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Forex Market: USD/CAD daily trading outlook

July 4, 2016 8:09 am
Friday’s trade saw USD/CAD within the range of 1.2859-1.2976. The pair closed at 1.2910, edging down 0.12% compared to Thursdays close. It has been the 131st drop in the past 285 trading days and also a fourth consecutive one. The daily low has been the lowest level since June 24th, when a low of 1.2715 […] Read more

Forex Market: GBP/USD daily trading outlook

July 4, 2016 7:03 am
Friday’s trade saw GBP/USD within the range of 1.3243-1.3350. The pair closed at 1.3266, shedding 0.34% compared to Thursdays close. It has been the 155th drop in the past 285 trading days and also a second consecutive one. In weekly terms, the major pair lost 3.03% of its value during the past week. It has […] Read more

Forex Market: GBP/BGN trading outlook for July 4th

July 3, 2016 10:40 am
Friday’s trade saw GBP/BGN within the range of 2.3257-2.3523. The pair closed at 2.3298, shedding 0.66% compared to Thursdays close. It has been the 11th drop in the past 21 trading days and also a second consecutive one. The daily low has been the lowest level since December 18th 2013, when a low of 2.3095 […] Read more

Forex Market: AUD/USD trading outlook for July 4th

July 2, 2016 4:38 pm
Friday’s trade saw AUD/USD within the range of 0.7428-0.7508. The pair closed at 0.7493, rising 0.56% compared to Thursdays close. It has been the 13th gain in the past 22 trading days. The daily high has been the highest level since June 24th, when a high of 0.7683 was registered. In weekly terms, AUD/USD added […] Read more

Forex Market: USD/CAD daily trading outlook

July 1, 2016 7:57 am
Yesterday’s trade saw USD/CAD within the range of 1.2914-1.3014. The pair closed at 1.2923, inching down 0.06% compared to Wednesdays close. It has been the 130th drop in the past 284 trading days and also a third consecutive one. The daily low has been the lowest level since June 24th, when a low of 1.2715 […] Read more

Forex Market: GBP/USD daily trading outlook

July 1, 2016 6:45 am
Yesterday’s trade saw GBP/USD within the range of 1.3207-1.3496. The pair closed at 1.3310, losing 0.86% compared to Wednesdays close. It has been the 154th drop in the past 284 trading days. The cross depreciated 7.94% in June to mark its second consecutive month of decline and also the worst performance since October 2008. Back […] Read more

Market Briefing on Thursday June 30th

June 30, 2016 1:06 pm
During its third day of recovery, after having encountered resistance in the area close to the hourly 200-period Exponential Moving Average (1.1150), EUR/USD slipped back below the 1.11 handle to trade at 1.1092 at the start of the US session on Thursday. Fundamentally, the common currency was supported by upbeat consumer price performance in the […] Read more

Forex Market: USD/CAD daily trading outlook

June 30, 2016 7:39 am
Yesterday’s trade saw USD/CAD within the range of 1.2931-1.3043. The pair closed at 1.2936, losing 0.67% compared to Tuesdays close. It has been the 129th drop in the past 283 trading days, a second consecutive one and also the steepest one since June 23rd. The daily low has been the lowest level since June 24th, […] Read more