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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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Monthly Archives: February 2012
GBP/USD: Sterling is trading lower in the Asian session, after Friday’s rise
On Friday, for the 24 hours to 23:00 GMT, GBP rose 0.88% against the USD and closed at 1.5886. Data released in the UK showed that on a sequential basis, the Gross Domestic Product (GDP) fell 0.2% in the fourth-quarter … Continue reading
Posted in GBP/USD
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EUR/USD: Euro up on LTRO optimism
For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD on Friday, and closed at 1.3458, ahead of the ECB’s second three-year long-term refinancing operation (LTRO) scheduled for February 29, in which it would lend up to … Continue reading
Posted in EUR/USD
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Silver: Silver continues its upward journey
On Friday, Silver prices rose 0.23% to USD 35.41per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 35.55, 0.39% higher from Friday’s close. Silver is expected to find support at 35.26, … Continue reading
Posted in Silver
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Gold: Yellow metal fell amid profit booking; trading higher this morning
Gold prices traded lower by 0.30% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1773.65 per ounce, after investors booked profit. In the Asian session, at GMT0400, Gold is trading at 1775.94, 0.13% higher from … Continue reading
Posted in Gold
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AUD/USD: PM Julia Gillard maintains power; Aussie trading tad lower
For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD on Friday and close at 1.0699, amid concern that Greece would face difficulties in resolving its debt crisis, damping demand for higher-yielding assets. In the Asian session, … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar extended its losses this morning
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.24% against the CAD to close at 0.9996. In the Asian session, at GMT0400, the pair is trading at 1.0004, with the USD trading 0.08% higher from Friday’s close. … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback cementing gains against Swiss Franc in the Asian session
For the 24 hours to 23:00 GMT, USD declined 0.67% against the CHF on Friday and closed at 0.8953. In the Asian session, at GMT0400, the pair is trading at 0.8957, with the USD trading 0.04% higher from Friday’s close. … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to drift lower in the Asian session
For the 24 hours to 23:00 GMT, USD strengthened 1.25% against the JPY on Friday and closed at 81.00. In the US, the Thomson Reuters/University of Michigan index of consumer sentiment was upwardly revised to a reading of 75.3 in … Continue reading
Posted in USD/JPY
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Trading signals for Friday 24-02-2012
Forex, Commodities and Index signals for Friday 24-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Australian dollar fell towards the end of the Asia session
The Australian dollar fell towards the end of the Asia session after Fitch downgraded the ratings of three Australian banks. Earlier, AUD got a modest boost from parliamentary testimony by RBA Governor Stevens who painted a relatively upbeat picture of the economic outlook. Crucially, he stuck to previous guidance and did not suggest the RBA is poised to cut the cash rate. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil rose amid smaller-than-expected rise in the US crude inventories, trading lower this morning
Oil prices advanced 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 108.54, on speculation that demand for oil might rise following strong economic data from the US and Germany. Concerns that Iran’s output may be … Continue reading
Posted in Crude Oil
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