Brian McColl is a fundamental and technical analysis expert and mentor. Brian has been a part of the Forex and stock markets for more than ten years as a freelancing trader.
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U.S. Natural Gas Storage Indicator increased less than expected in the week ending may 17 according to the Energy Information Administration. It rose to 2 053 billion cubic feet, up from 1 964 billion cubic feet the preceding week, but lower than the forecast of a 2 054 billion cubic feet. Natural gas stockpiles rose by a seasonally adjusted rate of 89 billion cubic feet, 1 billion cubic feet lower than the forecast, which pushed gas future price slightly up.
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US dollar up against the Japanese yen On Tuesday US dollar moved up against the Japanese yen, as markets awaited the speech on economic growth strategy by Japanese Prime Minister Shinzo Abe tomorrow.USD/JPY reached 100.43 during the later hours of Asian session, currently […]
Forex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.4350-1.4561. The pair closed at 1.4436, falling 0.74% on a daily basis, or the most since December 2nd 2015, when it plunged 0.86%. It has been the seventh drop in the past eight trading […]