Gold: Yellow metal reverses its gains in the Asian trading hours

Gold Movement On Friday Gold prices traded higher by 1.44% against the USD in the period ending 21:00GMT, at 1303.64 per ounce, as traders favoured the safe-haven metal after data from the US showed that the economy added less-than-expected jobs … Continue reading

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AUD/USD: Aussie pares its gains in the morning session

AUDUSD Movement On Friday, the AUD strengthened 0.60% against the USD to close at 0.9288. LME Copper prices rose 1.1% or $71.0/MT to $6677.0/MT. Aluminium prices advanced 1.5% or $27.5/MT to $1810.0/MT. In the Asian session, at GMT0300, the pair … Continue reading

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USD/CAD: Loonie continues to trade higher in the Asian session, following Friday’s upbeat Canadian jobs data

USDCAD Movement On Friday, the USD declined 0.47% against the CAD to close at 1.0983. The Canadian Dollar advanced against its US counterpart after official data showed that the Canadian economy added 42,900 net new jobs in March, far more … Continue reading

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USD/CHF: Franc trading tad lower ahead of Swiss consumer inflation data

USDCHF Movement On Friday, the USD rose 0.12% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8923, with the USD trading marginally higher from Friday’s close. The pair is expected … Continue reading

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USD/JPY: Yen trading below its MA’s

USDJPY Movement On Friday, the USD weakened 0.63% against the JPY and closed at 103.24, hurt by the latest batch of downbeat jobs data from the US economy. In the Asian session, at GMT0300, the pair is trading at 103.29, … Continue reading

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GBP/USD: Pound trading marginally lower amid lack of economic data from the UK

GBPUSD Movement On Friday, GBP fell 0.12% against the USD and closed at 1.6578, after the UK, mortgage lender, Halifax reported that house prices fell 1.1% (MoM) in March, their biggest fall in nearly two years, compared to a revised … Continue reading

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EUR/USD: Lower interest rates needed to bolster Euro-zone’s recovery, says ECB’s Benoit Coeure

EURUSD Movement On Friday, EUR declined 0.15% against the USD and closed at 1.3702. However, earlier during the day, the US Dollar came under pressure after data showed that US non-farm payrolls rose by a seasonally adjusted 192,000 in March, … Continue reading

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Crude Oil: Crude trading above its MA’s

Crude Oil Movement Crude Oil prices advanced 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 100.36, amid lingering concerns over talks between the Libyan government and rebels for reopening oil ports in the nation. Crude … Continue reading

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Silver: Silver trading higher this morning, following yesterday’s fall

Silver Movement Silver prices declined 0.98% to USD 19.82 per ounce during the 24 hours ending 23:00GMT, amid broad gains in the US Dollar. In the Asian session, at GMT0300, Silver is trading at 19.83, tad higher from yesterday’s close. … Continue reading

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Gold: Precious metal trading higher this morning

Gold Movement Gold prices traded lower by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1285.14 per ounce, hurt by a stronger US Dollar. In the Asian session, at GMT0300, Gold is trading at 1286.22, 0.08% … Continue reading

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AUD/USD: Aussie pares its losses in the morning session

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.15% against the USD to close at 0.9233, hurt by soft Australian retail sales and Chinese service PMI data. Yesterday, the PBOC stated that the domestic price levels in … Continue reading

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