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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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- USD/CAD: Loonie trading on a stronger footing this morning
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Monthly Archives: May 2012
Gold: Gold rose on bargain hunting; trading lower this morning
Gold prices traded higher by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1595.10 per ounce, amid bargain hunting. In the Asian session, at GMT0300, Gold is trading at 1587.66, 0.47% lower from yesterday’s close. Gold … Continue reading
Posted in Gold
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USD/CAD: Loonie trading lower ahead of Canadian unemployment report
For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0031. Canadian Dollar fell, as risk sentiment continued to fade amid speculation that Europe’s debt crisis would worsen as Greece struggled to form a … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie cementing gains this morning
For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0056. In the Asian session, at GMT0300, the pair is trading at 1.0068, with the AUD trading 0.12% higher from yesterday’s close. This morning, … Continue reading
Posted in AUD/USD
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USD/CHF: USD holds on to yesterday’s gains against Swiss Franc
For the 24 hours to 23:00 GMT, USD rose 0.04% against the CHF and closed at 0.9289. In the Asian session, at GMT0300, the pair is trading at 0.9292, with the USD trading 0.03% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading flat in the Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.24% against the JPY and closed at 79.86. In economic news, current conditions index dropped to a reading of 50.9, from 51.8 in March. However, the outlook index rose to a … Continue reading
Posted in USD/JPY
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GBP/USD: GBP trading lower after UK consumer confidence tumbles in April
For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6133. Yesterday, Bank of England (BoE) policymaker left the asset purchase target unchanged at £325 billion in line with market expectations and kept the … Continue reading
Posted in GBP/USD
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EUR/USD: Greek concern continues to weigh on Euro; German inflation data awaited
For the 24 hours to 23:00 GMT, EUR declined 0.05% against the USD and closed at 1.2932, after the European Central Bank in its monthly report, indicated that the Euro-zone economy would shrink 0.2% in 2012. Additionally, it trimmed the … Continue reading
Posted in EUR/USD
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Trading signals for Thursday 10-05-2012
Forex, Commodities and Index signals for Thursday 10-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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USD/CHF: Witnessing flat trading this morning
For the 24 hours to 23:00 GMT, USD rose 0.43% against the CHF and closed at 0.9285, amid comments from Fed officials which indicated no need for new easing. Federal Reserve Bank (Fed) of Minneapolis, President Narayana Kocherlakota stated that … Continue reading
Posted in USD/CHF
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USD/JPY: Yen drifting lower in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.25% against the JPY and closed at 79.67. In economic news, leading index in Japan rose to a reading of 96.6 in March, from 96.0 in February. Additionally, the coincident index … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound trading lower ahead of BoE policy decision
For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6134. UK Prime Minister, David Cameron insisted that the nation must adhere to its tough austerity measures in order to sail through the recessionary … Continue reading
Posted in GBP/USD
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