Search Results for: Trading
Technical Analysis: Commodities – Dec 01
December 1st, 2014
Technical Analysis for December 01, 2014 XAU/USD moves lower under 1175 and targeting 1150. A lower attempt under 1130 will target 1100 back but currently market shows a very high risk for reversal as well. A higher movement to ...
Technical Analysis: Currency pairs – Dec 01
December 1st, 2014
Technical Analysis for December 01, 2014 EUR/USD is tried to target 1.25 but eventually retraced lower again. Currently EUR/USD is entering a sideways around 1.24-1.25 and will keep moving in this trading range. A break lower under 1.24 will ...
India: Government plans to cut stake in state lenders to raise $14.4 billion
November 28th, 2014
The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher. The government holds stakes ranging ...
Dollar Advances as OPEC Output Freeze Seen Hurting Euro, Aussie
November 28th, 2014
The dollar strengthened on speculation lower crude prices after OPEC’s decision to keep oil output unchanged will stimulate the U.S. economy while weighing on the euro and currencies of commodity-producing nations. The greenback rose against all but one of ...
Friday November 28: OSB Daily Technical Analysis – Indices
November 28th, 2014
OSB Daily Technical Analysis for November 28, 2014 The S&P 500 was closed on the Thursday due to Thanksgiving. Friday trading is half day. The Dow Jones was closed on the Thursday due to Thanksgiving. Friday trading is half ...
Friday November 28: OSB Daily Technical Analysis – Commodities
November 28th, 2014
OSB Daily Technical Analysis for November 28, 2014 Light trading session on the day with Gold closing slightly lower on the day breaking below the $1190 handle on the day. Gold looks ready to go lower and is likely ...
Friday November 28: OSB Daily Technical Analysis – Currency pairs
November 28th, 2014
OSB Daily Technical Analysis for November 28, 2014 Strong resistance in the 1.2520 area pushed EURUSD lower on the day. Limited upside potential for the pair which is rather berish on all time frames. Range bound action with a ...
Goldman, BASF, HSBC accused of metals price fixing: U.S. lawsuit
November 28th, 2014
Goldman Sachs Group Inc (GS.N), Germany’s BASF(BASFn.DE) and two other big platinum and palladium dealers have been sued in the United States in what the plaintiff’s law firm called the first nationwide class action over alleged price-fixing of the metals. In a ...
Oil prices crash below $70
November 28th, 2014
Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell by roughly 7% to just below $69 — a level ...
Technical Analysis: Indices – Nov 28
November 28th, 2014
Technical Analysis for November 28, 2014 SPX tried to break 2080 level but stopped at 2077 level. Next target for the higher movement will be 2100 but a lower leg to 2040 will send SPX back into the 2030-2050 ...
