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Articles by: Brian McColl

Brian 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.

U.S. Natural Gas Storage Rises

May 23, 2013 2:50 pm
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 […] Read more

Soybeans Reach a Six-Month High

May 23, 2013 12:05 pm
Soybeans reached a six-month high following signs of increased demand from China and concerns over U.S. crop. Soybeans futures for July delivery rose 0,1% for the day and traded at $14.9513 a bushel, following a 0,5% increase earlier in the day. On May 21 the Hamburg-based researcher Oil World said that Chinas soybean imports will […] Read more

Copper Slips More Than 2% on China Manufacturing Slowdown

May 23, 2013 9:48 am
During the European morning trade on the Comex division of the New York Mercantile Exchange copper for July delivery fell 2,3% on the day and traded at $3,302 a pound. Copper price was strongly influenced by the Advance Manufacturing Purchasing Managers’ Index for China, conducted by Markit Economics and HSBC Holdings Plc,for May. The indicator […] Read more

Euro advanced against US dollar on Purchasing Managers’ Index (PMI) data

May 23, 2013 7:47 am
EUR/USD pair rose gradually to a session high at 1.2878 during European trade session, after Purchasing Managers Index data was released for France and Germany. The pair was expected to find support at 1.2800-1.2775, while resistance levels were expected near yesterday session highest value, at 1.2998-1.3020. Earlier it was reported that Advance Manufacturing Purchasing Managers […] Read more

U.S. Crude Reserves Drop

May 22, 2013 3:14 pm
The U.S. crude oil inventories dropped for the week ending May 17 by 338 000 barrels to 394,6 million barrels, down from 394,9 million barrels in the preceding week. This is below the forecast, which predicted a decrease to 394,5 million barrels. WTI crude futures slipped 1,1% to $95.12 on the New York Mercantile Exchange […] Read more

EUR/GBP pair at 1 month high after crucial UK data

May 22, 2013 9:55 am
Euro currency registered an expansion against the British pound on Wednesday trade session to one month high after official data from UK showed that Retail Sales sunk during April. EUR/GBP pair rose to 0.8578 during European session, highest value since April 22nd. EUR/GBP was expected to receive support at 0.8513, lowest value for current session, […] Read more

Mark Carney remarked Europe was in need of crucial reforms

May 22, 2013 8:21 am
Bank of Canada Governor Mark Carney stated on Tuesday, that Europe could be up against stagnation, unless it embarks on big reforms and follows Japans current policy to boost economic growth. Carney said that recession in Europe was held back by fiscal austerity, thin credit policy and low confidence. Carney, who is expected to take […] Read more

Natural Gas Remains Bullish

May 22, 2013 7:13 am
Natural gas kept rising on Tuesday and traded 2,47% higher at $4,191 per million British units as weather forecasters predicted higher-than-average temperatures in the central parts of the U.S. When warm weather is expected, natural gas surges as increased electricity demand to power air-conditioning calls for more supply of the fuel, which is used for […] Read more

Leverage 1:500 Forex Brokers

May 21, 2013 3:11 pm
If you want to be a successful online trader, then you have to understand the global markets and know the basics of trading. One of the first things every beginner needs to learn about is leverage – what this is and how it can be used to maximize profits. Furthermore, Forex brokers offer leverage ranging […] Read more