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Forex Market: USD/CAD daily trading outlook

August 7, 2015 7:12 am
Yesterday’s trade saw USD/CAD within the range of 1.3199-1.3092. The pair closed 0.5% lower at 1.3109, dropping for a second day. At 07:11 GMT today USD/CAD was up 0.02% to trade at 1.3113, holding in a daily range of 1.3104 – 1.3125, and is up 0.2% for the week. Fundamentals United States Employers in all […] Read more

Adidas share price up, posts upbeat Q2 results, considers shedding golf business

August 6, 2015 10:04 am
German sportswear company Adidas AG reported on Thursday a slight increase in second-quarter profit on the back of strong sales, which however were dragged by its deteriorating golf business. Adidas, the worlds second-biggest sportswear maker, said that net income from continuing operations rose by 2% from a year earlier to €146 million in the second […] Read more

Natural gas trading outlook: futures drop on active weather ahead of EIA data

August 6, 2015 8:27 am
Natural gas fell for a second day, paring earlier weekly gains, as cooler weather across the northern US curbed cooling demand, while next weeks developments remained unclear and todays EIA report is expected to print a below-average inventory gain. Natural gas for delivery in September traded 1.22% lower at $2.764 per million British thermal units […] Read more

Forex Market: EUR/USD daily trading forecast

August 6, 2015 6:58 am
Yesterday’s trade saw EUR/USD within the range of 1.0938-1.0847, a 2-1/2-week low. The pair closed at 1.0906, up 0.23% on a daily basis, ending two days of losses. At 06:57 GMT today EUR/USD was up 0.06% for the day to trade at 1.0912. The pair held in a daily range of 1.0898 – 1.0942 and […] Read more

Gold trading outlook: futures hover near 5-1/2-year lows on Fed comments

August 5, 2015 8:42 am
Gold fell in early European trading on Wednesday, hovering near the lowest in 5-1/2 years, after a voting Fed member reinforced speculations of an interest rate hike in September, sending the dollar soaring to the highest in 3-1/2 months against a basket of currencies. Gold futures for delivery in December traded 0.62% lower at $1 […] Read more

Forex Market: USD/CAD daily trading outlook

August 5, 2015 7:16 am
Yesterday’s trade saw USD/CAD within the range of 1.3202-1.3102. The pair closed 0.3% higher at 1.3191, rising for a fifth day. At 07:14 GMT today USD/CAD was up 0.06% to trade at 1.3200, holding in a daily range of 1.3185 – 1.3214, and is up 0.9% on a weekly basis following six straight weeks of […] Read more

Natural gas futures extend gains on warmer weather outlook

August 4, 2015 9:56 am
Natural gas rose for a second day on Tuesday, supported by extended forecasts calling for widespread very warm weather across the US next week and ahead of this Thursdays expected below-average inventory gain. Natural gas for delivery in September traded 1.64% higher at $2.793 per million British thermal units at 09:30 GMT, shifting in a […] Read more

Toyota posts record Q1 profit despite lower sales

August 4, 2015 8:37 am
Toyota Motor Corp reported on Tuesday a record quarterly profit that topped analysts projections as cost cuts and a weaker yen helped offset a decline in sales, which led the Japanese company to lose its spot as the worlds top-selling car maker. Net income rose to ¥646.3 billion in the three months ended June 30th […] Read more

Forex Market: USD/CAD daily trading outlook

August 4, 2015 6:43 am
Yesterday’s trade saw USD/CAD within the range of 1.3178-1.3077. The pair closed 0.2% higher at 1.3153, rising for a fourth day. At 06:42 GMT today USD/CAD was down 0.17% to trade at 1.3133, holding in a daily range of 1.3124 – 1.3176, and is up 0.3% on a weekly basis. Fundamentals United States Redbook Research […] Read more