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Forex Market: USD/SGD forecast for Monday

May 4, 2014 7:01 am
During Friday’s trading session USD/SGD traded within the range of 1.2518-1.2570 and closed at 1.2531, gaining 0.03% for the day, while recording a 0.28% weekly loss. Fundamental view United States Activity in United States’ sector of services probably continued to expand during April, with the corresponding non-manufacturing PMI coming in at a reading of 54.1, […] Read more

Forex Market: EUR/USD trading forecast for Monday

May 4, 2014 5:32 am
During Friday’s trading session EUR/USD traded within the range of 1.3812-1.3881 and closed at 1.3869. Fundamental view Euro zone Confidence among investors in the Euro zone probably improved during the current month, with the corresponding index coming in at a reading of 15.0. Last month the indicator rose to 14.1, the strongest since April 2011. […] Read more

Forex Market: AUD/USD forecast for Monday

May 3, 2014 10:09 am
During Friday’s trading session AUD/USD traded within the range of 0.9203-0.9280 and closed at 0.9277, gaining 0.04% for the day and 0.09% for the week. Fundamental view Australia At 1:30 GMT on Monday the Australia and New Zealand Banking Group (ANZ) will publish data regarding the number of job advertisements in Australia in April. This […] Read more

Forex Market: EUR/CHF trading forecast for Monday

May 3, 2014 5:25 am
During Friday’s trading session EUR/CHF traded within the range of 1.2175-1.2213 and closed at 1.2180. Fundamental view Confidence among investors in the Euro zone probably improved during the current month, with the corresponding index coming in at a reading of 15.0. Last month the indicator rose to 14.1, the strongest since April 2011. The index […] Read more

Forex Market: USD/MXN daily forecast

May 2, 2014 11:03 am
During yesterday’s trading session USD/MXN traded within the range of 13.0383-13.0915 and closed at 13.0405. At 10:57 GMT today USD/MXN was gaining 0.08% for the day to trade at 13.0540. The pair touched a daily high at 13.0656 at 8:40 GMT. Fundamental view Employers in all sectors of economy in the United States, excluding the […] Read more

Forex Market: USD/BGN daily forecast

May 2, 2014 8:58 am
During yesterday’s trading session USD/BGN traded within the range of 1.4082-1.4108 and closed at 1.4101. At 8:50 GMT today USD/BGN was gaining 0.06% for the day to trade at 1.4110. The pair breached the first key resistance and touched a daily high at 1.4119 at 7:35 GMT. Fundamental view Employers in all sectors of economy […] Read more

Forex Market: NZD/USD daily forecast

May 2, 2014 8:33 am
During yesterday’s trading session NZD/USD traded within the range of 0.8600-0.8640 and closed at 0.8628. At 8:28 GMT today NZD/USD was adding 0.05% for the day to trade at 0.8637. The pair touched a daily high at 0.8640 at 7:48 GMT. Fundamental view Employers in all sectors of economy in the United States, excluding the […] Read more

Forex Market: EUR/NZD daily forecast

May 2, 2014 7:56 am
During yesterday’s trading session EUR/NZD traded within the range of 1.6047-1.6128 and closed at 1.6075. At 7:52 GMT today EUR/NZD was losing 0.14% for the day to trade at 1.6042. The pair touched a daily low at 1.6034 at 7:45 GMT, breaching the first support level of 1.6039. Fundamental view The final manufacturing Purchasing Managers’ […] Read more

Forex Market: AUD/USD daily forecast

May 2, 2014 7:25 am
During yesterday’s trading session AUD/USD traded within the range of 0.9261-0.9313 and closed at 0.9275. At 7:16 GMT today AUD/USD was losing 0.01% to trade at 0.9272. The pair touched a daily low at 0.9266 at 00:45 GMT. Fundamental view Employers in all sectors of economy in the United States, excluding the farming industry, probably […] Read more

Forex Market: EUR/USD daily forecast

May 2, 2014 6:52 am
During yesterday’s trading session EUR/USD traded within the range of 1.3863-1.3889 and closed at 1.3870. At 6:47 GMT today EUR/USD was losing 0.07% for the day to trade at 1.3859. The pair touched a daily low at 1.3856 at 5:44 GMT, breaching the first support level of 1.3859. Fundamental view Euro zone The final manufacturing […] Read more