Daily Market News from TradingForex - page 3

 

Currencies News from TradingForex

EUR/USD

The dollar lost against the euro, after a one week high. At 5 pm New York time it traded at 1.3318 dollars per euro, after reaching its highest price since the 16th of January, at 1.3265. The pair traded at 1.3315 a 0.02 percent decrease. It is expected to find support at 1.3263 and resistance at 1.3398.

USD/JPY

The yen increased by 1 percent against the dollar, trading at 88.61 per dollar, after reaching its highest price since the 16th of January, with 88.06. The pair traded at 88.91 a 0.32 percent increase. It is expected to find support at 88.29 and resistance at 90.08.

AUD/USD

The decline in commodities has had a tremendous effect on the Australian dollar. It has fallen against most other major currencies. For the first time in three days it lost against the dollar, which traded really well yesterday. It lost 0.1 percent and traded at 1.0555 in New York.

Commodities News from TradingForex

GOLD

Gold for immediate delivery lost 0.2 percent, and at 10:59 pm Singapore time, it traded at 1,683.80 dollars an ounce.

Bullion for February delivery lost 0.2 percent, and traded at 1,683.30 dollars an ounce on the Comex in New York.

Cash Bullion of 99.99 percent purity lost 0.5 percent and traded at 1,690.58 an ounce on the Shanghai exchange.

Despite its losses, Gold is still expected to continue its success through the year and into the coming one.

OIL

West Texas Intermediate crude for March delivery gained 23 cents, and at 2:32 pm Singapore time it traded at 95.46 dollars a barrel in electronic trading on the New York Mercantile Exchange.

Brent for March settlement, lost 3 cents, and traded at 112.77 dollars a barrel on the London based ICE Furfures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The dollar held strong in the past couple of days, and it slightly fell yesterday against its major peers. The EUR/USD pair gained 0.41 percent and traded at 1.3373.

USD/JPY

The yen has reached its 11th weekly loss today, as Japanese consumer prices decline. The currency lost 0.2 percent and traded at 90.55 per dollar at 6:39 am London time. This is the longest losing streak for the currency since 1971. The pair traded at 90.55 in Asian trading, and is expected to find support at 88.06 and resistance at 90.25.

AUD/USD

Expectations that the Reserve Bank of Australia will cut interest rates again has contributed in the Australian dollar losing against its major peers including the dollar. The pair traded at 1.0447 losing 0.05 percent, and is expected to find support at 1.0493 and resistance at 1.0558.

Commodities News from TradingForex

GOLD

Gold for immediate delivery lost 0.3 percent and traded at 1,667.85 dollars an ounce at 12:51 pm Singapore time.

Bullion for February delivery lost 0.4 percent and traded at 1,662.60 dollars an ounce on the Comex in New York

Cash bullion of 99.99 percent purity lost 0.6 percent and traded at 1,675.33 dollars an ounce on the Shanghai gold exchange.

OIL

Oil continues a successful streak of gains, heading to its 7th week of success.

Crude for March delivery lost 13 cents, and traded at 95.82 dollars a barrel at 2:37 pm Singapore time, on the New York Mercantile Exchange.

Brent for March settlement lost 26 cents and traded at 113.02 dollars a barrel on the London based ICE Futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The U.S. dollar had traded well against most of its peers at the start of this week, and it has gained against Europe’s shared currency, after last week’s loss when the Euro reached its highest level against the dollar since almost a year. The pair gained 0.03 percent trading at 1.3458

USD/JPY

The U.S. dollar gained against most major currencies, and it reached its 2 and a half year high against the Japanese yen. Yesterday at 2:13 pm Tokyo time it traded at 91.03 a yen, adding 0.1 percent from last week. The pair traded at 91.08, gaining 0.18 percent.

AUD/USD

The Australian dollar fell against its American peer in trades, although expectations for the Australian currency for this year are still positive. The pair traded at 1.0428 in Asian trading, and is expected to find support at 1.0402 and resistance at 1.0552.

GBP/USD

Britain’s struggling currency was low against most of its peers including the U.S. dollar, the pair lost 0.16 percent and traded at 1.5772. It is expected to find support at 1.5747 and resistance at 1.5892.

Commodities News from TradingForex

GOLD

Gold has showed a sign of regaining its strength after some fails over the last week.

Gold futures for February delivery traded at 1,661.85 per troy ounce in Asian trading, on the New York Mercantile Exchange.

OIL

Oil did well with a streak of gains, and reached its four months high in New York.

Crude for March delivery gained 16 cents, and traded at 96.04 dollars a barrel at 2:31 pm Singapore time, on the New York Mercantile Exchange.

Brent for March settlement traded at 113.28 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The dollar’s fortune turned around and it has fallen against most of its peers. It was at 1.3440 per euro at 3:03 pm Tokyo time. The dollar has increased 0.1 percent over the past month, while the euro has added 2.1 percent. The EUR/USD pair lost 0.05 percent and traded at 1.3450 in Asian trading

USD/JPY

With a major drop against most currencies the United States dollar fell against the yen, and traded at 90.69 a yen, a 0.2 percent drop, while the yen increased by 0.3 percent after a long streak of fails, where over just the past month it fell 5.8 percent, the weakest among all major currencies. The USD/JPY pair climbed 0.12 percent in Asian trading and traded at 90.97, it is expected to find support at 88.06 and resistance at 91.25.

AUD/USD

The Australian dollar did better with a slight increase, and ignited hope that the Aussie still can beat its U.S. rival. The Australian dollar, U.S. dollar pair increased 0.25 percent in Asian trading, and traded at 1.0444.

GBP/USD

The British pound and U.S. dollar pair gained 0.06 percent and traded at 1.5705 in Asian trading, which is its lowest trade since the 20th of August 2012. The UK is now in consideration of refraining from its position in the European Union.

Commodities News from TradingForex

GOLD

Gold had a good trading day and it has risen changing its streak of losses.

Spot gold gained 0.3 percent and traded at 1,659.85 dollars an ounce at 10:2 am Singapore time. Gold for April delivery gained 0.4 percent and traded at 1,660.80 dollars an ounce on the Comex in New York.

OIL

Oil almost reached its four months high.

Crude for March delivery gained 28 cents, and traded at 96.72 dollars a barrel at 1:22 pm Singapore time, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 10 cents, and traded at 113.58 dollars a barrel on the London based ICE Futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The dollar reached its lowest level against the Euro in over a year; it fell against all but one of the major currencies. At 5 pm New York time it traded at 1.3492 dollars per euro, its weakest level in over a year. The pair traded at 1.3478 a 0.17 percent increase and it is expected to find support at 1.3265 and resistance at 1.3496.

USD/JPY

The Japanese yen traded lower than most other currencies. It lost 0.2 percent against the dollar and traded at 90.20 per dollar at 2:39 pm Tokyo time. It is expected for the yen to lose up to 4.6 percent against the dollar for the whole of January. The U.S. dollar traded at 90.73 yen.

GBP/USD

After a streak of losses the British pound redeemed its five months low against the dollar. The pound gained 0.3 percent and at 4:30 pm London time it traded at 1.5741 dollars. So far this year the British pound is one of the two weakest currencies right above the Japanese yen. The pair traded at 1.5768 this morning, increasing 0.50 percent. It is expected to find support at 1.5673 and resistance at 1.5784.

Commodities News from TradingForex

GOLD

Gold for February delivery lost 3.50 dollars and traded at 1,652.90 dollars an ounce.

Spot gold traded at 1,664.11 dollars an ounce at 02:51 London time.

Gold prices have lost 1.3 percent this year so far.

OIL

Oil traded well reaching its four months high.

West Texas Intermediate for March delivery lost 5 cents and at 1:25 pm Singapore time traded at 97.52 dollars a barrel in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 6 cents and traded at 114.42 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The dollar fell to its weakest level in over a year, against the euro. It lost 0.1 percent and traded at 1.3579 per euro at 6:10 am London time. During this month the euro has strengthened against the dollar by 2.8 percent, and it keeps doing so. It gained 0.5 percent since yesterday and at 9:45 am it traded at 1.3553 dollars per euro.

USD/JPY

The dollar fell further against most major currencies, but it advanced against the Japanese yen by 0.4 percent trading at 91.98 yen, after reaching its strongest level since June 2010 at 91.41. The pair lost 0.20 percent and traded at 90.91. It is expected to find support at 88.29 and resistance at 91.35.

GBP/USD

The British pound gained against the dollar, which has been falling. The British pound, U.S. dollar pair traded at 1.5796, a 0.21 percent increase, it is expected to find support at 1.5675 and resistance at 1.5892.

Commodities News TradingForex

GOLD

Gold gained for a third consecutive day and reached its one week high.

Spot gold gained 0.2 percent and traded at 1,679.55 dollars an ounce at 1:13 pm Singapore time.

Bullion gained 1.2 percent and traded at its highest price since the 24th of the month, at 1,683.28 dollars an ounce.

Gold for April delivery lost 0.1 percent and traded at 1,680.40 dollars an ounce on the Comex in New York.

OIL

Oil reached its four months high.

Crude for March delivery lost 2 cents and traded at 97.92 dollars a barrel at 1:52 pm Singapore time in electronic trading on the New York Mercantile exchange.

Brent for March settlement gained 21 cents and traded at 115.11 dollars a barrel on the London based ICE Futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The euro has gained against the dollar for the 6th consecutive month, making it its longest streak of gains since almost 10 years. It traded at 1.3579 dollars at 5 pm New York time. Expectations for the euro have turned positive and hopes are that the European currency will soon be leaving its crisis behind. The EUR/USD pair gained 0.2 percent and traded at 1.3605, it is expected to find support at 1.3427 and resistance at 1.3767.

USD/JPY

The yen reached its lowest in two and a half years against the dollar, losing 0.5 percent and traded at 92.20 per dollar at 1:52 pm Tokyo time. That happened after it had reached its weakest since June 2010 at 92.27.

AUD/USD

The U.S. dollar lost against the Australian dollar today, while Australia’s inflation seems to be weaker than expected. The pair traded at 1.0408, a 0.18 percent loss. It is expected to find support at 1.0391 and resistance at 1.0476

GBP/USD

The British pound and United States dollar traded at 1.5861 a 0.03 percent increase. It is expected to find support at 1.5686, and resistance at 1.5874.

Commodities News from TradingForex

GOLD

China’s lowering manufacturing gauge, and slowing production has had a negative impact on gold over the past month

Gold lost 0.8 percent its highest loss since the 24th of January.

Spot gold fell for the second day, losing 0.2 percent and traded at 1,661.45 dollars an ounce at 1:30 pm in Singapore.

Gold for April delivery traded at 1,662.10 dollars an ounce on the Comex in New York.

OIL

Oil did better than it has done in 8 years.

Crude for March delivery gained 6 cents, and traded at 97.55 dollars a barrel at 5:06 pm Sydney time, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 23 cents and traded at 115.78 dollars a barrel on the London based ICE futures Europe Exchange.

West Texas Intermediate futures gained for the 8th week, their highest since August of 2004.

 

Currencies News from TradingForex

EUR/USD

The dollar had mixed successes and losses in its recent trading sessions, but patterns show that it may find itself at a decline. The European currency and U.S. dollar pair lost 0.11 percent in Asian trading, and traded at 1.3628.

USD/JPY

The yen broke its streak of loses and gained against the U.S. dollar. It added 0.1 percent and traded at 92.65 per dollar, after touching its weakest level since May 2010 on the 1st of February at 92.97. The pair lost 0.01 percent in Asian trading, and traded at 92.78, it is expected to find support at 91.59 and resistance at 93.63.

AUD/USD

The Australian dollar gained against its American peer, which happened in correlation with reports that showed that Australian approvals to build new homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426 in Asian trading, a 0.15 percent increase. It is expected to find support at 1.0360 and resistance at 1.0474.

GBP/USD

The British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701 in Asian trading, a 0.02 percent increase. It is expected to find support at 1.5689 and resistance at 1.5879.

Commodities News from TradingForex

GOLD

Gold futures for April delivery on the Comex lost 0.06 percent and traded at 1,669.55 per troy ounce.

Gold in Tokyo had a major shift, because the yen’s weakness helped boost yen based futures contracts .This however happened as the Japanese currency started to rise.

Bullion for December delivery rose 1.2 percent, and traded at 1,678 dollars an ounce on the Tokyo Commodity Exchange.

OIL

As big crude consumers China and the United States regain their currency’s levels oil continues with its success reaching its longest period of gains since over eight years.

Crude for March delivery lost 26 cents and traded at 97.71 dollars a barrel at 1:23 pm Singapore time in electronic trading on the New York Mercantile Exchange.

Brent for March Settlement lost 18 cents and traded at 116.58 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The euro fell further against the U.S. dollar, it lost 0.1 percent and at 10:52 am Tokyo time it traded at 1.3504 dollars. The pair traded at 1.3496 in Asian trading a 0.14 percent increase. It is expected to find support at 1.3415 and resistance at 1.3711.

USD/JPY

The yen traded at 92.33 per dollar a 0.1 percent increase, at 1:50 pm Tokyo time. The dollar is expected to reach 94 yen for the first time in two years. The yen has been the weakest among major currencies this year with a 6.8 percent loss since the beginning of January.

AUD/USD

The Australian dollar lost 0.3 percent and at 4:50 pm Sydney time it traded at 1.0404 dollars, cancelling out its earlier 0.2 percent increase. The pair traded at 1.0424 in Asian trading losing 0.15 percent.

GBP/USD

The British pound U.S. dollar pair lost 0.06 percent and traded at 1.5754 in Asian trading.

Commodities News from TradingForex

GOLD

Gold futures for April delivery lost 0.15 percent and traded at 1673.95 dollars a troy ounce on the Comex. They are expected to find support at 1655.75 dollars and resistance at 1680.95 dollars.

OIL

After a streak of gains oil lost and fell to its lowest in a week.

Crude for March delivery lost 6 cents and traded at 96.11 dollars a barrel at 1:44 pm Singapore time in electronic trading on the New York Mercantile exchange.

Brent for March settlement lost 40 cents and traded at 115.20 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The European currency fell against most other currencies. It lost 0.4 percent against the dollar, and At 6:57 am London time the Euro traded at 1.3533 dollars. It is expected for the euro to fall as low as 1.3180 dollars. The pair traded at 1.3514 a 0.06 percent decline.

USD/JPY

The dollar lost against its Japanese counterpart in today’s trading. The U.S. dollar and Japanese yen pair fell by 0.12 percent and traded at 93.53.

AUD/USD

Low employment in Australia continues to affect the currency, and it dropped to its weakest since November of last year. It fell against most of its peers including the U.S. dollar. It lost 0.6 percent and traded at 1.0324 in New York. The AUD/USD pair traded at 1.0312 a 0.08 percent decline. It is expected to find support at 1.0288 and resistance at 1.0400.

GBP/USD

The British pound, U.S dollar pair traded at 0.05 percent, at 1.5667.

Commodities News from TradingForex

GOLD

Gold futures for April delivery lost 0.01 percent and traded at 1,678.55 dollars per troy ounce, on the Comex. They are expected to find support at 1,668.85 and resistance at 1,683.75.

OIL

Crude for March delivery gained 27 cents and traded at 96.74 dollars a barrel at 1:58 pm Singapore time, after reaching 96.89 dollars, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 15 cents and traded at 116.88 dollars a barrel on the London based ICE futures Europe exchange.

In Asian trading on the NYMEX oil futures for March delivery gained 0.14 percent and traded at 96.75 dollars a barrel.

Brent Oil futures for January delivery lost 0.13 percent and traded at 116.76 dollars a barrel on the ICE futures exchange.

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