July 6, 2016 12:42 pm
Having found support close to the 23.6% Fibonacci level (1.1034), reflecting the sharp descent from June 24th high to June 24th low, EUR/USD managed to trim losses and traded within the 1.1055-1.1075 range at the start of the US session on Wednesday. Near-term resistance may be encountered at the weekly Pivot Point/hourly 55-period Exponential Moving […]
Read moreJuly 6, 2016 8:55 am
On Tuesday gold for delivery in August traded within the range of $1,340.50-$1,359.85. Futures closed at $1,358.70, rising 0.49% compared to Monday’s close. It has been the 135th gain in the past 287 trading days and also a third consecutive one. The commodity has gained 4.02% so far during the current month, after advancing 8.71% […]
Read moreJuly 6, 2016 7:38 am
Yesterday’s trade saw USD/CAD within the range of 1.2841-1.3017. The pair closed at 1.2982, surging 1.06% compared to Mondays close. It has been the 155th gain in the past 287 trading days and also the sharpest one since June 24th. The daily high has been an exact test of the high from June 30th. The […]
Read moreJuly 6, 2016 6:48 am
Yesterday’s trade saw GBP/USD within the range of 1.3000-1.3291. The pair closed at 1.3020, plummeting 2.03% compared to Mondays close. It has been the 156th drop in the past 287 trading days and also the sharpest one since June 27th. The daily low has been the lowest level since July 1985. The cross has fallen […]
Read moreJuly 5, 2016 1:04 pm
GBP/USD broke out from a relatively tight area of consolidation to reach new lows unseen since July 1985 on Tuesday, as Bank of Englands Financial Stability Report, released earlier, outlined risks of lower capital inflows. The central bank relaxed rules for lending institutions, so that they could cope with Brexit effects. BoE said it would […]
Read moreJuly 5, 2016 8:51 am
On Monday gold for delivery in August traded within the range of $1,338.85-$1,360.15. Futures closed at $1,352.00, rising 0.97% compared to Friday’s close. It has been the 134th gain in the past 286 trading days and also a second consecutive one. The daily high has been the highest level since June 24th, when a high […]
Read moreJuly 5, 2016 7:50 am
Yesterday’s trade saw USD/CAD within the range of 1.2832-1.2921. The pair closed at 1.2845, losing 0.56% compared to Fridays close. It has been the 132nd drop in the past 286 trading days and also a fifth consecutive one. The daily low has been the lowest level since June 24th, when a low of 1.2715 was […]
Read moreJuly 5, 2016 6:39 am
Yesterday’s trade saw GBP/USD within the range of 1.3241-1.3340. The pair closed at 1.3287, edging up 0.19% compared to Fridays close. It has been the 131st gain in the past 286 trading days. The cross has fallen 0.64% so far during the current month, after depreciating 7.94% in June. The latter has been the worst […]
Read moreJuly 4, 2016 9:25 am
On Friday gold for delivery in August traded within the range of $1,323.00-$1,346.95. Futures closed at $1,339.00, rising 1.56% compared to Thursday’s close. It has been the 133rd gain in the past 285 trading days and also the steepest one since June 24th, when the metal advanced 4.66%. The daily high has been the highest […]
Read moreJuly 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
