Daily Archives: February 22, 2013

Trading signals for Friday 22-02-2013

Forex, Commodities and Index signals for Friday 22-02-2013 11:00 GMT Continue reading

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EUR/USD: Euro weighed down by disappointing US and European economic data; trading higher this morning

For the 24 hours to 23:00 GMT, EUR fell 0.62% against the USD and closed at 1.3192, as investors fretted over Euro-zone’s economic data. Moreover, a string of weak US economic figures further dented investor sentiment. In the Euro-zone, the … Continue reading

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GBP/USD: BoE should consider fresh easing measures to support growth, indicates David Miles

  For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5261. On the economic front, the Confederation of British Industry (CBI) indicated that its index of industrial order expectations improved to a reading … Continue reading

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USD/JPY: Yen trading lower in the Asian session

  For the 24 hours to 23:00 GMT, the USD weakened 0.57% against the JPY and closed at 93.16. In the Asian session, at GMT0400, the pair is trading at 93.37, with the USD trading 0.23% higher from yesterday’s close. … Continue reading

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USD/CHF: Swiss trade surplus widened in January

  For the 24 hours to 23:00 GMT, the USD rose 0.32% against the CHF and closed at 0.9308. In the Swiss economic news, trade surplus widened to CHF2.13 billion in January, compared to a downwardly revised surplus of CHF0.90 … Continue reading

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USD/CAD: Canadian Core CPI expected at 1.0%

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0178. The Canadian Dollar registered losses, after the Bank of Canada (BoC), in its quarterly review of global economic issues, indicated that … Continue reading

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AUD/USD: RBA Governor’s comments lends helping hand to Aussie

  For the 24 hours to 23:00 GMT, AUD strengthened 0.32% against the USD to close at 1.0293. LME Copper prices declined 2.0% or $162.0/MT to $7847.5/MT. Aluminium prices declined 0.9% or $18.5/MT to $2047.0/MT. In the Asian session, at … Continue reading

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Crude Oil: Oil pressured on surging inventories, weak European economic data; trading higher this morning

  Crude Oil prices declined 1.87% against the USD for the 24 hour period ending 23:00GMT, closing at 93.06, after the EIA reported a larger-than-expected rise in crude stock piles, while the Euro-zone’s economic data disappointed investors. Yesterday, the Energy … Continue reading

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Silver: White metal continues to trade higher in the Asian session

  Silver prices rose 0.20% to the USD28.69 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 28.86, 0.62% higher from yesterday’s close. Silver is expected to find support at 28.49, … Continue reading

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Gold: Precious metal advanced amid weak US economic data

  Gold prices traded higher by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1577.30 per ounce, recovering from recent lows on fresh buying. Meanwhile, yesterday’s economic data on employment, manufacturing and consumer prices pointed to … Continue reading

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