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The precious metal gold prices continue to trade bullish at 1,947 level amid sell-off in tech stocks such as amazon, Facebook and apple. For now, the violation of 1,950 resistance may offer us a quick buy trade — checkout the Gold price forecast to learn more about the trade setup.
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Gold trading outlook: futures rebound ahead of key US macro data string On Thursday gold for delivery in June traded within the range of $1,264.00-$1,281.20. Futures closed at $1,267.95, losing 0.52% compared to Wednesday’s close. It has been the 35th drop in the past 72 trading days. The daily high has been the […]
Citigroup shares close lower on Friday, quarterly earnings top expectations as consumer banking supports, revenue misses Citigroup Incs (C) second-quarter earnings outstripped market expectations, supported by a stronger performance in consumer banking in Mexico, North America and Asia. Results were also influenced by the lower income tax rate and higher […]
USD/CAD rose after Canadian CPI data US dollar recorded gains against its Canadian counterpart on Friday, following the release of consumer price inflation report out of Canada to show that the CPI has slowed down in August.USD/CAD reached a session high at 1.0301 at 12:19 […]
EUR/USD still on positive territory, US government shutdown weighs The euro preserved gains against the US dollar on trading Monday, as market sentiment was still dominated by the partial government shutdown in the United States.EUR/USD touched a session high at 1.3590 at 8:30 GMT, after which […]
Forex Market: GBP/USD daily trading outlook Yesterday’s trade saw GBP/USD within the range of 1.5025-1.5186. The pair closed at 1.5045, falling 0.64% on a daily basis, or the most since December 2nd, when it slumped 0.86%. It has been the fifth drop in the past seven trading days and […]
Outlook for USD/JPY cross during the upcoming week US dollar climbed to highs unseen in six months against the Japanese yen on trading Friday, as expectations mounted that Japanese central bank may have to introduce additional stimulus measures in order to achieve its inflation target of 2% in […]