Daily Market News from TradingForex - page 4

 

Currencies News from TradingForex

EUR/USD

The euro has dropped to its lowest since July of 2012, after Mario Draghi, European Central bank president said that the region’s assets will be affected negatively due to slow inflation and growth caused by recent currency gains. The European currency traded at 1.3409 dollars at 1:16 pm Tokyo time. The pair traded at 1.3391 a 0.06 percent decrease.

USD/JPY

The yen gained against its U.S. competitor during today’s trading. The USD/JPY pair traded at 93.51 in Asian trading a 0.15 percent drop. It is expected to find support at 91.97 and resistance at 94.05. The pair is close to reaching its highest level in two years.

AUD/USD

The Australian dollar continues a steep fall against most major currencies, it traded at 1.0296 dollars at 4:41 pm Sydney time, before rising to slightly higher than the U.S. dollar. The pair traded at 1.0291 in Asian trading, a 0.09 percent increase. It is expected to find support at 1.0288, and resistance at 1.0367.

GBP/USD

The British pound, U.S. dollar pair gained 0.05 percent and traded at 1.5700 in Asian trading.

Commodities News from TradingForex

Gold

Gold futures for April delivery lost by 0.06 percent and traded at 1,670.35 dollars per troy ounce. It is expected to find support at 1,662.55 and resistance at 1,685.65.

Oil

As china’s export levels increase, oil does relatively better.

Crude for March delivery added 35 cents and traded at 96.07 dollars a barrel, at 1:58 pm Singapore time, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 57 cents, and traded at 117.81 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

After a three day loss the euro reached its lowest in two weeks against the U.S. dollar. At 6:10 am London time it traded at 1.3384 dollars. The EUR/USD pair lost 0.02 percent in Asian trading, and traded at 1.3373 after touching its lowest in two weeks.

USD/JPY

The Japanese yen increased against the U.S. dollar and traded at 92.59 per dollars. The U.S. dollar, Japanese yen pair lost 0.22 percent and traded at 92.52. It is expected to find support at 91.59 and resistance at 94.05.

AUD/USD

At 12:51 pm Sydney time, the Australian dollar traded at 1.0316 dollars, after home loan approval. The Australian dollar, U.S. dollar pair traded at 1.0312 in Asian traded, losing 0.14 percent. It is expected to find support at 1.0254 and resistance at 1.0398.

GBP/USD

The British pound, U.S. dollar pair traded 1.5804 in Asian trading, losing 0.04 percent. The pair is expected to find support at 1.5632 and resistance at 1.5844.

Commodities News from TradingForex

Gold

Gold traded higher during today’s trading sessions.

Gold futures for March delivery gained 0.04 percent and traded at 1,667.55 dollars per troy ounce on the Comex in New York.

They are expected to find support at 1,653.35 dollars and resistance at 1,685.65.

Oil

After rising for four weeks, Brent oil reached its highest in 9 months. Brent for March settlement lost 17 cents and traded at 118.73 dollars a barrel at 5:35 pm Sydney time on the London based ICE Futures Europe exchange.

Sweet crude futures for March delivery gained 0.06 percent and traded at 95.78 dollars a barrel on the New York Mercantile exchange.

 

Currencies News from TradingForex

EUR/USD

The euro did well and rose against almost all other major currencies, it gained 0.3 percent and traded at 1.3406 dollars at 5 pm New York time. The Euro, U.S. dollar pair traded at 1.3401 in Asian trading, a 0.03 percent decrease.

USD/JPY

After almost reaching its lowest in three years, the yen rose against the dollar by 0.3 percent, and at 2:47 pm Tokyo time it traded at 94.06 per dollar. The U.S. dollar Japanese yen pair lost 0.11 percent and traded at 94.24.

AUD/USD

The Australian dollar traded at 1.0255 dollars at 4:42 pm Sydney time. The Australian dollar U.S. dollar pair gained 0.03 percent and traded at 1.0259. It is expected to find support at 1.0256 and resistance at 1.0325.

GBP/USD

The British pound, U.S. dollar pair traded at 1.5660.

Commodities News from TradingForex

Gold

Gold fell to its one month low.

Gold for immediate delivery traded at 1,642.90 dollars an ounce losing 0.3 percent. At 1:06 pm Singapore time it traded at 1,646.81 dollars an ounce.

Oil

West Texas Intermediate reached its highest level in over a week.

Crude for March delivery lost 14 cents and traded at 96.89 dollars a barrel at 4:11 pm Sydney time on the New York Mercantile exchange.

Brent for March settlement gained 7 cents and traded at 118.20 dollars a barrel on the London based ICE Futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The Euro U.S. dollar lost 0.03 percent in today’s Asian trading and was at 1.3451.

USD/JPY
The yen continues rising for the second day against the other major currencies. At 6:38 this morning London Time, it traded at 93.05 per dollar a 0.5 percent increase. This increase is correlated with the fall in temperatures in Japan which have increased consumption and helped Prime Minister Shinzo Abe’s campaign. The pair lost 0.18 percent in Asian trading and was at 93.31

AUD/USD

The Australian dollar rose from its four month low and gained against its peers. It traded at 1.0343 dollars at 4:52 pm Sydney time a 0.4 percent increase. The Australian dollar U.S. dollar pair was at 1.0345 in Asian trading, a 0.34 percent increase. It is expected to find support at 1.0249 and resistance at 1.0258.

GBP/USD

The British pound lost and is now at its lowest in six months. The British pound U.S. dollar pair lost 0.04 percent in today’s Asian trading and was at 1.5652. It is expected to find support at 1.5547 and resistance at 1.5810.

Commodities News from TradingForex

Gold

Gold Futures for March delivery gained 0.17 percent and traded at 1,652.35 dollars per troy ounce on the Comex in New York.

They are expected to find support at 1,626.05 and resistance at 1,670.25 dollars.

Oil

Crude for March delivery gained 9 cents and at 1:05 pm Singapore time it traded at 97.60 dollars a barrel in electronic trading on the New York Mercantile exchange.

Brent oil for March settlement lost 5 cents and traded at 118.61 dollars a barrel on the London based ICE futures Europe exchange. Brent oil for March delivery expires today.

Brent oil for April delivery lost 8 cents and traded at 117.67 dollars a barrel.

 

Currencies News from TradingForex

EUR/USD

While other currencies fluctuated, the dollar rose against most of its major peers. The Euro U.S. dollar pair lost 0.03 percent and traded at 1.3450.

USD/JPY

The yen’s two day gain came to an end after the Bank of Japan announced its decision to not change its asset purchases. It fell 0.2 percent against the dollar and at 6:40 am London time it traded at 93.57 per dollar. The pair gained 0.05 percent and traded at 93.47. It is expected to find support at 92.16 and resistance at 94.39.

GBP/USD

The British pound fell against all 16 major currencies after the Bank of England announced that the currency will not be growing rapidly. The dollar reached its highest in 6 months against the pound. The pair lost 0.75 percent and traded at 1.5543. It is expected to find support at 1.5492 and resistance at 1.5689.

Commodities News from TradingForex

Gold

Gold for immediate delivery was at 1,644.65 dollars an ounce yesterday.

Gold futures for April delivery lost 0.03 percent and traded at 1,644.55 per troy ounce in today’s sessions, on the Comex in New York. They are expected to find support at 1,639.65 and resistance at 1,670.25.

Oil

West Texas Intermediate oil for March delivery gained 14 cents and traded at 97.15 dollars a barrel in electronic trading on the New York Mercantile exchange, at 2:10 pm Singapore time.

Brent for April settlement gained 7 cents and traded at 117.95 dollars a barrel on the London based ICE Futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The euro fell 0.7 percent against the U.S. dollar reaching its lowest in three weeks against its U.S. per. As of 5 pm New York time it traded at 1.3363 dollars, after getting to its lowest since the 24th of January at 1.3315 dollars. The Euro U.S. dollar pair lost 0.07 percent in today’s Asian trading and was at 1.3354.

USD/JPY

The Japanese yen continues rising, and for the fourth day it rose against the U.S. dollar. It gained 0.2 percent and at 6:36 am London time it traded at 92.67. The U.S. dollar Japanese yen pair lost 0.02 percent in today’s Asian trading and was at 92.86. It is expected to find support at 92.35 and resistance at 94.45.

GBP/USD

The British pound fell for a second day against its U.S. rival. It lost 0.1 percent and traded at 1.5521 dollars. The British pound, U.S. dollar pair gained 0.07 percent in today’s trading and was at 1.5504.

Commodities News from TradingForex

Gold

Gold for immediate delivery was at 1,633.55 dollars an ounce from 11:48 am Singapore time, losing 0.3 percent.

Bullion for April delivery on the Comex in New York, lost 0.1 percent and was at 1,633.30.

Oil

Crude for March delivery lost 8 cents and traded at 97.23 dollars a barrel at 3:00 pm Singapore time, in electronic trading on the New York Mercantile Exchange.

Brent for April settlement lost 15 cents and traded at 117.85 dollars a barrel, on the London based ICE futures Europe exchange.

 

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Currencies News from TradingForex

EUR/USD

Despite recent gains from the euro against the dollar, the U.S. dollar traded higher than most other major currencies including the Euro. The Euro U.S. dollar pair lost 0.17 percent in today’s Asian trading and was at 1.3341.

USD/JPY

The yen’s series of losses have made it the least successful currency for the past three months. It continued its decrease against the dollar and lost 0.5 percent and at 6:51 am London time it traded at 93.96 per dollar. The U.S. dollar Japanese yen pair gained 0.73 percent in today’s Asian trading and was at 94.22. It is expected to find support at 92.24 and resistance at 94.4

AUD/USD

The Australian dollar lost for the third consecutive day against the U.S. dollar. The Australian dollar, U.S. dollar pair lost 0.22 percent in today’s Asian trading and traded at 1.0289. It is expected to find support at 1.0226 and resistance at 1.0373.

GBP/USD

The pound traded lower against the U.S. dollar in today’s trading. The British pound U.S. dollar pair lost 0.20 percent and traded at 1.5486. It is expected to find support at 1.5461 and resistance at 1.5689.

Commodities News from TradingForex

Gold

Spot gold gained 0.6 percent and at 11:56 am Singapore time it traded at 1,614.90 dollars an ounce.

Gold for April delivery on the Comex in New York gained 0.3 percent and traded at 1,614.60 dollars an ounce.

Oil

Crude for March delivery lost 41 cents and at 2:19 pm Singapore time it traded at 95.67 dollars a barrel in electronic trading on the New York Mercantile exchange.

Brent for April settlement added 15 cents and traded at 117.81 dollars a barrel on the London based ICE futures Europe exchange.

 

Currencies News from TradingForex

EUR/USD

The dollar which is higher than most of its peers during today’s sessions rose against Europe’s shared currency. The Euro U.S. dollar pair lost 0.04 percent in today’s Asian trading and was at 1.334

USD/JPY

The dollar lost against the Japanese yen by 0.1 percent and starting 11:12 am Tokyo time it was at 93.90 yen. Expectations have the dollar trading at 90 yen through the next weeks before reaching 99.74. The U.S. dollar Japanese yen pair slid 0.23 percent in today’s Asian trading, and was at 93.75. It is expected to find support at 92.23 and resistance at 94.41.

AUD/USD

The Australian dollar rose against the U.S. dollar during today’s sessions. The Australian dollar, U.S. dollar pair gained 0.15 percent and traded at 1.0323. The pair is expected to find support at 1.0250 and resistance at 1.0325.

GBP/USD

The British pound lost 0.4 percent against its U.S. rival reaching its lowest in seven months. As of 5:02 pm London time it traded at 1.5464. The pair lost 0.01 percent and traded at 1.5466.

Commodities News from TradingForex

Gold

Gold rose after a week of continuous decline through which it almost reached its lowest level in 6 months.

Gold for immediate delivery traded at 1,614.05 dollars an ounce at 9:42 am Singapore time, gaining 0.3 percent.

Oil

West Texas Intermediate for March delivery lost 61 cents and at 3:41 pm Sydney time it was at 95.53 dollars a barrel, in electronic trading on the New York Mercantile exchange. WTI for March delivery expires tomorrow.

West Texas Intermediate for April delivery lost 37 cents and was at 96.04 dollars a barrel.

Brent oil for April settlement gained 4 cents and traded at 117.42 dollars a barrel.

 

Currencies News from TradingForex

EUR/USD

The U.S. dollar has traded with mixed ups and downs during today’s sessions. The euro U.S. dollar pair gained 0.22 percent in today’s Asian trading, and was at 1.3419

USD/JPY

The Japanese yen found footing against the dollar rising 0.4 percent and trading at 93.58 per dollar from 5:00 pm New York time. The U.S. dollar Japanese yen pair gained 0.11 percent in today’s Asian trading and was at 93.67

AUD/USD

After a streak of losses the Australian dollar strengthened against 15 of its 16 major rivals. It gained 0.5 percent in New York and traded at 1.0356 dollars. The pair lost 0.06 percent in today’s Asian trading, and was at 1.0350. It is expected to find support at 1.0274, and resistance at 1.0378

GBP/USD

The dollar gained against the pound in today’s trading, and the British Pound U.S. dollar pair lost 0.30 percent and was at 1.5402

Commodities News from TradingForex

Gold

Gold continues to trade higher during today’s sessions, after breaking its week long losses and gaining for the first time yesterday.

Gold futures for April delivery gained 0.24 percent and were at 1,608.10 dollars per troy ounce on the Comex in New York.

Spot gold rose 0.3 percent and as of 2:03 pm Singapore time it traded at 1,607.40 dollars an ounce.

Oil

West Texas Intermediate for March delivery gained 4 cents and traded at 96.70 dollars a barrel at 1:42 pm in electronic trading on the New York Mercantile exchange.

WTI for April delivery gained 2 cents and traded at 97.13 dollars a barrel.

Brent for April settlement lost 22 cents and traded at 117.30 dollars a barrel on the London based ICE Futures Europe exchange.

Reason: