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Gold Spurred after US Economic Growth Cut
The precious metal started bullish as the U.S. Federal reserve lowered their economic growth outlook and also further decided to keep its interests rates at a low. The price for the metal was around $1,281 an ounce. The metal seems
Read MoreObama’s Statement Cause the EUR/USD to Turn Bullish
After Obama’s statement, the EUR/USD climbed today and yesterday’s decision to keep the interests rates unchanged also contributed to the strengthening of the Euro. When the information was published, the pair dropped but later climbed higher after retracting its losses.
Read MoreEUR/USD Now Falling After A Week High
The EUR/USD is finally on a downward trend after having absorbed its last week’s data and its support level decreased to 1.3580. The pair followed went on a low without any economic releases and the market was quiet. Mario Draghi,
Read MoreThe U.S. Dollar Falls Following Non-Farm Payrolls Data
Just after the European Central Bank announced that it will be cutting down the interest rate from 0.25% to 0.15%, the EUR/USD dropped. The pair had recently retraced its losses and went high due to the release of the jobless
Read MoreEuro Still Under Pressure
After having gained slightly from Monday, the EUR/USD pair made a downward trend and fell by 60 pips reaching at 1.3610. Its upward trend had resulted from the rising speculation of the European Central bank trying to cut down its
Read MoreStocks on an Upward Trend Following Fed’s Meeting Minutes
Asian stocks were traded high throughout the session and this brought a lot of surprises to investors. The investors had started the day with a pessimistic mood regarding the stocks due to the fact that they anticipated a lot of
Read MoreStocks Trade Low During The Session
European stocks were traded mixed during the session. In its early session, the stocks opened on an upward trend following its previous two sessions. However, the stock values started to decline and investors locked on profits due to its slight
Read MoreStocks Traded Low Due To Public Holidays
Asian stocks traded mixed in today’s early session and during the Public holidays the stocks were trading thin. There could be some positive trading opportunities as traders wait for news regarding the Chinese manufacturing data to be released later during
Read MoreInvestors Await Data release from Ebay
Today’s hot asset is Ebay. Traders are patiently waiting for the release of Ebays quarterly earnings data today. The data will create a short term reaction in their share price making it possible for investors to scalp some profits during
Read MoreThe Euro remains strong despite Draghi’s Speech
The pairing EUR/USD continued to remain strong throughout the Asian session and all gains were seen in favor of the Euro due to the release of positive manufacturing PMI data. It slightly fail yesterday before Dovish Draghi’s Speech and in
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