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Forex Market: GBP/USD daily trading outlook

July 12, 2016 6:50 am
Yesterday’s trade (in GMT terms) saw GBP/USD within the range of 1.2851-1.3018. The pair closed at 1.2984, edging up 0.22% compared to Fridays close. It has been the 133rd gain in the past 291 trading days and also a second consecutive one. The daily high was an exact test of the high from July 8th. […] Read more

Market Briefing on Monday July 11th

July 11, 2016 1:20 pm
After tumbling to 1.1003 on Friday on the back of mixed US macroeconomic data, EUR/USD consolidated within the 1.1050-1.1065 area (hourly 55-period Exponential Moving Average) in the past several hours of trade. As of early US session on Monday the major pair broke out from a relatively tight daily range to trade at 1.1072. Resistance […] Read more

Forex Market: USD/CAD daily trading outlook

July 11, 2016 8:02 am
Friday’s trade (in GMT terms) saw USD/CAD within the range of 1.2988-1.3090. The pair closed at 1.3043, edging up 0.31% compared to Thursdays close. It has been the 157th gain in the past 290 trading days and also a second consecutive one. The daily high has been the highest level since June 28th, when a […] Read more

Forex Market: GBP/USD daily trading outlook

July 11, 2016 6:54 am
Friday’s trade (in GMT terms) saw GBP/USD within the range of 1.2881-1.3018. The pair closed at 1.2952, rising 0.33% compared to Thursdays close. It has been the 132nd gain in the past 290 trading days and also the sharpest one since June 29th. In weekly terms, GBP/USD lost 2.31% of its value during the past […] Read more

Forex Market: GBP/BGN trading outlook for July 11th

July 10, 2016 8:47 am
Friday’s trade saw GBP/BGN within the range of 2.2697-2.3005. The pair closed at 2.2924, rising 0.42% compared to Thursdays close. It has been the 11th gain in the past 21 trading days and also a second consecutive one. In weekly terms, GBP/BGN lost 1.58% of its value during the current week. It has been the […] Read more

Forex Market: AUD/USD trading outlook for July 11th

July 9, 2016 6:57 pm
Friday’s trade (in GMT terms) saw AUD/USD within the range of 0.7471-0.7573. The pair closed at 0.7572, surging 1.18% compared to Fridays close. It has been the 12th gain in the past 22 trading days and also the steepest one since June 23rd, when the major pair rose 1.47%. The daily high has been the […] Read more

Forex Market: USD/CAD daily trading outlook

July 8, 2016 7:54 am
Yesterday’s trade saw USD/CAD within the range of 1.2878-1.3020. The pair closed at 1.3002, edging up 0.32% compared to Wednesdays close. It has been the 156th gain in the past 289 trading days. The major pair has increased its advance to 0.67% so far during the current month, following a 1.29% slump in June. At […] Read more

Forex Market: GBP/USD daily trading outlook

July 8, 2016 6:32 am
Yesterday’s trade saw GBP/USD within the range of 1.2877-1.3047. The pair closed at 1.2906, shedding 0.19% compared to Wednesdays close. It has been the 158th drop in the past 289 trading days and also a third consecutive one. The major pair has extended its slide to 2.76% so far during the current month, after depreciating […] Read more