Forex Trading Online

GBPUSD- the bulls last hope remains at 1.5330

The cable posted a 1.8% loss in the previous week, the biggest weekly drop in 4 months.  The cable lost 50Wsma and close below 20Wsma as well. The UK’s GDP unable to help the pound, […]

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AUDCAD- been making lower lows and lower highs in the weekly charts.

The oil price bounce helps the loonie to stay higher against the counterparts. The oil bounced from 6.5 years low. The Chinese slowdown, Yuan devaluation worries spread to the financial system, sharply fell across the […]

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USDJPY- the pair opened on a bearish note, support finds at 120.75 and 120.40.

Fed Vice Chairman Fischer: there are “substantial grounds” to believe that US inflation will rise towards the Fed’s 2% target, it may be a gradual easing revoked when low inflation should not rise to 2% […]

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GOLD- Aiming for $1,138.00, $1,144.00 and $1,148.00

The precious metal rejected at 20Wsma erased most of the earlier week gains. The metal managed to hold the 20Dsma twice, bounced on the weekend and manage to close above 50Wsma. Fed Vice Chairman: we […]

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