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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Monthly Archives: February 2012
Gold: Yellow metal trading higher on weaker dollar
Gold prices traded lower by 0.57% against the USD in the 24 hour period ending 23:00GMT on Friday, at 1721.18 per ounce. In the Asian session, at GMT0400, Gold is trading at 1727.9, 0.39% higher from Friday’s close, as the … Continue reading
Posted in Gold
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USD/CAD: Loonie higher on higher risk appetite
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.73% against the CAD to close at 1.0024. In economic news, the trade surplus in Canada widened to C$2.7 billion in December, compared to a surplus of C$1.2 billion … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher after Friday’s fall
For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9177 on Friday. Meanwhile, data released on Friday showed that, on an annual basis, consumer prices in Switzerland dropped 0.8% in January, the most … Continue reading
Posted in USD/CHF
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USD/JPY: Japan’s GDP contracts 2.3% in Q4
On Friday, for the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 77.64. Japanese Finance Minister, Jun Azumi stated that Japan would intervene in the foreign exchange market, if necessary, while keeping a close … Continue reading
Posted in USD/JPY
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GBP/USD: Sterling trading higher after CBI says UK to avoid double-dip recession
For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD on Friday and closed at 1.5737. Data released in the UK showed that the producer price inflation in the UK eased to 4.1% (YoY) in January, marking … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher on Greece Austerity Vote
For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD on Friday and closed at 1.3172, amid weak economic data from France and as Euro-zone Finance Ministers delayed approval of a crucial bailout package for Greece. The … Continue reading
Posted in EUR/USD
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Trading signals for Friday 10-02-2012
Forex, Commodities and Index signals for Friday 10-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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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
Posted in Silver
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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
Posted in Gold
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