Monthly Archives: December 2011

USD/CHF: Swiss Franc continues its downward journey

For the 24 hours to 23:00 GMT, USD rose 0.52% against the CHF, on Friday, and closed at 0.9205. In Switzerland, the annual real retail sales remained unchanged in October, following a 1.4% fall in September. In the Asian session, … Continue reading

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Crude Oil: Crude rises as Iran tension stoke supply concern

Oil prices advanced 0.99% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.07, after a report showed a sharp decline in the US unemployment rate, raising optimism over the country’s economic recovery. Deepening tensions … Continue reading

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USD/JPY: Yen fell amid intervention concerns, trading flat this morning

For the 24 hours to 23:00 GMT, USD strengthened 0.30% against the JPY, on Friday, and closed at 77.99. The Japanese Yen traded lower, amid concerns that the Japanese Government would intervene in the currency markets, to stem the rise … Continue reading

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GBP/USD: Pound declined amid fall in the UK construction PMI, trading flat this morning

For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD, on Friday, and closed at 1.5599, following reports showing a decline in the UK construction PMI. British Pound also came under pressure, after the Bank of England’s … Continue reading

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Silver: Trading below its MA’s

Silver prices declined 0.81% to USD 32.57 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.73, 0.49% higher from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Trading marginally higher this morning

Gold prices traded flat against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,745.43 per ounce. In the Asian session, at GMT0400, Gold is trading at 1746.05, 0.04% higher from Friday’s close. Gold is expected to … Continue reading

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EUR/USD: Euro ticks-up this morning, amid optimism over Europe

For the 24 hours to 23:00 GMT, EUR declined 0.44% against the USD, on Friday, and closed at 1.3401. German Chancellor, Angela Merkel, on Friday, stated that European nations are moving toward a “fiscal union” with more stringent budgetary oversight … Continue reading

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Trading signals for Friday 02-12-2011

Forex, Commodities and Index signals for Friday 02-12-2011 11:00 GMT Continue reading

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More aggressive action from the ECB not to be excluded

In Asian hours risk sentiment has been stable in the absence of any major news. Most Asian stock market indices are trading broadly flat with the Hang Seng down by 0.2%. EURUSD traded 1.3448-1.3489 and USDJPY traded 77.73-77-78. Continue reading

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Crude Oil: Crude Oil slipped on global economic concerns, trading tad above $100 per barrel

Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 100.08, as signs of further economic slowdown in Europe outweighed better-than-expected US manufacturing data. In the Asian session, at GMT0400, Crude Oil is trading … Continue reading

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Silver: Trading between its MA’s

Silver prices rose 0.05% to USD 32.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.75, 0.24% lower from yesterday’s close. Silver is expected to find support at 32.34, and … Continue reading

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