK mortgage approvals rebounded in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded marginally lower against the USD and closed at 1.5606. On the macro front, number of homebuyer mortgages approvals advanced more than expected to 66.6K in June, after dipping … Continue reading

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Trading Signals as per 29-July-2015

Pair Action Status Stop Loss Take Profit EUR/USD BUY Active 1.0988 1..1068 GBP/USD BUY Active 1.5528 1.5648 USD/CAD BUY Active 1.2898 1.2978 EUR/JPY BUY Active 135.88 136.68 GBP/CHF BUY Active 1.4928 1.5078 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading

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EUR/USD: Euro trading higher ahead of Germany’s GfK consumer confidence survey data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.21% against the USD and closed at 1.1064. In the US, the consumer confidence index unexpectedly plunged to 90.9 and notched its lowest level since September 2014 in … Continue reading

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GBP/USD: UK GDP advanced as expected in 2Q 2015

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.34% against the USD and closed at 1.5612, after Britain’s economic expansion accelerated in the second quarter of 2015, on the back of robust growth in the nation’s … Continue reading

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