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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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Gold trading outlook: futures trade close to three-week highs on weakening US dollar On Monday gold for delivery in June traded within the range of $1,241.50-$1,261.90. Futures closed at $1,259.20, soaring 1.34% on a daily basis. It has been the 26th gain in the past 49 trading days, a third consecutive one and also the […]
Gold futures hit 5-year low on US rate outlook, China inventories Gold fell to the lowest in more than five years on Monday, extending a fourth week of losses, amid the prospects of the first interest rate hike in the US in almost a decade and after China reported smaller inventories of the precious metal […]
HSBC share price down, dismisses its European head of currency trading HSBC Holdings Plc has fired its European head of currency trading in relation to the foreign-exchange scandal last month, for which the British bank was fined $618 million.Stuart Scott, who was based in London and was in charge of […]
US Futures Steady as Stock Moves Lead Before Jobs Data Key Moments:
U.S. index futures were largely flat by 06:59 ET, with Dow futures up 38 points, or 0.1%, while S&P 500 and Nasdaq 100 contracts were mostly unchanged.
Ford Motor shares gained in premarket trading despite […]
Mastercard shares close little changed on Tuesday, Switzerland’s COMCO launches investigation of card issuer The Swiss Competition Commission (COMCO) said earlier this week that it had launched a probe of Mastercard Inc (MA) in relation with possible obstruction of SIX’s National Cash Scheme, the legislation governing withdrawals and other […]
Grain futures mixed, soybeans advance on strong demand for US supplies Grain futures were mixed on Wednesday, with soybeans advancing on increased Chinese demand for US supplies, while wheat and corn declined.On the Chicago Board of Trade, soybeans futures for settlement in March surged by 0.35% to trade at […]