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Forex Market: GBP/USD daily trading outlook

May 13, 2015 7:06 am
Yesterday’s trade saw GBP/USD within the range of 1.5554 – 1.5717, the highest in five months. The pair closed at 1.5671, surging 0.54% for the day following a 0.97% gain on Monday. At 07:03 GMT today GBP/USD was down 0.03% for the day to trade at 1.5665. The cross held in a daily range between […] Read more

EasyJet share price tumbles, warns of impact on second-half results

May 12, 2015 9:29 am
British low-cost airline easyJet Plc swung to a profit in the first fiscal half for the first time since 2002 but shares of the company tumbled as it warned of the negative impact a French strike in April would have on full-year performance. Europes second-biggest budget airline reported that total revenue for the six months […] Read more

Natural gas trading outlook: futures little changed on lack of extreme readings

May 12, 2015 7:41 am
Natural gas was mostly steady on Tuesday as overnight forecasts saw no significant changes, calling for mild and active weather across the US through the end of the month. Natural gas for delivery in June traded 0.43% higher at $2.814 per million British thermal units at 7:25 GMT, shifting in a daily range of $2.819-$2.785. […] Read more

Forex Market: GBP/USD daily trading outlook

May 12, 2015 6:44 am
Yesterdays trade saw GBP/USD within the range of 1.5614-1.5391, the highest since December 30th. The pair closed at 1.5587, surging 0.97% for the day after it settled last week 2.1% higher. At 06:43 GMT today GBP/USD was down 0.05% for the day to trade at 1.5579. The cross held in a daily range between 1.5564 […] Read more

Sharp shares tumble, considers capital reduction, preferred stock issuance

May 11, 2015 10:01 am
Troubled Japanese electronics maker Sharp Corp lost nearly $1 billion in market value on Monday after it said it may reduce its capital and issue preferred stock as part of a restructuring plan, with investors worrying about a potential dilution and other possible fund raising in the future. A person familiar with the matter who […] Read more

Natural gas trading outlook: futures gain on active weather, EIA data eyed

May 11, 2015 8:18 am
Natural gas rose for a second day on Monday as a strong weather system taps cooler Canadian air into the northern and central US, although gains were capped as temperatures across the US remain mild, with more bearish headwinds to come. Natural gas for delivery in June traded 0.63% higher at $2.898 per million British […] Read more

Forex Market: GBP/USD daily trading forecast

May 11, 2015 6:58 am
Fridays trade saw GBP/USD within the range of 1.5525-1.5242, the highest in three months. The pair closed at 1.5456, surging 1.38% for the day and settling the week 2.1% higher. At 06:57 GMT today GBP/USD was down 0.23% for the day to trade at 1.5421. The cross held in a daily range between 1.5406 and […] Read more

Syngenta AG shares soar, rebuffs Monsanto takeover offer

May 8, 2015 10:12 am
Swiss crop chemicals and seed producer Syngenta announced on Friday it has rejected a $45-billion acquisition proposal by US rival Monsanto Co, saying the offer undervalued the Swiss company and citing significant challenges to closing the deal. Monsanto offered CHF 449 per Syngenta share, with roughly 45% of the payment in cash. However, after a […] Read more

Forex Market: GBP/USD daily trading outlook

May 8, 2015 7:53 am
Yesterday’s trade saw GBP/USD within the range of 1.5276-1.5162. The pair closed 0.01% higher at 1.5246, rising for a third day. At 07:52 GMT today GBP/USD was up 1.56% for the day to trade at 1.5483. The cross held in a daily range between 1.5245 and 1.5522. Fundamentals United Kingdom A survey by Halifax Bank […] Read more