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Forex Market: GBP/NZD daily forecast

May 22, 2014 7:59 am
During yesterday’s trading session GBP/NZD traded within the range of 1.9647-1.9767 and closed at 1.9729. At 7:55 GMT today GBP/NZD was losing 0.01% for the day to trade at 1.9708. The pair touched a daily low at 1.9669 at 5:10 GMT. Fundamental view The preliminary (revised) reading of the British GDP probably matched the advance […] Read more

Forex Market: GBP/CHF daily forecast

May 22, 2014 6:52 am
During yesterday’s trading session GBP/CHF traded within the range of 1.4988-1.5116 and closed at 1.5096. At 6:48 GMT today GBP/CHF was gaining 0.01% for the day to trade at 1.5097. The pair touched a daily high at 1.5107 at 6:00 GMT. Fundamental view The preliminary (revised) reading of the British GDP probably matched the advance reading of […] Read more

Forex Market: EUR/AUD daily forecast

May 22, 2014 6:42 am
During yesterday’s trading session EUR/AUD traded within the range of 1.4790-1.4874 and closed at 1.4816. At 6:37 GMT today EUR/AUD was losing 0.26% for the day to trade at 1.4755. The pair touched a daily low at 1.4743 at 4:50 GMT, breaching the two key resistances. Fundamental view The advance (preliminary) manufacturing Purchasing Managers’ Index […] Read more

Forex Market: EUR/CAD daily forecast

May 22, 2014 6:32 am
During yesterday’s trading session EUR/CAD traded within the range of 1.4894-1.4962 and closed at 1.4936. At 6:27 GMT today EUR/CAD was losing 0.12% for the day to trade at 1.4918. The pair touched a daily low at 1.4910 at 6:00 GMT. Fundamental view Euro zone The advance (preliminary) manufacturing Purchasing Managers’ Index (PMI) in the […] Read more

Forex Market: EUR/GBP daily forecast

May 22, 2014 6:18 am
During yesterday’s trading session EUR/GBP traded within the range of 0.8086-0.8145 and closed at 0.8097. At 6:14 GMT today EUR/GBP was losing 0.04% for the day to trade at 0.8095. The pair touched a daily low at 0.8091 at 6:01 GMT. Fundamental view Euro zone The advance (preliminary) manufacturing Purchasing Managers’ Index (PMI) in the […] Read more

Forex Market: NZD/USD daily forecast

May 21, 2014 11:32 am
During yesterday’s trading session NZD/USD traded within the range of 0.8561-0.8632 and closed at 0.8562. At 11:26 GMT today NZD/USD was losing 0.1% for the day to trade at 0.8565. The pair touched a daily low at 0.8554 at 4:45 GMT, the weakest level since April 30. Fundamental view At 18:00 GMT the Federal Open […] Read more

Forex Market: USD/CAD daily forecast

May 21, 2014 11:20 am
During yesterday’s trading session USD/CAD traded within the range of 1.0872-1.0917 and closed at 1.0911. At 11:13 GMT today USD/CAD was adding 0.04% for the day to trade at 1.0910. The pair touched a daily high at 1.0914 at 00:30 GMT. Fundamental view At 18:00 GMT the Federal Open Market Committee (FOMC) will release the […] Read more

Forex Market: USD/MXN daily forecast

May 21, 2014 11:08 am
During yesterday’s trading session USD/MXN traded within the range of 12.8834-12.9665 and closed at 12.9159. At 11:02 GMT today USD/MXN was losing 0.02% for the day to trade at 12.9070. The pair touched a daily low at 12.8998 at 9:30 GMT. Fundamental view At 18:00 GMT the Federal Open Market Committee (FOMC) will release the […] Read more

Forex Market: USD/CHF daily forecast

May 21, 2014 8:56 am
During yesterday’s trading session USD/CHF traded within the range of 0.8914-0.8940 and closed at 0.8918. At 8:51 GMT today USD/CHF was losing 0.17% for the day to trade at 0.8905. The pair touched a daily low at 0.8898 at 7:00 GMT, breaching the first key resistance. Fundamental view At 18:00 GMT the Federal Open Market […] Read more

Forex Market: AUD/USD daily forecast

May 21, 2014 8:45 am
During Friday’s trading session AUD/USD traded within the range of 0.9232-0.9336 and closed at 0.9233. At 8:40 GMT AUD/USD traded at 0.9228, losing 0.15% for the day. The pair touched a daily low at 0.9216 during early Asian trading hours. Fundamental view At 18:00 GMT the Federal Open Market Committee (FOMC) will release the minutes […] Read more