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Gold trading outlook: futures remain supported as Brexit vote effects persist

June 27, 2016 9:40 am
On Friday gold for delivery in August traded within the range of $1,252.95-$1,362.45. Futures closed at $1,322.40, soaring 4.85% compared to Thursday’s close. It has been the 130th gain in the past 280 trading days and also the sharpest one since September 19th 2013. In weekly terms, the yellow metal added 2.13% to its value […] Read more

Forex Market: USD/CAD daily trading outlook

June 27, 2016 8:23 am
Friday’s trade saw USD/CAD within the range of 1.2714-1.3100. The pair closed at 1.3006, surging 1.95% compared to Thursdays close. It has been the 153rd gain in the past 280 trading days and also the steepest one in more than 4 years. The daily high has been the highest level since June 3rd, when a […] Read more

Forex Market: GBP/USD daily trading outlook

June 27, 2016 6:51 am
Friday’s trade saw GBP/USD within the range of 1.3231-1.5018. The pair closed at 1.3683, plummeting 8.04% compared to Thursdays close. It has been the 152nd drop in the past 280 trading days and also the sharpest daily rate of decline on record. The daily low has been the lowest level since late September 1985. In […] Read more

Forex Market: GBP/BGN trading outlook for June 27th

June 26, 2016 1:02 pm
Friday’s trade saw GBP/BGN within the range of 2.3840-2.5720. The pair closed at 2.4104, plunging 5.87% compared to Thursdays close. It has been the 12th drop in the past 22 trading days and also the steepest daily rate of decline on record. The daily low has been the lowest level since May 8th 2014, when […] Read more

Forex Market: AUD/USD trading outlook for June 27th

June 25, 2016 4:04 pm
Friday’s trade saw AUD/USD within the range of 0.7307-0.7650. The pair closed at 0.7470, tumbling 1.93% compared to Thursdays close. It has been the 8th drop in the past 23 trading days and also the sharpest one since May 3rd, when the pair fell 2.37%. The daily low has been the lowest level since June […] Read more

Global Markets after the UK vote on EU membership

June 24, 2016 12:26 pm
The UK vote on EU membership triggered a massive selling wave across markets around the globe, as investors fled to the relative security of safe-haven assets, such as Gold, Yen, Franc and US Dollar. Here is how major indices, major currency pairs and the most popular commodities performed on Friday (June 24th): Nikkei 225   […] Read more

Forex Market: USD/CAD daily trading outlook

June 24, 2016 8:21 am
Yesterday’s trade saw USD/CAD within the range of 1.2679-1.2845. The pair closed at 1.2776, shedding 0.53% compared to Wednesdays close. It has been the 127th drop in the past 279 trading days. The daily low has been the lowest level since June 10th, when a low of 1.2656 was registered. USD/CAD has trimmed its loss […] Read more