Monthly Archives: May 2012

AUD/USD: Aussie continues to add to yesterday’s losses

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 0.9765. LME Copper prices rose 0.4% or $29.8/MT to $ 7660.0/ MT. Aluminium prices declined 0.4% or $7.3/MT to $ 1968.5/ MT. In the … Continue reading

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USD/CAD: Loonie fell on rising risk aversion

For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0268, as risk aversion increased among investors after weak economic data from the Euro-zone and following concern that economic growth is slowing in the … Continue reading

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USD/CHF: Swiss Franc fell on disappointing Swiss trade data, SNB intervention speculation

For the 24 hours to 23:00 GMT, USD rose 0.52% against the CHF and closed at 0.9586. The Swiss Franc declined after the trade surplus in Switzerland narrowed to CHF1.33 billion in April, following a revised surplus of CHF1.58 billion … Continue reading

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USD/JPY: Yen trading lower in the Asian session, Japan CPI rose in April

For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 79.56. The Bank of Japan (BoJ), in its monthly economic report, kept its overall assessment of the Japans’ economy unchanged in May but cited … Continue reading

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GBP/USD: GBP lower as UK economy contracted more-than-expected in Q1‎

For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5663, after the UK economy shrank more-than-initially estimated during the first quarter of 2012. In the UK, Gross Domestic Product (GDP) fell 0.3% (QoQ) … Continue reading

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EUR/USD: Euro loses more ground amid Euro-zone uncertainty

For the 24 hours to 23:00 GMT, EUR declined 0.46% against the USD and closed at 1.2536, after dismal Euro- zone economic data sparked fresh concerns over the impact of the crisis on the region’s troubled economy and amid continued … Continue reading

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Trading signals for Thursday 24-05-2012

Forex, Commodities and Index signals for Thursday 24-05-2012 11:00 GMT Continue reading

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Crude Oil: Weak Chinese PMI weighs on oil prices this morning

Oil prices declined 1.25% against the USD for the 24 hour period ending 23:00GMT, closing at 90.54, as increasing speculation that Greece may exit Euro-bloc raised expectations for weaker oil demand, while hopes of a deal between Iran and the … Continue reading

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Silver: Silver cementing gains in the Asian session

Silver prices declined 1.29% to USD 27.82 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 0.19% higher from yesterday’s close. Silver is expected to find support at 27.35, and … Continue reading

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Gold: Gold fell on continuing Greece concerns

Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1562.15 per ounce, as fears that Greece is closer to abandoning the Euro-bloc led investors to shift preference to the US Dollar. In … Continue reading

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AUD/USD: Aussie lower after Chinese PMI disappoints

For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9767, as pessimism over the outcome of a summit of European leaders weighed on the investor sentiment. LME Copper prices declined 1.8% or $142.3/MT … Continue reading

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