Forex Trading Online

GBPUSD-ahead of the GDP trading near ...

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The cable posted a drop in price at yesterday’s session as well followed by Tuesday’s selloff. The follow up selling pushed the cable below the important support levels in the daily chart. The US GDP increased at an annual rate of 3.7 percent in the second quarter of 2015. In the first quarter, real GDP […]

EURUSD- A daily close above 1.1300 th...

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 The pair extended the loss on 3rd consecutive day lost 200D&ema at yesterday’s session. The US GDP increased at an annual rate of 3.7 percent in the second quarter of 2015. In the first quarter, real GDP increased 0.6 percent.  Today traders eye German prelim CPI and Spanish flash CPI data. Besides, US personal spending […]

EURCAD- ahead of series of major even...

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 The oil price boosted yesterday’s trading with weekly gains and pause the 8-weeks sell off. The US GDP increased at an annual rate of 3.7 percent in the second quarter of 2015. In the first quarter, real GDP increased 0.6 percent. The GDP data boosted the oil price at yesterday’s session, recorded the biggest spikes […]

AUDNZD- ahead of the major events the...

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Upcoming data: NZD- ANZ business confidence on Monday and Tuesday Global Dairy prices AUD- Building approvals on Monday, Tuesday RBA Cash rate and GDP and retail sales due on Wednesday. The upcoming week starts with major data event on NZ but, trader’s eye on Monday’s building approvals. We expect the data might be on the […]

WTI- A daily close above 42.30 bulls ...

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The oil price boosted yesterday’s trading with weekly gains and paused the 8-weeks sell off. We have been advising the bottom might be around 37.80 and 37.50 rounded to 37.00. The oil made low at 37.75 bounced towards the resistance levels. The US GDP increased at an annual rate of 3.7 percent in the second […]

WTI- The oil price consolidating in ...

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 The oil price consolidating in a tight range 39.90 and 38.75. Earlier the oil made low at 37.75 which was parallel support level in the monthly. Earlier we analyzed and published the longer term view of the WTI. A weekly close below 37.75 drags the price towards 35, 33 and even 30.00 levels. We guess […]