Forex, Commodities and Index signals for Friday 10-02-2012 11:00 GMT Continue reading
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EU demands stronger cuts to Greece
The Eurogroup was not impressed with the inter-party agreement from Athens and late after the Eurogroup meeting yesterday Greek PM Venizelos was sent back to Athens with demands for deeper cuts. It appears that the EU finance ministers are not prepared to sign off the deal until they get a stronger sense that Greece will actually push through with its pledges. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil rallied on US labor report; OPEC cuts demand growth forecast for 2012
Oil prices advanced 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 99.73, as freezing temperature in Europe, supply concerns from Middle East and rising violence in Syria provided support to oil prices, shrugging off a … Continue reading
Posted in Crude Oil
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Silver: White metal continues to lose steam in the Asian session
Silver prices declined 0.07% to USD 33.93 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.87, 0.17% lower from yesterday’s close. Silver is expected to find support at 33.56, and … Continue reading
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Gold: Trading flat this morning
Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1731.06 per ounce, amid profit booking. In the Asian session, at GMT0400, Gold is trading at 1731.02, flat from yesterday’s close. Gold is expected … Continue reading
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AUD/USD: Aussie trading lower as RBA lowers growth forecasts
For the 24 hours to 23:00 GMT, AUD strengthened 0.05% against the USD to close at 1.0779. In the Asian session, at GMT0400, the pair is trading at 1.0728, with the AUD trading 0.48% lower from yesterday’s close, after Reserve … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar edged up on higher risk appetite, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.19% against the CAD to close at 0.9951, as risk appetite increased among investors after the reports that Greece has agreed on austerity measures for a new bailout worth €130 billion … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower ahead of consumer price data in Switzerland
For the 24 hours to 23:00 GMT, USD declined 0.34% against the CHF and closed at 0.9118. Swiss Franc advanced after the Consumer Confidence Index in Switzerland rose to level of -19.0 in January, compared to a level of -24.0 … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading higher this morning after yesterday’s fall
For the 24 hours to 23:00 GMT, USD strengthened 0.76% against the JPY and closed at 77.65 after the US Department of Labor reported that the number of individuals filing for initial jobless benefits in the week ended 4 February … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trims gains against US dollar
For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5815, after the Bank of England’s decided to lift its bond-purchase program by £50 billion to £325 billion, and left interest rates unchanged at … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advances as Greek leaders agree on austerity, trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3286, after Greek Prime Minister, Lucas Papademos stated that an agreement on austerity measures required to secure a second bailout had been secured. Separately, … Continue reading
Posted in EUR/USD
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