Daily Archives: May 22, 2012

Trading signals for Tuesday 22-05-2012

Forex, Commodities and Index signals for Tuesday 22-05-2012 11:00 GMT Continue reading

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Crude Oil: Oil trading lower ahead of inventor reports

Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 92.93, after Iran stated that it would not abandon its nuclear program and ahead of Wednesday’s discussions between Iranian officials and six world powers … Continue reading

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Silver: Silver futures prices down on sluggish spot demand

Silver prices declined 0.50% to USD 28.57 per ounce during the 24 hours ending 23:00GMT, on reduced off-take by traders amid a weak trend in overseas markets. In the Asian session, at GMT0300, Silver is trading at 28.45, 0.41% lower … Continue reading

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Gold: Gold under pressure in Asia, stronger US Dollar continues to weigh

Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1594.20 per ounce, amid a weaker dollar. In the Asian session, at GMT0300, Gold is trading at 1591.30, 0.18% lower from yesterday’s close. … Continue reading

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AUD/USD: Aussie gives up some gains in the Asian session

For the 24 hours to 23:00 GMT, AUD strengthened 1.09% against the USD to close at 0.9912. LME Copper prices rose 0.1% or $4.8/MT to $ 7800.0/ MT. Aluminium prices declined 0.6% or $12.5/MT to $ 2003.8/ MT. In the … Continue reading

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USD/CAD: Canadian Dollar gaining strength in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.51% against the CAD to close at 1.0175. The Atlanta Federal Reserve Bank President, Dennis Lockhart stated that “sustained monetary accommodation” is appropriate in order to keep the US economic recovery … Continue reading

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USD/CHF: Swiss Franc rose on Switzerland consumer confidence data, trading lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9376. The Swiss Franc rose after consumer confidence in Switzerland rose more-than-expected to -8.0 in the three months to April, following a reading of … Continue reading

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USD/JPY: Yen extends losses on increasing speculation of BoJ easing

For the 24 hours to 23:00 GMT, USD strengthened 0.28% against the JPY and closed at 79.34. The Yen weakened amid speculation that Bank of Japan (BoJ) would add to stimulus measures this week to support growth and weaken the … Continue reading

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GBP/USD: Pound loses steam this morning after rising yesterday

For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5826, after a member of the Bank of England’s regulatory body, Michael Cohrs, stated that UK banks are strong enough to withstand a Greek … Continue reading

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EUR/USD: Euro trading lower ahead of consumer confidence data in the Euro-zone

For the 24 hours to 23:00 GMT, EUR rose 0.48% against the USD and closed at 1.2811, amid hopes that Greece would remain in the Euro-zone after world leaders continued to voice support to keep Greece in the Euro-zone. Euro … Continue reading

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