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Forex Market: USD/MXN daily trading forecast

January 8, 2015 8:35 am
Yesterday’s trade saw USD/MXN within the range of 14.6830-14.9157. The pair closed at 14.7130, losing 1.21% on a daily basis. At 8:30 GMT today USD/MXN was down 0.18% for the day to trade at 14.6896. The pair broke the first key weekly support level and touched a daily low at 14.6864 at 8:15 GMT. Fundamentals […] Read more

Forex Market: USD/CAD daily trading forecast

January 8, 2015 8:18 am
Yesterday’s trade saw USD/CAD within the range of 1.1809-1.1876. The daily high has also been the highest level since May 4th 2009. The pair closed at 1.1814, losing 0.19% on a daily basis. At 8:14 GMT today USD/CAD was up 0.05% for the day to trade at 1.1824. The pair touched a daily high at […] Read more

Forex Market: EUR/USD daily trading forecast

January 8, 2015 7:50 am
Yesterday’s trade saw EUR/USD within the range of 1.1800-1.1899. The daily low has also been the lowest level since December 30th 2005. The pair closed at 1.1840, losing 0.41% on a daily basis. At 7:47 GMT today EUR/USD was down 0.22% for the day to trade at 1.1813. The pair broke the first two key […] Read more

Forex Market: EUR/GBP daily trading forecast

January 8, 2015 7:14 am
Yesterday’s trade saw EUR/GBP within the range of 0.7811-0.7856. The pair closed at 0.7835, losing 0.14% on a daily basis. At 7:10 GMT today EUR/GBP was down 0.03% for the day to trade at 0.7832. The pair touched a daily low at 0.7830 at 7:09 GMT. Fundamentals Euro zone Retail Sales Annualized retail sales in […] Read more

Sainsbury share price down, third-quarter sales above expectations

January 7, 2015 3:38 pm
J. Sainsbury Plc reported better-than-expected holiday results, but still continued to lose market share to discounters as the British retailer stated a 1.7% decline in sales. Despite marking one of its worst holiday performances, Sainsbury still reported results above analysts expectations of 2.5% to 4.4% drop in same-store sales during the 14 weeks to 3 […] Read more

Apple share price up, Beats unit under Monster legal attack

January 7, 2015 1:42 pm
Audio-equipment maker Monster launched a lawsuit against Apple-owned Beats Electronics and the Taiwanese smartphone manufacturer HTC over alleged “fraud and deceit”. Monster and Beats teamed-up in 2008 and developed the “Beats by Dr. Dre” brand, a line of high-priced, high-tech audio devices. The Beats products have enjoyed high demand from teenagers and celebrities ever since. […] Read more

J.C. Penney share price up, reports stronger holiday sales

January 7, 2015 10:46 am
J.C. Penney Company Inc reported better-than-expected holiday sales late Tuesday, boosting its shares to levels unseen since last November. The department store operator stated same-store sales increase of 3.7% during the nine weeks of November and December. The strong holiday results also boosted the companys confidence in its quarterly performance. J.C. Penney said it now […] Read more

Natural gas trading outlook: futures steady on weather transition

January 7, 2015 9:33 am
Natural gas gained for a second consecutive session on Wednesday as forecasting agencies projected temperatures to reach below zero over some US regions, but extended forecasts showing seasonal readings across the majority of the country capped gains. Natural gas for delivery in February traded 0.27% higher at $2.946 per million British thermal units at 9:05 […] Read more

Gold trading outlook: futures hold near three-week high on uncertainty

January 7, 2015 8:45 am
Gold fell on Wednesday, ending three days of gains, but traded near a three-week high as investors took shelter in the precious metal amid plunging oil and equity prices. Comex gold for delivery in February dropped 0.43% to $1 214.2 per troy ounce by 08:22 GMT, having shifted in a daily range of $1 219.4 […] Read more

Forex Market: USD/JPY daily trading forecast

January 7, 2015 8:16 am
Yesterday’s trade saw USD/JPY within the range of 118.04-119.64. The daily low has been the lowest level since December 17th. The pair closed at 118.41, losing 1.03% on a daily basis. At 8:13 GMT today USD/JPY was up 0.56% for the day to trade at 119.11. The pair touched a daily high at 119.25 at […] Read more