Monthly Archives: April 2012

Silver: White metal trading lower this morning

  Silver prices rose 0.38% to USD 31.49 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.45, 0.12% lower from yesterday’s close. Silver is expected to find support at 31.20, … Continue reading

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Gold: Gold continues its southward journey

  Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1651.25 per ounce. In the Asian session, at GMT0300, Gold is trading at 1650.16, 0.07% lower from yesterday’s close. Gold is expected … Continue reading

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AUD/USD: Aussie pressurized, amid RBA policy meeting minutes

  For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0360. In the Asian session, at GMT0300, the pair is trading at 1.0336, with the AUD trading 0.23% lower from yesterday’s close, after … Continue reading

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USD/CAD: Canadian Dollar trading at parity this morning

  For the 24 hours to 23:00 GMT, USD rose marginally against the CAD to close at 0.9997. In the Asian session, at GMT0300, the pair is trading at 1.0000, with the USD trading 0.03% higher from yesterday’s close. The … Continue reading

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USD/CHF: Swiss Franc rose on broad dollar weakness

  For the 24 hours to 23:00 GMT, USD declined 0.55% against the CHF and closed at 0.9151. In Switzerland, producer and import prices rose 0.3% (MoM) in March, compared to a 0.8% rise in February. Market had expected 0.5% … Continue reading

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USD/JPY: Awaiting data releases in Japan

  For the 24 hours to 23:00 GMT, USD weakened 0.65% against the JPY and closed at 80.37. Aiding the gains in the Yen, Japanese department store sales data for March, released this morning, indicated a significant rebound. The Bank … Continue reading

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GBP/USD: Pound backpedals this morning after yesterday’s gains

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.5903. In the Asian session, at GMT0300, the pair is trading at 1.5887, with the GBP trading 0.10% lower from yesterday’s close. The … Continue reading

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EUR/USD: Euro rally cools off, trading lower in Asian session

  For the 24 hours to 23:00 GMT, EUR rose 0.47% against the USD and closed at 1.3134, as better-than-expected US retail sales data, improved investors’ risk sentiment. In the US, the retail sales rose 0.8% (MoM) in March, compared … Continue reading

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Trading signals for Monday 16-04-2012

Forex, Commodities and Index signals for Monday 16-04-2012 11:00 GMT Continue reading

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Again rating fears

Risk appetite suffered overnight after the Wall Street Journal reminded investors that Moody’s has the ratings of 114 European banks on review for a possible downgrade. We note that this review was announced in mid-February and that the article contained little new information. Elsewhere, China’s weekend decision to widen the USDCNY trading band from ?0.5% to ?1%, effective today, had very little effect on G10 currencies. Continue reading

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Crude Oil: Crude Oil falls on Chinese GDP data, Euro-zone worries

  Oil prices declined 0.87% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 102.85, as slowdown in Chinese economic growth raised concerns about oil demand. Additionally, a stronger US Dollar and a jump in … Continue reading

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