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Jul 5, 12 •
6121 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold and Silver Wait on Central Banks
This morning base metals are trading down by 0.03 to 0.71 percent at LME electronic platform while the Asian equities are also trading on a weaker note. Riskier assets including base metals are mostly down on caution ahead of a meeting later in the session by...
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Jul 5, 12 •
5028 Views •
Market Commentaries •
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Comments Off on Sterling and Central Bank Decisions
Yesterday, on US Independence Day with US markets closed the, EUR/GBP trading developed in thin market conditions. The price action was mostly driven by technical considerations. The final services PMI in the EMU was less negative than expected. The UK...
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Jul 4, 12 •
5890 Views •
Forex Trading Articles •
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Comments Off on The EUR/GBP prepares for the Battle of the Central Banks
Yesterday, trading in the EUR/GBP cross rate was confined to a tight sideways trading range around the 0.8020 pivot. Monday’s correction of the euro had halted, but there was no appetite/news to send the single currency higher. The UK data neither provided...
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Jun 7, 12 •
2755 Views •
Market Commentaries •
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Comments Off on Central Banks and Crude Oil
Chinese equities gained the most in a week after the government signaled it will delay tightening bank capital rules and investors speculated monetary policy would be eased to prevent Europe’s debt crisis from harming the economy. Further China’s biggest...