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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Monthly Archives: May 2016
Gold: Yellow metal reverses its losses in the morning session
Gold Movement Gold prices traded lower by 1.80% against the USD in the 24-hour period ending 23:00GMT, at 1266.50 per ounce, amid a broad strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 1266.70, … Continue reading
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AUD/USD: Aussie trading higher this morning
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7317. LME Copper prices declined 1.47% or $70.5/MT to $4739.5/MT. Aluminium prices declined 2.66% or $42.5/MT to $1556.5/MT. In the Asian … Continue reading
Posted in AUD/USD
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USD/CAD: The BoC should be prepared to do more if need arises, indicated the IMF
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.24% against the CAD to close at 1.2958. In economic news, Canada’s seasonally adjusted housing starts fell to a 3-month low level of 191.5K in April, compared to … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading a tad lower, ahead of Switzerland’s unemployment rate data
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.10% against the CHF and closed at 0.9713. The Swiss Franc gained ground, after Switzerland’s consumer price index (CPI) rose more-than-expected by 0.3% MoM in April, its third … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen trading on a weaker footing in the morning session
USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 1.08% against the JPY and closed at 108.40. In economic news, Japan’s consumer confidence index weakened less-than-expected to a level of 40.8 in April, from a reading of … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading lower, ahead of Britain’s total trade balance data
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.4413. In economic news, UK’s Halifax house price index declined more-than-expected by 0.8% MoM in April, compared to a revised rise … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading tad lower. ahead of Germany’s industrial production data
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1384. In economic news, Germany’s seasonally adjusted factory orders advanced above expectations by 1.9% MoM in March, its biggest rise in … Continue reading
Posted in EUR/USD
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Trading Signals as per 09-May-2016
Pair Action Status Stop Loss Take Profit USD/JPY BUY Active 107.38 108.18 USD/CAD BUY Active 1.2888 1.2978 NZD/USD BUY Active 0.6790 0.6852 GBP/CHF BUY Active 1.3916 1.4030 EUR/USD SELL Active 1.1442 1.1372 Additional Forex Trading Signals: MetaTrader: Visit www.mql5.com/en/signals/mt4 to select from many … Continue reading
Posted in Trading Signals
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Crude Oil: Oil trading on a stronger footing in the Asian session
Crude Oil Movement Crude Oil prices advanced 0.41% against the USD for the 24-hour period ending 23:00GMT, closing at 44.62, after Baker Hughes reported that the US oil rig count declined by 4 to a level of 328 in the … Continue reading
Posted in Crude Oil
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Silver: White metal reverses its gains in the morning session
Silver Movement Silver prices rose 0.69% to USD 17.51 per ounce during the 24 hours ending 23:00GMT, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 17.45, with the silver trading 0.31% lower … Continue reading
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Gold: Yellow metal trading lower this morning
Gold Movement Gold prices traded higher by 0.94% against the USD in the 24-hour period ending 23:00GMT, at 1290.70 per ounce, after a weaker-than-expected US non-farm payrolls report led to speculation that the timing of the next interest rate hike … Continue reading
Posted in Gold
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