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Gold trading outlook: futures trade little changed ahead of US CPI report

April 14, 2016 9:22 am
On Wednesday gold for delivery in June traded within the range of $1,241.50-$1,258.60. Futures closed at $1,242.90, plummeting 1.08% on a daily basis. It has been the 25th drop in the past 51 trading days, a second consecutive one and also the steepest one since March 23rd, when the commodity went down 1.96%. The daily […] Read more

Forex Market: USD/DKK daily trading outlook

April 14, 2016 8:18 am
Yesterday’s trade saw USD/DKK within the range of 6.5345-6.6048. The pair closed at 6.5992, soaring 0.92% on a daily basis. It has been the 10th gain in the past 22 trading days, a second consecutive one and also the steepest one since January 29th, when the exotic cross advanced 0.97%. In addition, the daily high […] Read more

Forex Market: USD/CAD daily trading outlook

April 14, 2016 6:56 am
Yesterday’s trade saw USD/CAD within the range of 1.2744-1.2828. The pair closed at 1.2818, edging up 0.36% on a daily basis. It has been the 38th gain in the past 72 trading days. USD/CAD has trimmed its slump to 0.95% so far during the current month, following two consecutive months of decline. At 6:54 GMT […] Read more

Forex Market: GBP/USD daily trading outlook

April 14, 2016 6:31 am
Yesterday’s trade saw GBP/USD within the range of 1.4188-1.4280. The pair closed at 1.4189, shedding 0.50% on a daily basis. It has been the 40th drop in the past 73 trading days and also the sharpest one since April 5th, when the pair went down 0.72%. The daily low has been a lower-low test of […] Read more

Forex Market: USD/CAD daily trading outlook

April 13, 2016 6:52 am
Yesterday’s trade saw USD/CAD within the range of 1.2750-1.2920. The pair closed at 1.2772, tumbling 1.07% on a daily basis. It has been the 34th drop in the past 71 trading days and also a third consecutive one. The daily low has been the lowest level since July 15th 2015, when a low of 1.2719 […] Read more

Forex Market: GBP/USD daily trading outlook

April 13, 2016 6:28 am
Yesterday’s trade saw GBP/USD within the range of 1.4198-1.4346. The pair closed at 1.4261, edging up 0.20% on a daily basis. It has been the 33rd gain in the past 72 trading days and also a third consecutive one. The daily high has been the highest level since April 1st, when a high of 1.4379 […] Read more

Stock Indices: Dow Jones retreats at close of trade ahead of Q1 earnings season

April 12, 2016 9:30 am
On Monday Dow Jones Industrial Average traded within the range of 17,556.76-17,731.18. The benchmark closed at 17,557.17, edging down 0.11% (19.79 points) on a daily basis. It has been the 21st drop in the past 49 trading days. The blue-chip gauge has fallen 0.72% so far in April, following two consecutive months of gains. In […] Read more