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Forex Market: USD/CAD daily trading outlook

June 23, 2016 7:38 am
Yesterday’s trade saw USD/CAD within the range of 1.2742-1.2854. The pair closed at 1.2843, edging up 0.20% compared to Tuesdays close. It has been the 152nd gain in the past 278 trading days and also a second consecutive one. The daily high has been the highest level since June 20th, when a high of 1.2893 […] Read more

Forex Market: GBP/USD daily trading outlook

June 23, 2016 6:36 am
Yesterday’s trade saw GBP/USD within the range of 1.4642-1.4775. The pair closed at 1.4708, rising 0.42% compared to Tuesdays close. It has been the 127th gain in the past 278 trading days. The major pair has added 1.86% to its value so far in June, following a 0.92% drop in the prior month. At 6:34 […] Read more

Market Briefing on Wednesday June 22nd

June 22, 2016 1:32 pm
After marking an intraday low of 1.1237 during the early phase of the Asian trading session, EUR/USD has gradually neutralized losses and moved back above 1.1300 in early US trade and ahead of Fed Chair Yellens testimony before the House Financial Services Committee. The weekly R1 pivot (1.1345) and then, the high from June 20th […] Read more

Forex Market: USD/CAD daily trading outlook

June 22, 2016 7:27 am
Yesterday’s trade saw USD/CAD within the range of 1.2763-1.2826. The pair closed at 1.2805, inching down 0.01% compared to Mondays close. It has been the 127th drop in the past 277 trading days and also a third consecutive one. The daily low has been the lowest level since June 13th, when a low of 1.2747 […] Read more

Forex Market: GBP/USD daily trading outlook

June 22, 2016 6:34 am
Yesterday’s trade saw GBP/USD within the range of 1.4617-1.4781. The pair closed at 1.4664, shedding 0.24% compared to Mondays close. It has been the 151st drop in the past 277 trading days. The daily high has been the highest level since January 4th, when a high of 1.4815 was registered. The major pair has added […] Read more

Market Briefing on Tuesday June 21st

June 21, 2016 1:54 pm
At the start of the US trading session on Tuesday, EUR/USD broke below the psychological 1.1300 level, reaching an intraday low of 1.1247, or a level unseen since last Friday, after in a statement European Central Bank President, Mario Draghi, noted that further stimulus might be “in the pipeline”. The major pair may receive support […] Read more

Forex Market: USD/CAD daily trading outlook

June 21, 2016 7:13 am
Yesterday’s trade saw USD/CAD within the range of 1.2773-1.2858. The pair closed at 1.2800, losing 0.74% compared to Fridays close. It has been the 126th drop in the past 276 trading days and also a second consecutive one. The daily low has been the lowest level since June 13th, when a low of 1.2747 was […] Read more