Monthly Archives: February 2012

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

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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

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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

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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

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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

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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

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Trading signals for Thursday 09-02-2012

Forex, Commodities and Index signals for Thursday 09-02-2012 11:00 GMT Continue reading

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The Greek negotiations moving into the final stages

The Greek negotiations appear to be moving into the final stages as Eurogroup chairman Jean-Claude Juncker announced that a press conference is scheduled for 18.00CET on Thursday, after the Eurogroup meets. The Greek Finance Minister is due to travel to Brussels today to agree on terms, but he admitted that there are still outstanding issues ahead of today’s discussions. Continue reading

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Crude Oil: Crude oil loses steam in the Asian session

Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.85. Yesterday, the Energy Information Administration reported that in the week ended February 3, crude oil inventories climbed 300,000 barrels. Gasoline stocks rose 1.60 … Continue reading

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Silver: Trading between its MA’s

Silver prices declined 0.53% to USD 33.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.95, flat from yesterday’s close. Silver is expected to find support at 33.57, and a … Continue reading

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Gold: Yellow metal steady on China inflation

Gold prices traded lower by 0.74% against the USD in the 24 hour period ending 23:00GMT, at 1731.81 per ounce, as improved risk sentiment across the globe weighed on the safe-haven demand for the yellow metal, prompting investors to book … Continue reading

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