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Forex Market: GBP/CAD daily forecast

August 4, 2014 7:06 am
During Friday’s trading session GBP/CAD traded within the range of 1.8341-1.8452 and closed at 1.8357, losing 0.29 for the day. At 7:04 GMT today GBP/CAD was adding 0.12% for the day to trade at 1.8384. The pair touched a daily high at 1.8392 at 6:20 GMT. Fundamental view Activity in United Kingdom’s sector of construction […] Read more

Forex Market: GBP/CHF daily forecast

August 4, 2014 7:02 am
During Friday’s trading session GBP/CHF traded within the range of 1.5223-1.5353 and closed at 1.5234, losing 0.7% for the day. At 7:01 GMT today GBP/CHF was gaining 0.14% for the day to trade at 1.5251. The pair touched a daily high at 1.5258 at 4:25 GMT. Fundamental view United Kingdom Activity in United Kingdom’s sector […] Read more

Forex Market: USD/CHF daily forecast

August 4, 2014 6:57 am
During Friday’s trading session USD/CHF traded within the range of 0.9041-0.9096 and closed at 0.9054, losing 0.36% for the day. At 6:55 GMT today USD/CHF was adding 0.08% for the day to trade at 0.9061. The pair touched a daily high at 0.9067 at 4:30 GMT. Fundamental view Activity in Switzerland’s manufacturing sector probably slowed […] Read more

Forex Market: EUR/AUD trading forecast for Monday

August 3, 2014 7:09 am
During Friday’s trading session EUR/AUD traded within the range of 1.4371-1.4446 and closed at 1.4418, gaining 0.07% for the day and 0.87% on a weekly basis. Fundamental view Confidence among investors in the Euro zone was probably lower during the current month, with the corresponding index coming in at a reading of 9.0. In July […] Read more

Forex Market: AUD/CHF forecast for Monday

August 2, 2014 6:46 am
Friday’s trade saw AUD/CHF within the range of 0.8416-0.8466. The pair closed at 0.8439, losing 0.08% on a daily basis and 0.73% for the whole week. Fundamental view Australia At 0:30 GMT on Monday (August 4th) the University of Melbourne will release its estimate of inflation in Australian economy during July. Annualized inflation estimate for […] Read more

Forex Market: EUR/CHF trading forecast for Monday

August 2, 2014 4:02 am
During Friday’s trading session EUR/CHF traded within the range of 1.2155-1.2171 and closed at 1.2165, losing 0.03% for the day, but gaining 0.12% on a weekly basis. Fundamental view Euro zone Confidence among investors in the Euro zone was probably lower during the current month, with the corresponding index coming in at a reading of […] Read more

GBP/USD off daily lows as US unemployment rate unexpectedly rises in July

August 1, 2014 12:49 pm
British pound bounced from daily lows against the US dollar on Friday, after non-farm payrolls in the United States increased less than anticipated and the rate of unemployment climbed in July. The sterling came under selling pressure earlier today, as manufacturing activity in the United Kingdom disappointed expectations. Having touched a daily low at 1.6814 […] Read more

Forex Market: USD/CAD daily forecast

August 1, 2014 9:02 am
During yesterday’s trading session USD/CAD traded within the range of 1.0877-1.0930 and closed at 1.0907. At 8:56 GMT today USD/CAD was adding 0.28% for the day to trade at 1.0934. The pair touched a daily high at 1.0935 at 8:50 GMT, breaching the first key daily resistance level and the two key weekly resistance levels. […] Read more

Forex Market: USD/BGN daily forecast

August 1, 2014 8:42 am
During yesterday’s trading session USD/BGN traded within the range of 1.4595-1.4626 and closed at 1.4608, gaining 0.05% on a daily basis. At 8:26 GMT today USD/BGN was up 0.03% for the day to trade at 1.4612. The pair broke the first weekly resistance level and touched a daily high at 1.4619 at 7:55 GMT. Fundamental […] Read more

Forex Market: AUD/USD daily forecast

August 1, 2014 8:31 am
During yesterday’s trading session AUD/USD traded within the range of 0.9280-0.9330 and closed at 0.9302. At 8:26 GMT AUD/USD traded at 0.9286, losing 0.09% for the day. The pair touched a daily low at 0.9278 at 6:55 GMT, breaching the first key daily support level and the two key weekly supports. Fundamental view Employers in […] Read more