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Forex Market: USD/CAD daily trading outlook

June 15, 2016 7:11 am
Yesterday’s trade saw USD/CAD within the range of 1.2815-1.2873. The pair closed at 1.2862, edging up 0.21% on a daily basis. It has been the 60th gain in the past 116 trading days and also a fourth consecutive one. The daily high has been the highest level since June 6th, when a high of 1.2984 […] Read more

Forex Market: GBP/USD daily trading outlook

June 15, 2016 6:27 am
Yesterday’s trade saw GBP/USD within the range of 1.4091-1.4219. The pair closed at 1.4118, plummeting 1.08% compared to Mondays close. It has been the 34th drop in the past 58 trading days. The daily low has been the lowest level since April 8th, when a low of 1.4038 was registered. The major pair has fallen […] Read more

Market Briefing on Tuesday June 14th

June 14, 2016 3:00 pm
On Tuesday EUR/USD broke out from a tight range around 1.1280-1.1299, while at the start of the US trading session the major overcame the 1.1200 handle, marking an intraday low of 1.1189. Support may be received at the 76.4% Fibonacci (1.1173), reflecting the ascent from May 30th low to June 9th high, and then – […] Read more

Forex Market: USD/CAD daily trading outlook

June 14, 2016 7:15 am
Yesterday’s trade saw USD/CAD within the range of 1.2751-1.2839. The pair closed at 1.2832, edging up 0.37% on a daily basis. It has been the 59th gain in the past 115 trading days and also a third consecutive one. The daily high has been an exact test of the high from June 7th. USD/CAD has […] Read more

Forex Market: GBP/USD daily trading outlook

June 14, 2016 6:38 am
Yesterday’s trade saw GBP/USD within the range of 1.4116-1.4319. The pair closed at 1.4204, edging down 0.38% compared to Fridays close. It has been the 34th drop in the past 57 trading days and also a fourth consecutive one. The daily low has been the lowest level since April 14th, when a low of 1.4088 […] Read more

Market Briefing on Monday June 13th

June 13, 2016 2:48 pm
The recent downswing in EUR/USD seemed to have been halted in the area between the 50.0% (1.1255) and the 61.8% (1.1219) Fibonacci levels, reflecting the ascent from May 30th low to June 9th high. At the start of the US trading session the major pair sharply advanced to an intraday high of 1.1294, which comes […] Read more

Gold trading outlook: futures surge to new 4-week highs in cautious trade

June 13, 2016 9:32 am
On Friday gold for delivery in August traded within the range of $1,265.30-$1,278.00. Futures closed at $1,273.40, edging up 0.25% compared to Thursday’s close. It has been the 50th gain in the past 93 trading days and also a third consecutive one. The daily high has been the highest price level since May 17th, when […] Read more

Forex Market: USD/CAD daily trading outlook

June 13, 2016 8:25 am
Friday’s trade saw USD/CAD within the range of 1.2656-1.2785. The pair closed at 1.2785, going up 0.50% on a daily basis. It has been the 58th gain in the past 114 trading days, a second consecutive one and also the steepest one since May 18th, when the pair advanced 0.98%. The daily high has been […] Read more