Forex Trading Online

Gold price caught in a tight trading ...


The gold price has been consolidating between 1329.00 and 1345.00 levels as the trigger looms on Saturday. The gold price attracts support at the channel support and 50Dsma but facing resistance seems at 20Dsma. Below 50Dsma, the price has support finds at 1320.00 and 1318.00 levels. Below these, 1310.00 is the earlier support base. The […]

EURUSD technical preview


The US new home sales data drag the euro from Tuesday’s intraday high as the new home sales recorded highest since October 2007. Review: US July new home sales are 12.4%, is expected to 2%, the previous value of 3.5% revised to 1.7%. US July new home sales 654 000, the highest since October 2007 […]

ANZ forecast A$ likely to fall to the...

Australian One Dollar Coins over Black

Given the lack of macroeconomic data, it is understandably a quiet day in the markets. Lack of Aussie events or China economic data the A$ casts on the greenback’s price action. The price closed on a lowest point of the day on Tuesday’s session. Earlier, the cross spotted with a double top seems at 0.7755 […]

New Zealand Overseas Merchandise Trad...


Beef and lamb exports to key markets fell in July, slicing into overall meat exports, Statistics NZ said today. In the month of July 2016, total exports were $4.0 billion and total imports were $4.4 billion. Beef export values and quantities to the United States were down in July while lamb values and quantities to […]

USDX preview- Trading on a verge of a...


The dollar index spotted with a double bottom and mildly rebounds from recent lows as traders focus on Yellen’s speech to an annual gathering of central bankers at Jackson hole. Jackson hole Symposium- The annual Jackson hole Symposium attracts high-profile audience includes Finance ministers and central bankers around the globe. ‘Her ability to surprise markets […]

Markit Flash France PMI summary-priva...


The latest flash France PMI data indicated that private sector output increased at the sharpest rate in ten months during August. The Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, posted 51.6, up from 50.1 in July, to signal a moderate pace of expansion. Service providers reported a […]