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Forex Market: USD/CAD daily trading forecast

January 6, 2015 7:50 am
Yesterday’s trade saw USD/CAD within the range of 1.1743-1.1841. The pair closed at 1.1759, losing 0.28% on a daily basis. At 7:42 GMT today USD/CAD was down 0.05% for the day to trade at 1.1755. The pair touched a daily low at 1.1731. Fundamentals United States ISM Services data Activity in United States’ sector of […] Read more

Forex Market: EUR/NOK daily trading forecast

January 6, 2015 7:30 am
Yesterday’s trade saw EUR/NOK within the range of 9.0252-9.1624. The pair closed at 9.1153, gaining 0.25% on a daily basis. At 7:26 GMT today EUR/NOK was down 0.17% for the day to trade at 9.0988. The pair touched a daily low at 9.0810. Fundamentals Euro zone Services PMIs Services sector in Spain probably registered higher […] Read more

Forex Market: EUR/GBP daily trading forecast

January 6, 2015 7:16 am
Yesterday’s trade saw EUR/GBP within the range of 0.7747-0.7850. The pair closed at 0.7825, gaining 0.12% on a daily basis. At 7:13 GMT today EUR/GBP was up 0.17% for the day to trade at 0.7838. The pair touched a daily high at 0.7840 at 7:05 GMT. Fundamentals Euro zone French Consumer Confidence Confidence among consumers […] Read more

BP share price down, to be hit by weak oil prices and Russian crisis

January 5, 2015 3:49 pm
BP is expected to report a significant loss in the fourth quarter for its stake in Russias Rosneft as performance was hurt by plunging oil prices and weaker ruble. Marking its first loss in Russia, BP is on its way to report a Rosneft loss of up to $750 million, City analysts projected. The negative […] Read more

Nasdaq share price down, to acquire US index provider

January 5, 2015 1:16 pm
NASDAQ OMX Group Inc is buying private Dorsey Wright for $225 million in line with the exchanges plan to diversify its business. “We see ourselves as a major player in the index space,” said Adena Friedman, president of global capital access, technology and insights at Nasdaq, cited by the Financial Times. “We believe this is […] Read more

American Airlines share price up, reaches agreement with pilot union

January 5, 2015 10:53 am
The Allied Pilots Association union approved American Airlines final offer late Saturday and paved the way for an immediate 23% pilot wage hike. After the unions board agreed to the five-year deal, which also include an annual increase, the accord is now set to be voted later this month by the unions 10 000 American […] Read more

Natural gas trading outlook: futures extend gains on colder weather reports

January 5, 2015 9:31 am
Natural gas edged up for a second session on Monday to drift further from a 27-month low as forecasting agencies predict incoming colder weather, with temperatures set to drop below the zero mark in some regions. Natural gas for delivery in February traded 3.33% higher at $3.103 per million British thermal units at 9:10 GMT, […] Read more

Forex Market: EUR/SEK daily trading forecast

January 5, 2015 9:02 am
Friday’s trade saw EUR/SEK within the range of 9.3979-9.5219. The pair closed at 9.5144, gaining 0.86% on a daily basis. At 8:57 GMT today EUR/SEK was down 0.04% for the day to trade at 9.4936. The pair touched a daily low at 9.4807. Fundamentals Euro zone Sentix Investor Sentiment Confidence among investors in the Euro […] Read more

Gold trading outlook: futures tick up on China demand

January 5, 2015 8:36 am
Gold rose for a second session on Monday as the precious metal was supported by strong Chinese demand weeks before traditional holidays. Comex gold for delivery in February gained 0.92% to $1 197.1 per troy ounce by 07:39 GMT, having shifted in a daily range of $1 198.0-$1 177.8 an ounce. The precious metal edged […] Read more

Forex Market: EUR/CAD daily trading forecast

January 5, 2015 8:22 am
Friday’s trade saw EUR/CAD within the range of 1.4020-1.4143. The pair closed at 1.4139, gaining 0.71% on a daily basis. At 8:19 GMT today EUR/CAD was up 0.54% for the day to trade at 1.4103. The pair touched a daily high at 1.4135. Fundamentals Euro zone Sentix Investor Sentiment Confidence among investors in the Euro […] Read more