June 29, 2016 1:29 pm
Having been contained between the hourly 55-period and the 100-period Exponential Moving Averages in the past several hours of trade, EUR/USD managed to break above the 55-period EMA and, at the start of the US trading session, it tested the 38.2% Fibonacci level (1.1110), reflecting the descent from June 24th high to June 24th low. […]
Read moreJune 29, 2016 9:04 am
On Tuesday gold for delivery in August traded within the range of $1,308.00-$1,318.25. Futures closed at $1,317.90, edging down 0.35% compared to Monday’s close. It has been the 151st drop in the past 282 trading days. The commodity has increased its advance to 8.97% so far during the current month, following a 5.77% slump registered […]
Read moreJune 29, 2016 7:40 am
Yesterday’s trade saw USD/CAD within the range of 1.2967-1.3108. The pair closed at 1.3026, edging down 0.36% compared to Mondays close. It has been the 128th drop in the past 282 trading days. The major pair has trimmed its slump to 0.68% so far in June, following a 4.31% surge in the prior month. At […]
Read moreJune 29, 2016 6:42 am
Yesterday’s trade saw GBP/USD within the range of 1.3220-1.3418. The pair closed at 1.3346, rising 0.96% compared to Mondays close. It has been the 129th gain in the past 282 trading days. On Monday the major pair hit lows unseen since July 1985, falling to as low as 1.3118. The cross has fallen 8.09% so […]
Read moreJune 28, 2016 12:41 pm
Having touched an intraday high of 1.1111 during mid-European trade, EUR/USD fell back below the 1.1100 handle to trade within the 1.1065-1.1085 area at the start of the US trading session. The final report on US GDP, released minutes ago, showed that the nations economy expanded at an annualized rate of 1.1% during the first […]
Read moreJune 28, 2016 8:44 am
On Tuesday gold for delivery in August traded within the range of $1,320.95-$1,339.30. Futures closed at $1,324.70, edging up 0.36% compared to Friday’s close. It has been the 131st gain in the past 281 trading days and also a second consecutive one. The commodity has pared its advance to 8.26% so far during the current […]
Read moreJune 28, 2016 7:32 am
Yesterday’s trade saw USD/CAD within the range of 1.2994-1.3121. The pair closed at 1.3071, rising 0.50% compared to Fridays close. It has been the 154th gain in the past 281 trading days and also a second consecutive one. The daily high has been the highest level since June 2nd, when a high of 1.3145 was […]
Read moreJune 28, 2016 6:35 am
Yesterday’s trade saw GBP/USD within the range of 1.3126-1.3488. The pair closed at 1.3226, plummeting 3.32% compared to Fridays close. It has been the 153rd drop in the past 281 trading days and also a second consecutive one. The cross has depreciated by 11.36% in the past two trading days, which has been the sharpest […]
Read moreJune 27, 2016 1:22 pm
At the start of the US trading session on Monday, EUR/USD traded in proximity to the psychological 1.1000 level, after registering an intraday low of 1.0971. On Friday the common currency tested lows unseen since March 10th, tumbling to 1.0909 in a response to the shocking vote in the UK. Monday is to mark the […]
Read moreJune 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 […]
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