Monthly Archives: February 2012

Crude Oil: Oil trading higher this morning on supply concern from Iran, China easing

On Friday, Oil prices advanced 1.21% against the USD for the 24 hour period ending 23:00GMT, closing at 103.53, supported by lingering geopolitical concerns and rising optimism over the resolution of the Greek debt. On Friday, in its monthly report, … Continue reading

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AUD/USD: AUD trading higher on China’s easing measure

On Friday, for the 24 hours to 23:00 GMT, AUD weakened 0.35% against the USD to close at 1.0714. In the Asian session, at GMT0400, the pair is trading at 1.0781, with the AUD trading 0.62% higher from Friday’s close, … Continue reading

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USD/CAD: Canada January inflation up; Pair trading lower this morning

On Friday, for the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 0.9959. Data released in Canada showed that the CPI climbed rose 2.5% (YoY) in January, following a 2.3% rise in December. Additionally, … Continue reading

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USD/CHF: Swiss Franc trading higher in the Asian session

For the 24 hours to 23:00 GMT, USD declined marginally against the CHF on Friday and closed at 0.9190. There were no major economic releases in Switzerland on Friday. Meanwhile, in the US, the Consumer Price Index rose 0.2% (MoM) … Continue reading

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USD/JPY: Yen down as Japan trade deficit widens to a record

For the 24 hours to 23:00 GMT, USD strengthened 0.85% against the JPY on Friday and closed at 79.54. The Japanese Yen came under pressure after Bank of Japan Governor, Masaaki Shirakawa stated that the central bank would keep monetary … Continue reading

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GBP/USD: Pound rose on strong UK retail sales data

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.23% against the USD and closed at 1.5838, after retail sales in the UK unexpectedly rose 0.9% (MoM) in January, at the fastest pace since April 2011, and from … Continue reading

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EUR/USD: Euro higher on China Easing, Greece Prospect

For the 24 hours to 23:00 GMT, EUR rose 0.13% against the USD on Friday and closed at 1.3147, on optimism that Greece’s European partners would agree to a deal on a second bailout. On the economic front, on a … Continue reading

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Trading signals for Friday 17-02-2012

Forex, Commodities and Index signals for Friday 17-02-2012 11:00 GMT Continue reading

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Crude Oil: Trading above $102 per barrel

Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at102.29, on concern that the dispute with Iran over its nuclear program may lead to a disruption in oil exports from the Persian Gulf region. … Continue reading

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Silver: White metal continues its rising trend

Silver prices rose 0.05% to USD 33.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.50, 0.13% higher from yesterday’s close. Silver is expected to find support at 32.90, and … Continue reading

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Gold: Demand for yellow metal to see positive growth in 2012: World Gold Council‎

Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1728.19 per ounce, after World Gold Council stated that demand for gold would see positive growth in 2012. In the Asian session, at GMT0400, … Continue reading

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