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MCX Copper Update, MCX Crude Oil Update, MCX Gold Silver Ti

posted by Avatar mmfssbm 3 days ago in Technical, Fundamental, Gold made popular 3 days ago

Today all base metals are green mode. Copper is showing sell position but copper above 445 than buy with stop loss 415. Copper is showing sell signal for short term.
Resistance 429-430-432
Support -422. read more
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EU Summit Fails to Provide Answers

posted by Avatar FXTimes 3 days ago in EUR, Fundamental, Daily made popular 3 days ago

The markets did not get any reason for hope out of the EU summit. Agreement on the significance of having more concrete decision during the official summit in June sounds like “kicking the can down the road” as Jamie Coleman from Forexlive put it read more
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Free Guide to Trading Forex during Volatile Times

posted by Avatar PipWatCher 3 days ago in AUD made popular 3 days ago

SYDNEY, May 23, 2012 /PRNewswire via COMTEX/ -- The recent falls in commodity currencies, including the Australian dollar, show how volatility in global markets could present trading opportunities for forex traders. For example, the Aussie dollar (AUD) ... read more
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Cowabunga System Daily Update: Wednesday, 05/23/2012

posted by Avatar EJSuratos 3 days ago in USD, GBP, Daily made popular 3 days ago

Today was a good day with an interesting trade. You'll definitely want to check it out as I was able to grab a nice 35 pips! See how it all went down in today's Cowabunga Surf Report. read more
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Canadian dollar extends losses after March retail sales data

posted by Avatar twilight 3 days ago in USD, EUR, CAD made popular 3 days ago

Canada's dollar extended losses against its US counterpart on Wednesday, dragged down by broader concerns about Europe's financial stability, even as domestic data showed retail sales bounced back in March. The Canadian dollar ... read more
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Canadian Dollar Falls Before EU Summit, Canadian Retail

posted by Avatar romil 3 days ago in CAD

The reaction as far as the Canadian dollar is concerned has been fairly limited. The currency weakened 0.2 percent to C$1.0225 per US dollar at 7:47 am in Toronto. It fell to as low as C$1.0238, after reaching C$1.0247 on May 21, the weakest level ... read more
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Euro Tanks as Greece Exit Considered More Likely

posted by Avatar MMarquit 3 days ago in EUR made popular 3 days ago

Euro is tanking today, heading lower as speculation about a Greek exit of the eurozone increases. Indeed, some think that there is a real threat for Greek withdrawal — and that such a withdrawal could prompt a domino effect that includes Spain an read more
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ForexLive: GBPUSD Eyes Resistance At The 1.5739/41 Today

posted by Avatar ejc 3 days ago in GBP, Technical, Daily made popular 3 days ago

The GBPUSD fell sharply on worse than expected Retail Sales but has rallied back higher since bottoming at channel support (putting in a bottom parellel line often provide a border line to take profit in a fast moving market).....more. read more
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Bank of Japan Inaction Helps Yen

posted by Avatar MMarquit 3 days ago in JPY made popular 3 days ago

The Bank of Japan decided against taking any more action to ease at this time, and that is helping the Japanese yen. Forex traders had been expecting the Bank of Japan to ease further, in an attempt to keep the yen weak, but the BOJ offered somet read more
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GBP/USD: Trading the British GDP

posted by Avatar forexcrunch 3 days ago in USD, GBP made popular 3 days ago

The British Gross Domestic Product (GDP) provides a measurement of the production and growth of the economy. Analysts consider GDP one the most important indicators of economic activity. A reading which is higher than the market forecast is bulli read more
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Indonesia - Market Factors to watch - May 23

posted by Avatar realtrade 4 days ago in USD, EUR, JPY, Commodities

GOVT SEES 2013 OIL LIFTING AT 910000 BPD Oil output in 2013 will reach between 880000 and 910000 barrels per day (bpd), lower than its 2012 budgeted oil output target of between 910000 and 940000 ... read more
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US corn claws back part of 5 pct tumble

posted by Avatar butterscotch 4 days ago in USD, EUR, AUD, Commodities made popular 4 days ago

US Agriculture Department report released late Monday showed farmers were almost done with spring planting and that the corn crop was in good shape, which added a bearish tone over the markets. * USDA said on Monday afternoon that planting accelerated ... read more