News
Stocks 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
Read MoreGold Shows No Significant Movement
Gold remained low without any significant movement throughout the session and its price ranged between 1,280/ounce and $1,288/ounce. The price may be under pressure during today’s session as we await for the U.S. data (Core Durable Goods) to be released.
Read MoreU.S Stocks on an Upward Trend
Stocks in U.S surged following positive earnings figures. Yahoo released positive quarterly earnings figures and this helped reduce concerns on investors allowing the stocks to be traded and eventually this gave an increase to the stocks. The tech stocks were
Read MoreGold Recovers from Its Negative Mood on the Stock Market
The price of Gold continues to rise and its movement went up from $1,307/ounce up to $1,315/ ounce. The increase in price was contributed by the release data of the U.S. Non-farm payrolls which came out lower than expected and
Read MoreGBP Moves Upwards Following Release Of Great Industrial Data
The EUR/USD was trading flat during the last session in Asia and U.S. The pair did not move in any either direction but there is little significance for the pair to rise slightly against the dollar. The release of the
Read MoreStocks Stumble After Release Of Weak Data
Asian stocks were traded high during today’s session as investors were relieved with the new stimulus measures taken by the Chinese Government. This move gave a positive signal to the investors regarding the economic concerns within the region and this
Read MoreUSD Changes little despite Pre-NFP Data
The EUR/USD continued to move upwards slightly despite the manufacturing PMI data. Vitor Constancio, the European Central Bank Vice President showed that there will be no deflation in the Euro-zone but also warned that there could be a low inflation
Read MoreThe Precious Metal Continues To Fall
During yesterday’s session, Gold continued to weaken than the expected durable goods. The continuous fall of the precious metal was caused by the Federal Reserve’s decision to continue tapering thereby causing downward pressure on the metal. However, during the session,
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