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The GBP/USD bounced off the support level of 1.3070 in order to complete a 38.2% Fibonacci retracement at 1.3145 level. Closing of candles below this level can drive selling bias in the Cable. Check out a quick trade plan in the GBP/USD analysis video.
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AUD/USD saw limited gains Australian dollar traded on higher levels against its US peer on Monday. However, gains seemed capped, as the diminished, but still present expectations of FED scaling back its Quantitative Easing soon gave support to the US dollar.AUD/USD […]
Reckitt Benckiser share price down, lauches spin-off for pharma division Reckitt Benckiser Group PLC has launched a plan to spin off its pharmaceutical division and list it on the London Stock Exchange as a stand-alone company under the name of Indivior Plc.Investors will get one share in the new demerged […]
Forex Market: USD/CAD daily trading outlook Yesterday’s trade saw USD/CAD within the range of 1.3308-1.3394. The pair closed at 1.3349, shedding 0.17% on a daily basis. It has been the first drop in the past three trading days. The daily high has been the highest level since November […]
USD/JPY on lower levels US dollar marked its second daily drop against the Japanese currency on Monday, as weaker than projected US non-farm payrolls, reported on Friday, continued to weigh on the greenback, dimming expectations that the Federal Reserve Bank will […]
Gold futures inch up on Bullard comments, U.S. factory orders Gold rose in the late European and early U.S. trading sessions after St. Louis Federal Reserve President James Bullard said the Fed should not "hurry" to scale back its monthly purchases as inflation is well below the targeted 2%. A decline in […]
Germany’s GDP shrinks 0.1% in third quarter Germany's economy shrank marginally by 0.1% in the third quarter of the year compared to Q2, the Federal Statistical Office said on Friday.The figure confirmed a preliminary GDP estimate released in late October. It also reversed a […]