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Forex Market: EUR/HKD daily trading forecast

December 18, 2014 7:36 am
Yesterday’s trade saw EUR/HKD within the range of 9.5543-9.7037. The pair closed at 9.5719, plunging 1.35% on a daily basis. At 7:27 GMT today EUR/HKD was down 0.35% for the day to trade at 9.5373. The pair touched a daily low at 9.5217. Fundamentals Euro zone German IFO Business Climate Index Business climate in Germany […] Read more

Forex Market: EUR/GBP daily trading forecast

December 18, 2014 7:16 am
Yesterday’s trade saw EUR/GBP within the range of 0.7910-0.7954. The pair closed at 0.7924, losing 0.24% on a daily basis. At 7:14 GMT today EUR/GBP was down 0.32% for the day to trade at 0.7898. The pair broke the first key daily support and touched a daily low at 0.7896. Fundamentals Euro zone German IFO […] Read more

FedEx share price down, reports lower-than-expected Q2 results

December 17, 2014 3:47 pm
FedEx Corp reported increased quarterly profit, but below expectations due to higher aircraft maintenance expenses as the US delivery giant restated its full-year earnings outlook. For the fiscal second quarter ended November 30, Memphis-based FedEx reported a 5% increase in revenue to $11.9 billion, compared to last years $11.4 billion. The companys performance benefited from […] Read more

WPP share price down, appoints Roberto Quarta as chairman

December 17, 2014 1:34 pm
WPP has appointed Roberto Quarta to take Philip Laders place as chairman of the board, starting next year. Mr. Quarta will step in as non-executive director and chairman-designate of the worlds biggest advertising group by sales on January 1. He is expected to become chairman after the companys annual general meeting in June. Mr. Quarta […] Read more

Natural gas trading outlook: futures rebound on cold Christmas Eve

December 17, 2014 12:06 pm
Natural gas rose on Wednesday, regaining some of yesterdays losses, as weather agencies predict colder temperatures through December, especially over the north-central and eastern US. On the New York Mercantile Exchange, natural gas for delivery in January rose 0.91% to $3.652 per million British thermal units by 11:53 GMT, having shifted in a daily range […] Read more

Tencent share price down, inks exclusive distribution agreement with Sony

December 17, 2014 10:03 am
Chinas technology giant Tencent Holdings Ltd announced on Tuesday that it had reached a distribution deal with Sony Music Entertainment. Asias second biggest Internet company said it had struck a deal with the Japanese company, which would give Tencent the exclusive rights over the online distribution in China of Sony Musics library, which includes artists […] Read more

Gold trading outlook: futures trade below $1 200, all eyes on Fed

December 17, 2014 8:29 am
Gold was little changed on Wednesday, holding in a narrow daily range, as investors avoided entering large positions before the conclusion of Feds last policy meeting this year. Comex gold for delivery in February gained 0.37% to $1 198.7 per troy ounce by 07:56 GMT, having shifted in a daily range of $1 199.8-$1 195.3 […] Read more

Forex Market: NZD/USD daily trading forecast

December 17, 2014 8:08 am
Yesterday’s trade saw NZD/USD within the range of 0.7720-0.7849. The pair closed at 0.7796, gaining 0.72% on a daily basis. At 8:02 GMT today NZD/USD was down 0.86% for the day to trade at 0.7727. The pair touched a daily low at 0.7717. Fundamentals New Zealand Gross Domestic Product New Zealands Gross Domestic Product (GDP) […] Read more

Forex Market: GBP/USD daily trading forecast

December 17, 2014 7:50 am
Yesterday’s trade saw GBP/USD within the range of 1.5612-1.5785. The pair closed at 1.5748, gaining 0.71% on a daily basis. At 7:47 GMT today GBP/USD was down 0.19% for the day to trade at 1.5715. The pair touched a daily low at 1.5711. Fundamentals United Kingdom Bank of England Minutes At 9:30 GMT Bank of […] Read more

Forex Market: EUR/CHF daily trading forecast

December 17, 2014 7:33 am
Yesterday’s trade saw EUR/CHF within the range of 1.2008-1.2011. The pair closed at 1.2008, unchanged on a daily basis. At 7:30 GMT today EUR/CHF was up 0.01% for the day to trade at 1.2009. The pair touched a daily high at 1.2010. Fundamentals Euro zone Harmonized Consumer Inflation – final estimate The annualized final consumer […] Read more