Weekly Market Update 28/09/2015-02/10/2015

      Good morning, The Federal Reserve will raise rates soon and the US dollar last week gained against all major currencies. The British Pound was the worst performer against the Grenback: GbpUsd closed at 1.5172 (-2.26% weekly), down 351 pips. AudUsd at 0.7020 (-2.25% weekly) lost 162 pips and UsdChf rose 108 pips to 0.9784 (+1.10% weekly). EurUsd slid but found support on its 200SMA. The shared currency lost 104 pips at 1.1191 (-0.92% weekly). UsdCad closed last Friday at 1.3326 (+0.80% weekly), up 108 pips, a more ...

    Posted 6 days ago (0) comments

    NZDUSD October 02, 2015

    High: 0.6454 | Low: 0.6382 0.6425 / 0.6429

    As we can see on H4 chart, the Kiwi Dollar has been correcting lower since the middle of Thursday. The pair jumped initially after the US employment report but then pulled back erasing part of the gains. NZDUSD is expected to trade with a bullish bias above 0.6375. more ...

    Posted 1 day ago (0) comments

    AUDUSD October 02, 2015

    High: 0.7065 | Low: 0.7001 0.7022 / 0.7026

    EURJPY October 02, 2015

    High: 134.86 | Low: 133.97 134.50 / 134.54

    USDJPY October 02, 2015

    High: 120.40 | Low: 118.67 119.88 / 119.91

    NZDUSD October 01, 2015

    High: 0.6448 | Low: 0.6386 0.6414 / 0.6418

    Economic News October 02, 2015

    Good Evening, United States Non-farm Payrolls below forecasts (203K) in September: Actual (142K). U.S. stock index futures indicated a higher open on Friday. USDCHF trading at 0.9683 while EURUSD trading at 1.1277. With a sudden plunge in Glencore’s share price, cascaded across oceans and time zones and left the company’s billionaire chief executive, Ivan Glasenberg, scrambling to calm anxious shareholders, creditors and trading partners. Euro STOXX 50 index advanced 0.42%. The FTSE 100 is higher by 0.95%, while the DAX is leading the CAC 40 higher. They are up 0.46% and 0.73% respectively. EURCHF trading at 1.0919 while EURJPY trading at 134.66. Hang Seng posted a 3.17% gain in response to data out Thursday showing signs of improvement in China's manufacturing sector. Australia stocks were lower after the close on Friday, as losses in th Read More ...

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