0.0 00 The Asian and Pacific Rim markets were mostly in the red by the afternoon on Thursday. This comes after the Peoples’ Bank of China (PBOC) kept their monetary policy and rates as is for …
Read More »Canadian Dollar Runs out of Gas Against the Greenback
0.0 00 The Canadian dollar (CAD) has gone on the back foot against the U.S. dollar (USD). The benchmark USD/CAD currency exchange rate on the above four (4) hour MT 4 chart is starting to falter …
Read More »Gold Starts to Run Out of Steam on Strong USD
0.0 00 Looking at the popular spot gold futures contract and above daily MT 4 chart, the yellow metal is trading around $1,940 per ounce during the early Asian trade session. This comes after the spot …
Read More »Euro Forms a Bullish Flag Chart Formation
0.0 00 The euro currency (EUR) in the world’s most liquid currency exchange rate, the EUR/USD, is now trading towards the top of a bullish flag formation noted on the above daily MT 4 chart. This …
Read More »Silver Prices Look to Recover above the trend Line
0.0 00 Looking at the benchmark spot silver futures contract on the above hourly (1) chart, the price of the white metal is trading around $27.80 per ounce. The precious metal has shown some weakness of …
Read More »Canadian Dollar continues to Dominate the USD
0.0 00 Looking at the Canadian dollar (CAD) trading against the U.S. dollar (USD) on the above hourly USD/CAD MT 4 chart, this Forex market remains under pressure. Forex traders are reacting to not only weaker …
Read More »Asian Equities Mixed on Geopolitical Tensions
0.0 00 The Asian and Pacific Rim financial equity markets are starting the week off mixed as traders worry about political tensions between China and the United States. Economic data out of Japan also showed their …
Read More »British Pound Trades in a Narrow Price Range
0.0 00 Looking at the British pound (GBP) on the above daily MT 4 chart, the headline GBP/USD currency exchange rate is trading in a narrow trade range to start the week off. Forex traders are …
Read More »Euro Currency Opens the Week Just above 1.18
0.0 00 Looking at the headline EUR/USD currency exchange rate and above daily MT 4 chart, the euro currency (EUR) might still have some gas in the tank. This Forex market is trading above 1.1740 and …
Read More »Gold Starts to Lose Steam in its Rising Triangle
0.0 00 Looking at the above one hour MT 4 chart, the spot gold futures contract is struggling to climb higher. The yellow metal is starting to lose steam as it tries to recover from $1,937.89 …
Read More »