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Forex Market: USD/CHF daily trading forecast

December 11, 2014 7:48 am
Yesterday’s trade saw USD/CHF within the range of 0.9660-0.9724. The pair closed at 0.9665, losing 0.48% on a daily basis. At 7:31 GMT today USD/CHF was down 0.05% for the day to trade at 0.9659. The pair touched a daily low at 0.9628. Fundamentals United States Retail sales Retail sales in the United States probably […] Read more

Forex Market: EUR/SEK daily trading forecast

December 11, 2014 7:34 am
Yesterday’s trade saw EUR/SEK within the range of 9.2925-9.3759. The pair closed at 9.3746, gaining 0.58% on a daily basis. At 7:31 GMT today EUR/SEK was down 0.15% for the day to trade at 9.3604, which is also the current daily low. Fundamentals Euro zone French Consumer Price Index The annualized consumer inflation in France […] Read more

Forex Market: EUR/GBP daily trading forecast

December 11, 2014 7:22 am
Yesterday’s trade saw EUR/GBP within the range of 0.7882-0.7924. The pair closed at 0.7921, gaining 0.32% on a daily basis. At 7:19 GMT today EUR/GBP was up 0.13% for the day to trade at 0.7930. The pair touched a daily high at 0.7933 during early Asian trade and later tested this high again. Fundamentals Euro […] Read more

IBM share price down, delivers first products from Apple partneship

December 10, 2014 3:34 pm
International Business Machines Corp and Apple Inc will be revealing the first ten applications since their partnership was announced five months ago. The initial set of applications are aimed at governments and businesses, who are trying to keep up with the fast development of todays technology. Under the targeted audience are banks, retailers, insurers, telecommunication […] Read more

HSBC share price down, dismisses its European head of currency trading

December 10, 2014 2:07 pm
HSBC Holdings Plc has fired its European head of currency trading in relation to the foreign-exchange scandal last month, for which the British bank was fined $618 million. Stuart Scott, who was based in London and was in charge of foreign-exchange trading operations, was dismissed on December 9, after seven years with the British lender. […] Read more

Samsung share price down, to merge two of its US divisions

December 10, 2014 12:40 pm
Samsung Electronics Co said it will combine two of its US subsidiaries in order to boost efficiency and increase competitiveness. The tech giant said in a statement that it will merge its Samsung Electronics America Inc, main distributor for consumer electronics in the US, with Samsung Telecommunications America LLC, its mobile division, into a single […] Read more

Gold trading outlook: futures halt gains on fears high prices may hurt demand

December 10, 2014 9:06 am
Gold moderated increases on Wednesday, marking a third consecutive trading session of gains as dollar and equity weakness boosted the precious metals appeal as hedge. Comex gold for delivery in February gained 0.01%, to $1 232.1 per troy ounce by 09:02 GMT, having shifted in a daily range of $1 238.9-$1 227.6 an ounce. The […] Read more

Forex Market: EUR/JPY daily trading forecast

December 10, 2014 8:38 am
Yesterday’s trade saw EUR/JPY within the range of 146.76-148.89. The pair closed at 148.12, losing 0.36% on a daily basis. At 8:35 GMT today EUR/JPY was down 0.28% for the day to trade at 147.65. The pair touched a daily low at 147.15 at 5:40 GMT. Fundamentals Japan Machinery Orders Machinery Orders in Japan probably […] Read more

Forex Market: NZD/USD daily trading forecast

December 10, 2014 8:17 am
Yesterday’s trade saw NZD/USD within the range of 0.7606-0.7762. The pair closed at 0.7682, gaining 0.38% on a daily basis. At 8:12 GMT today NZD/USD was up 0.18% for the day to trade at 0.7692. The pair touched a daily high at 0.7728 at 5:40 GMT. Fundamentals New Zealand RBNZ policy decision Reserve Bank of […] Read more