Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated: October 30, 2024
On Wednesday USD/CAD long positions should be opened above the hourly 55-period Exponential Moving Average (1.3925) with targets set in proximity to December 22nd high of 1.3967 and stops placed just below the hourly 100-period EMA (1.3890-1.3900 area). Short positions, on the other hand, could be opened below the low from December 22nd (1.3913) with targets set in proximity to December 18th low of 1.3851 and stops placed just above the hourly 21-period EMA (1.3925-1.3935).
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Gold trading outlook: futures pressured by robust dollar Gold slipped for a fourth session on Thursday as the precious metal failed to shake off pressure by strong US economic data.Comex gold for delivery in April was down 0.02% at $1 200.7 per troy ounce at 8:34 GMT, shifting in a daily range […]
Forex Market: EUR/CAD daily trading forecast Yesterday’s trade saw EUR/CAD within the range of 1.4381-1.4507. The pair closed at 1.4458, up 0.36% on a daily basis, following a 1.71% slump on Wednesday. The latter has been the steepest daily rate of decline since October 22nd, when the […]
UK stocks dipped, investors consider Fed The London-based head of portfolio strategy of Brewin Dolphin Securities Ltd. "It looks like we either see an economic downturn in the US or monetary stimulus is going to slow. For the analyst that is not favorable condition to invest. They […]
| Updated: October 30, 2024
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