Monthly Archives: May 2012

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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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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