Miroslav Marinoff | Trading Pedia

Market Briefing on Monday June 20th

June 20, 2016 2:08 pm

At the start of the US trading session on Monday, EUR/USD was trading close to the mid-point of the daily range (1.1308-1.1383), after the major pair followed GBP/USD and began the current week with a gap up. Short-term resistance is to be encountered within the 1.1375-1.1390 area, while the hourly 20-period Exponential Moving Average (1.1327) […] Read more

Gold trading outlook: futures settle below the $1,300 mark, as Brexit concerns fade

June 20, 2016 9:50 am

On Friday gold for delivery in August traded within the range of $1,280.30-$1,300.10. Futures closed at $1,292.50, edging down 0.28% compared to Thursday’s close. It has been the 44th drop in the past 98 trading days. In weekly terms, the precious metal added 1.50% to its value during the past week. It has been the […] Read more

Forex Market: USD/CAD daily trading outlook

June 20, 2016 8:19 am

Friday’s trade saw USD/CAD within the range of 1.2826-1.2970. The pair closed at 1.2895, losing 0.56% on a daily basis. It has been the 56th drop in the past 119 trading days and also the steepest one since June 7th, when the pair fell 0.64%. In weekly terms, USD/CAD added 0.86% to its value last […] Read more

Forex Market: GBP/USD daily trading outlook

June 20, 2016 7:14 am

Friday’s trade saw GBP/USD within the range of 1.4194-1.4388. The pair closed at 1.4358, surging 1.09% compared to Thursdays close. It has been the 27th gain in the past 61 trading days and also a third consecutive one. The daily high has been the highest level since June 10th, when a high of 1.4474 was […] Read more

Forex Market: GBP/BGN trading outlook for June 20th

June 19, 2016 9:01 am

Friday’s trade saw GBP/BGN within the range of 2.4720-2.4942. The pair closed at 2.4900, rising 0.61% on a daily basis. It has been the 10th gain in the past 22 trading days, a third consecutive one and also the steepest one since June 7th, when the exotic cross rose 0.66%. The daily high has been […] Read more

Forex Market: AUD/USD trading outlook for June 20th

June 18, 2016 4:30 pm

Friday’s trade saw AUD/USD within the range of 0.7371-0.7411. The pair closed at 0.7395, inching up 0.04% on a daily basis. It has been the 12th gain in the past 23 trading days and also the smallest one since June 6th. In weekly terms, AUD/USD added 0.31% to its value during the current week. It […] Read more

How to invest in commodities such as gold and why

June 17, 2016 2:12 pm

For decades it has been a practice among investors to “pour” a certain amount of their wealth in physical commodities such as precious metals, and more specifically gold. The main reason for one to diversify his/her portfolio of investments, by including gold among other assets in possession, is to minimize risk. The concept of risk […] Read more

Gold trading outlook: futures distance from 22-month highs as market players take profits

June 17, 2016 8:45 am

On Thursday gold for delivery in August traded within the range of $1,280.50-$1,316.40. Futures closed at $1,284.50, edging down 0.10% compared to Wednesday’s close. It has been the 44th drop in the past 97 trading days. The daily high has been the highest price level since August 14th 2014, when a high of $1,316.40 was […] Read more

Forex Market: USD/CAD daily trading outlook

June 17, 2016 7:06 am

Yesterday’s trade saw USD/CAD within the range of 1.2895-1.3086. The pair closed at 1.2912, ticking down 0.01% on a daily basis. It has been the 56th drop in the past 118 trading days. The daily high has been the highest level since June 3rd, when a high of 1.3108 was registered. USD/CAD has gone down […] Read more

Forex Market: GBP/USD daily trading outlook

June 17, 2016 6:32 am

Yesterday’s trade saw GBP/USD within the range of 1.4013-1.4294. The pair closed at 1.4293, rising 0.62% compared to Wednesdays close. It has been the 26th gain in the past 60 trading days and also a second consecutive one. The daily low has been the lowest level since April 6th, when a low of 1.4004 was […] Read more