Daily Commentary

May 29, 2014 AUDUSD- A big leap on the upside from Aussie-dollar on the back of some positive economic, jumping fron 0.919 to 0.931 pretty swiftly. The data being HIA home sales coming out at a higher than previous 2.9% from 0.2%. Surprisingly some bad data concerning private new capital expenditure showing a poor result coming out at… View Article

Equity market closing prices

May 28, 2014 Closing changes for the main European bourses: German DAX -0.1% UK FTSE flat +0.1% French CAC -0.1% Spain IBEX +0.25% Italy MIB +0.85%

Daily Commentary

May 28, 2014 Good Morning all! EUR/USD- We continue to see a drop of the pair from yesterday, today has brought with it some negative French consumer spending data down from 0.6% to 0.3%. We also saw bad German data, with the unemployment change at 24k from a previous -25k, a big change. With no levels between the… View Article

Daily Commentary

May 27, 2014 Good morning, We have seen gold take quite a fall in recent hours, this is due to strong YEN data coming out yesterday which may have caused some of the drop, and the fall was boosted by higher than expected Swiss data for the unemployment level coming out in at 4.192m. With more important US… View Article

The gold has break through the range

May 27, 2014 The gold has break through the range downwards in ascending triangle. Strong Japanese CSPI (Corporate Services Price Index) and better than expected Swiss trade balance (increased exports) data helped to decline the precious metal further down. Currently it is holding the previous low level of 1283.22. As you can see in a picture below, the… View Article