Forex Trading Online

EURCAD- Approaching strong resistance zone

Ahead of the major events of euro zone PMI and Canada retail and inflation data the CAD is trading lower. The oil price fell more than 4% at yesterday’s session after the inventory data hits […]

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WTI- approaching support zone

The oil price fell more than 4% at yesterday’s session after the inventory data hits the wires. The supply and demand mismatch drags the prices to six and half years low. The Energy Information Administration […]

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GOLD- parallel resistance seems at $1,135.00 and 50Dsma seems at $1,138.00.

The metal posted strong gains after the FOMC minutes, closed with 1.5% gains.  The FOMC minutes lack September statement, pushed the USD down. The world’s largest gold ETF – SPDR Gold Trust holdings held steady […]

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GBPUSD- The pattern set up to re-visit the earlier high, if ceiling taken out

The cable extended the gains on 2nd consecutive day as well, but unable to breach Tuesday’s high shy of 1.5700 marks. The optimistic CPI data raise the BoE rate hike, encouraged the pound bulls to […]

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