Daily Archives: February 14, 2012

Trading signals for Tuesday 14-02-2012

Forex, Commodities and Index signals for Tuesday 14-02-2012 11:00 GMT Continue reading

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Moody’s downgraded six Eurozone sovereigns

Moody’s downgraded six Eurozone sovereigns overnight: Italy, Spain, Portugal, Malta, Slovakia, and Slovenia. The Aaa ratings of France, Austria, and the UK were affirmed but the outlook on each of these ratings was lowered to negative from stable. Cable dropped 60 pips over the course of the Asia session on the back of this news. Continue reading

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Crude Oil: Continues to trade above $100 per barrel amid tension between Israel and Iran

Oil prices advanced 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 100.54, on concerns over oil supplies amid tensions in the Middle East. Investors await the oil inventory reports later today and tomorrow to offer … Continue reading

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Silver: Trading lower this morning

Silver prices declined 0.49% to USD 33.63per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.57, 0.15% lower from yesterday’s close. Silver is expected to find support at 33.34, and a … Continue reading

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Gold: Gold extends decline in the Asian session

Gold prices traded marginally lower by against the USD in the 24 hour period ending 23:00GMT, at 1720.70per ounce, as the greenback strengthened after Moody’s Investors Service downgraded the ratings for six European nations. In the Asian session, at GMT0400, … Continue reading

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AUD/USD: Trading lower this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.04% against the USD to close at 1.0718. In the Asian session, at GMT0400, the pair is trading at 1.0688, with the AUD trading 0.28% lower from yesterday’s close. Data released … Continue reading

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USD/CAD: Canadian dollar continues to lose steam in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.09% against the CAD to close at 1.0007. In the Asian session, at GMT0400, the pair is trading at 1.0013, with the USD trading 0.05% higher from yesterday’s close. The pair … Continue reading

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USD/CHF: Swiss Franc trading steady this morning

For the 24 hours to 23:00 GMT, USD rose 0.63% against the CHF and closed at 0.9179. In economic news, producer and import price index in Switzerland fell 2.4% (YoY), compared to the market expectation of a 2.2% fall. In … Continue reading

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USD/JPY: Yen trading lower after BoJ expands asset purchases by ¥10 trillion; kept interest rate target unchanged

For the 24 hours to 23:00 GMT, USD weakened 0.22% against the JPY and closed at 77.45. In economic news, the Gross domestic Product (GDP) fell 2.3% (YoY) in fourth quarter of 2011, compared to an upwardly revised 1.7% expansion … Continue reading

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GBP/USD: British Pound slips on Moody’s warnings

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.5740, after credit ratings agency, Moody’s put the UK on negative outlook. In the Asian session, at GMT0400, the pair is trading at 1.5715, … Continue reading

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EUR/USD: Euro down on Greece uncertainty; Moody’s ratings cut

For the 24 hours to 23:00 GMT, EUR declined 0.70% against the USD and closed at 1.3167, amid concerns that the obstacles are still in the way for Greece to secure a second bailout from its creditors. Even though Greek … Continue reading

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