Daily Archives: May 21, 2012

Trading signals for Monday 21-05-2012

Forex, Commodities and Index signals for Monday 21-05-2012 11:00 GMT Continue reading

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Crude Oil: Crude trading higher on Chinese Premier and Iranian nuclear energy comments

On Friday, Oil prices declined 1.72% against the USD for the 24 hour period ending 23:00GMT, closing at 91.07, amid demand concern. The American Petroleum Institute (API), in its monthly report, stated that total US oil demand through the first … Continue reading

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Silver: Silver extended its gains in the Asian session

On Friday, Silver prices rose 2.02% to USD 28.64 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.68, 0.13% higher from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Gold higher amid bargain hunting

On Friday Gold prices traded higher by 1.06% against the USD in the 24 hour period ending 23:00GMT, at 1591.12, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1596.66, 0.35% higher from Friday’s close. Gold … Continue reading

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AUD/USD: Aussie gaining strength this morning after Friday’s sharp fall

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.72% against the USD to close at 0.9819. On Friday, the Australian Prime Minister, Julia Gillard, affirmed that the nation has come out of the global financial crisis strongly, … Continue reading

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USD/CAD: Pair trading above its MA’s

For the 24 hours to 23:00 GMT on Friday, USD rose 0.15% against the CAD to close at 1.0206. In Canada, consumer prices rose 2.0% (YoY) in April, compared to a rise of 1.9% in March. In the Asian session, … Continue reading

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USD/CHF: Swiss Franc trading higher ahead of SECO consumer confidence data

For the 24 hours to 23:00 GMT on Friday, USD declined 0.68% against the CHF and closed at 0.9397. In the Asian session, at GMT0300, the pair is trading at 0.9388, with the USD trading 0.09% lower from Friday’s close. … Continue reading

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USD/JPY: Yen drifting lower this morning amid BoJ easing speculation

For the 24 hours to 23:00 GMT on Friday, USD weakened 0.45% against the JPY and closed at 79.03. The Yen advanced, after Japan’s government on Friday raised its economic assessment for the first time in nine months. In Japan, … Continue reading

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GBP/USD: Pound trading higher after house prices in the UK rose in May

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.25% against the USD and closed at 1.5828. Earlier, GBP had come under pressure, after Bank of England policymaker, Adam Posen, stated that he may have been premature in … Continue reading

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EUR/USD: Euro cementing gains this morning after G-8 meeting

For the 24 hours to 23:00 GMT on Friday, EUR rose 0.68% against the USD and closed at 1.2782, after an opinion poll in Greece on Friday, indicated that pro-bailout party, New Democracy was leading the polls ahead of fresh … Continue reading

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