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Gold trading outlook: futures distance from recent highs but remain supported

February 24, 2016 8:46 am
On Tuesday gold for delivery in April traded within the range of $1,207.40-$1,233.30. Futures closed at $1,231.10, surging 1.79% on a daily basis. It has been the 11th gain in the past 17 trading days and also the sharpest one since February 11th, when the metal added 4.45% to its value. In addition, the daily […] Read more

Forex Market: USD/CAD daily trading outlook

February 24, 2016 7:41 am
Yesterday’s trade saw USD/CAD within the range of 1.3690-1.3821. The pair closed at 1.3797, rising 0.66% on a daily basis. It has been the 21st gain in the past 36 trading days and also the steepest one since February 5th. In addition, the daily high has been the highest level since February 19th, when a […] Read more

Forex Market: GBP/USD daily trading outlook

February 24, 2016 7:25 am
Yesterday’s trade saw GBP/USD within the range of 1.4005-1.4156. The pair closed at 1.4005, falling 1.02% on a daily basis. It has been the 23rd drop in the past 37 trading days and also the second consecutive one. The daily low has been the lowest level since March 18th 2009, when a low of 1.3847 […] Read more

Forex Market: USD/CAD daily trading outlook

February 23, 2016 7:48 am
Yesterday’s trade saw USD/CAD within the range of 1.3658-1.3794. The pair closed at 1.3704, losing 0.62% on a daily basis. It has been the 15th drop in the past 35 trading days. In addition, the daily low has been the lowest level since February 18th, when a low of 1.3649 was registered. At 7:46 GMT […] Read more

Forex Market: GBP/USD daily trading outlook

February 23, 2016 7:26 am
Yesterday’s trade saw GBP/USD within the range of 1.4058-1.4298. The pair closed at 1.4149, plummeting 1.78% on a daily basis. It has been the 22nd drop in the past 36 trading days and also the sharpest one in at least 5 years. The daily low has been the lowest level since March 18th 2009, when […] Read more

Forex Market: USD/CAD daily trading outlook

February 22, 2016 8:12 am
Friday’s trade saw USD/CAD within the range of 1.3714-1.3847. The pair closed at 1.3766, rising 0.30% on a daily basis. It has been the 20th gain in the past 34 trading days and also a second consecutive one. In addition, the daily high has been the highest level since February 17th, when a high of […] Read more