USD/CAD: Canadian unemployment rate remained flat at 6.8%

USDCAD Movement On Friday, the USD declined 0.53% against the CAD to close at 1.2440. On the macro front, unemployment rate in Canada remained unchanged at 6.8% in May, in line with market expectations. Meanwhile, the nation added 58.9 K … Continue reading

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USD/CHF: Swiss Franc trading lower in the Asian session

USDCHF Movement On Friday, the USD rose 0.41% against the CHF and closed at 0.9396, on the back of a strong US non-farm payrolls data in May. In the Asian session, at GMT0300, the pair is trading at 0.9414, with … Continue reading

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USD/JPY: Japan’s Q1 GDP revised sharply higher

USDJPY Movement On Friday, the USD strengthened 0.98% against the JPY and closed at 125.65. Preliminary estimates revealed that Japan’s leading economic indicators index rose to 107.2 in April from 106.0 in the past month. The coincident and the lagging … Continue reading

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GBP/USD: Britain’s inflation expectations slightly edged up

GBPUSD Movement On Friday, the GBP traded 0.52% lower against the USD and closed at 1.5276. On the macro front, consumer inflation expectations in the UK for the next 12 months advanced to 2.20% in May, up from previous month’s … Continue reading

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EUR/USD: Euro trading lower in the Asian session

EURUSD Movement On Friday, the EUR declined 0.66% against the USD and closed at 1.1116. In economic news, German factory orders jumped 1.4% MoM in April, beating market expectations for a 0.5% rise and following an increase of 1.1% registered … Continue reading

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Trading Signals as per 5-June-2015

Pair Action Status Stop Loss Take Profit USD/CHF BUY Active 0.9248 0.9368 GBP/USD BUY Active 1.5238 1.5398 USD/CAD SELL Active 1.2562 1.2472 AUD/USD SELL Active 0.7752 0.7662 USD/JPY SELL Active 125.22 124.42 Additional Forex Trading Signals: MetaTrader:  Visit www.mql5.com/en/signals/mt4 to select from … Continue reading

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EUR/USD: Euro trading higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.71% against the USD and closed at 1.1189, after Greece postponed its debt repayment of €300 million to the IMF, due on 05 June. It also announced that … Continue reading

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AUD/USD: Aussie trading higher in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 1.27% against the USD to close at 0.7678. LME Copper prices declined 0.63% or $38.0/MT to $5954.0/MT. Aluminium prices declined 1.11% or $19.0/MT to $1697.5/MT. In the Asian … Continue reading

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GBP/USD: The BoE maintained interest rates intact at 0.5%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.5356. Yesterday, the BoE, in a widely expected move, kept its benchmark interest rates unchanged at an all-time low of 0.5%, … Continue reading

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USD/JPY: Japanese Yen trading marginally higher in the Asian session

USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened 0.09% against the JPY and closed at 124.44. In the Asian session, at GMT0300, the pair is trading at 124.42, with the USD trading a tad lower from … Continue reading

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Crude Oil: Oil trading higher ahead of the OPEC’s meeting

Crude Oil Movement Crude Oil prices declined 2.97% against the USD for the 24 hour period ending 23:00GMT, closing at 57.90, amid expectations that OPEC will refrain from announcing a cut in its production output, at its meeting in Vienna … Continue reading

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