Monthly Archives: February 2012

Silver: Tad higher in the Asian session

Silver prices declined 0.31% to USD 34.26per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.27, 0.01% higher from yesterday’s close. Silver is expected to find support at 33.96, and a … Continue reading

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Gold: Gold gives up yesterday’s gains

Gold prices traded higher 0.92% against the USD in the 24 hour period ending 23:00GMT, at 1776.08per ounce. A leading broker has issued a bullish note for the precious metal and sees a “value opportunity” in gold. In the Asian … Continue reading

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AUD/USD: Political uncertainty weighed on Australian Dollar, trading higher this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0629, after Australian Prime Minister, Julia Gillard called a leadership ballot following the resignation of Foreign Minister Kevin Rudd. In the Asian session, at … Continue reading

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USD/CAD: Canadian dollar fell on risk aversion, marginally higher this morning

For the 24 hours to 23:00 GMT, USD rose 0.24% against the CAD to close at 0.9997, as less-than-expected improvement in manufacturing activity in Europe and China and uncertainty over Greece’s ability to execute strict austerity measures weighed on demand … Continue reading

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USD/CHF: Swiss Franc adding to yesterday’s gains

For the 24 hours to 23:00 GMT, USD declined 0.25% against the CHF and closed at 0.9103. In the Asian session, at GMT0400, the pair is trading at 0.9093, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading

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USD/JPY: Yen continues to decline against greenback

For the 24 hours to 23:00 GMT, USD strengthened 0.72% against the JPY and closed at 80.32. In Japan, supermarket sales declined 1.2% (YoY) in January, following a 0.6% fall in December. In the Asian session, at GMT0400, the pair … Continue reading

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GBP/USD: Pound slips after BoE minutes show 2 votes for greater stimulus

For the 24 hours to 23:00 GMT, GBP fell 0.71% against the USD and closed at 1.5666, after minutes from the Bank of England’s Monetary Policy Committee revealed that members Adam Posen and David Miles pushed for a £75 billion … Continue reading

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EUR/USD: Euro trading higher in the Asian session

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.3248. Gains were limited as concerns over the outlook for the European economy weighed on investor sentiment following weak manufacturing activity data from the … Continue reading

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Trading signals for Wednesday 22-02-2012

Forex, Commodities and Index signals for Wednesday 22-02-2012 11:00 GMT Continue reading

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Crude Oil: Oil advanced on supply concerns, trading lower this morning

Oil prices advanced 1.00% against the USD for the 24 hour period ending 23:00GMT, closing at 105.92, on persistent concerns over Iran oil supplies. Meanwhile, fears grew among oil traders that an escalation of hostilities between Israel and Iran could … Continue reading

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Silver: White metal gives up some gains this morning

Silver prices rose 2.51% to USD 34.37 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.23, 0.42% lower from yesterday’s close. Silver is expected to find support at 33.70, and … Continue reading

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