Forex, Commodities and Index signals for Wednesday 16-05-2012 11:00 GMT Continue reading
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Crude Oil: Oil held back by rise in US oil stockpiles, Euro-zone concerns
Oil prices declined 0.81% against the USD for the 24 hour period ending 23:00GMT, closing at 93.40, as more-than-expected rise in the US crude oil inventories and concerns over Greece’s exit from the Euro-zone weighed on the outlook for demand … Continue reading
Posted in Crude Oil
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Silver: Silver continues its downfall in the Asian session
Silver prices declined 1.82% to USD 27.73 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.5, 0.84% lower from yesterday’s close. Silver is expected to find support at 27.16, and … Continue reading
Posted in Silver
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Gold: Gold down on firm greenback, demand concerns
Gold prices traded lower by 0.96% against the USD in the 24 hour period ending 23:00GMT, at 1544.42 per ounce, amid stronger greenback and easing demand on off season from Asian markets. In the Asian session, at GMT0300, Gold is … Continue reading
Posted in Gold
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AUD/USD: Increased risk aversion weighs on the Aussie Dollar
For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 0.9936, as Greece’s failure to form a new government raised speculation that it may leave the Euro-zone, reducing demand for riskier assets. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Losses in the Canadian Dollar continues in morning session
For the 24 hours to 23:00 GMT, USD rose 0.41% against the CAD to close at 1.0068, as risk aversion rose among investors following political turmoil in Greece. Initially, the Canadian Dollar rose after existing home sales in Canada rose … Continue reading
Posted in USD/CAD
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USD/JPY: Yen trading lower after Japan machine orders declined in March; Japan GDP data awaited
For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 80.23. On the economic front, consumer confidence index, in Japan, dropped slightly to a reading of 40.0 in April, from a reading of 40.3 … Continue reading
Posted in USD/JPY
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USD/CHF: US dollar continues its rising trend
For the 24 hours to 23:00 GMT, USD rose 0.73% against the CHF and closed at 0.9431. In the US, advance retail sales rose 0.1% in April, compared to a 0.7% growth in March, making it slowest pace rise of … Continue reading
Posted in USD/CHF
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GBP/USD: Continues to lose steam in the Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.67% against the USD and closed at 1.5993, after goods trade deficit in the UK narrowed to £8.56 billion in March, from £8.59 billion in February. Economists had expected the goods … Continue reading
Posted in GBP/USD
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EUR/USD: Concerns over Grexit continues to weigh on the Euro
For the 24 hours to 23:00 GMT, EUR declined 0.72% against the USD and closed at 1.2737, after Greece called for a new election as political leaders in the nation failed to form a ruling coalition, raising probability of Greece … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 15-05-2012
Forex, Commodities and Index signals for Tuesday 15-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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