0.0 00 The popular U.S. West Texas Intermediate (WTI) crude oil futures contract is looking to extend losses seen during the previous trade session on Wednesday. During the Asian trade session on Thursday, price action seems …
Read More »Dollar Remains Pressured Below the 50 Hour SMA
0.0 00 The U.S. dollar remains pressured below the fifty (50) hour simple moving average against the Canadian currency. The USD/CAD currency exchange rate remains weak trading around 1.23 during the Asian trade session. The almighty …
Read More »British Pound Challenges the 50 Hour SMA
0.0 00 The benchmark GBP/USD currency exchange rate is trading around fifty (50) hour simple moving average and above the two hundred (200) hour simple moving average. The British pound is challenging immediate upside resistance at …
Read More »British Pound tries to Stay above 1.3875 – 1.3880
0.0 00 The British pound is trying to stay above 1.3875 to 1.3880 region as traders are looking for higher yielding assets other than the U.S. dollar. The GBP/USD currency exchange rate is also challenging a …
Read More »New Zealand Dollar Trades around the Key 0.72 Level
0.0 00 The New Zealand dollar is having difficulty staying above the key and psychological level of 0.72 against the U.S. dollar. Overnight, New Zealand announced that China was becoming more difficult to deal with. This …
Read More »Spot Gold Loses Momentum as Trading Starts on Monday
0.0 00 Looking at the widely traded spot gold futures contract, the yellow metal is starting to lose upside momentum. Price action, on the above daily MT 4 price action chart is struggling to extend gains …
Read More »Euro Currency Loses Steam against the Greenback
0.0 00 The euro currency is looking tired against the U.S. dollar as a new trade week and month begin. The EUR/USD currency exchange rate is trading below the short-term twenty (20) day simple moving average …
Read More »British Pound Trades near 1.3950 against the Dollar
0.0 00 The British pound is trading around 1.3950 against the U.S. dollar during the Friday morning Asian trade session. The GBP/USD currency exchange rate has fallen lower as U.S. Treasury yields have inched higher supporting …
Read More »American Dollar Trades Lower around 1.2275
0.0 00 The American dollar, or greenback, has fallen lower against the Canadian dollar and is trading around 1.2275/78 during the early Asian trade session. The benchmark USD/CAD Forex market remains below the key daily simple …
Read More »Euro Currency Trades above the 100 Day SMA
0.0 00 On the heels of the Federal Reserve’s monetary policy and interest rate decision, the euro currency has risen to a new high price point since February. The headline EUR/USD currency exchange rate is trading …
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