13 May 2012
USDJPY Movement 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 reading of 50.9, compared to a reading of 49.7 recorded in the previous [...]
Posted in Forex News
13 May 2012
USDCHF Movement 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 is expected to find support at 0.9263, and a fall through could take [...]
Posted in Forex News
12 May 2012
AUDUSD Movement 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, in China, consumer price index rose 3.4% (YoY) in April, compared to a [...]
Posted in Forex News
12 May 2012
Gold Movement 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 is expected to find support at 1580.88, and a fall through could take [...]
Posted in Forex News
12 May 2012
Crude oil Movement Oil prices rose marginally against the USD for the 24 hour period ending 23:00GMT, closing at 96.43. However, oil pared some of its gains, after Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that oil supplies are outpacing demand levels and it is pumping more oil to keep [...]
Posted in Forex News
11 May 2012
GBPUSD Movement 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 winds. In the Asian session, at GMT0300, the pair is trading at 1.6125, [...]
Posted in Forex News
11 May 2012
USDJPY Movement 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 improved to a reading of 96.5 in March, from 95.2 in February. In [...]
Posted in Forex News
11 May 2012
USDCHF Movement 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 the central bank may need to cut stimulus in 6-9 months and Cleveland [...]
Posted in Forex News