commodity trading

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Commodities – Oil rises after unexpected drop in EIA inventory and Iran supply cutoff concerns

Posted on February 15, 2012 4:58 pm GMT

Oil prices jumped sharply earlier today on concern about supply disruption from Iran after Iran’s Press TV reported Iran had banned exports to six EU countries in retaliation for European Union sanctions against the Islamic state.
Crude oil for March delivery […]

Commodities News – Oil prices up on weaker dollar after Fed statement

Posted on January 26, 2012 9:26 am GMT

Oil prices hold on to gains made late Tuesday, driven by a weaker dollar as a result of the US Federal Reserve announcement to keep interest rates low until 2014.
Such a policy move by the Fed aims to bolster economic […]

Commodity Trading – Gold hits six-week high, aided by weaker dollar

Posted on January 23, 2012 10:04 pm GMT

Gold prices hit a six-week high in the New York trading session on Monday, aided by a lower dollar and geopolitical concerns following news of a European Union agreement today to impose an oil embargo on Iran.
Gold hit a high […]

Forex News – Gold hits four-week high

Posted on January 11, 2012 8:51 am GMT

Gold prices rose to a four-week high on Wednesday spurred by strong physical demand in Asia and also helped by the upbeat sentiment in markets in the past two days, which showed a rebound in the euro.
Gold hit a high […]

Forex News – Crude oil prices rise on Iran tensions and EU Summit uncertainty

Posted on December 5, 2011 12:50 pm GMT

Crude oil opened 0.2 percent higher on Monday versus Friday’s New York close of $101.08.
After opening the new trading week in Asia at $101.28, crude prices edged up to as high as $101.89 in European trading to extend last […]

Forex Commodities News – Commodities recover from sharp drop experienced in yesterday’s sessions

Posted on May 12, 2011 11:48 pm GMT

Yesterday’s US session and today’s early Asian session see the Gold and Silver pare back on losses incurred in yesterday’s early sessions, in which the commodities dropped by over $25 and $3 respectively. The huge drop was reversed in […]

Forex Trading News – Commodities – Gold and Silver continue unstoppable rise

Posted on April 29, 2011 9:25 am GMT

Gold continues its seemingly unstoppable rise, reaching historical levels yet again in Thursday’s US session. Spot gold price spiked to a high of $1,538.12 per ounce in US trading, boosted by a broadly weakening greenback.
Despite US economic data released on […]

Forex Trading News: Oil edges up again as US Dollar weakens

Posted on April 27, 2011 1:11 pm GMT

Brent crude oil got support from a weaker dollar and managed to climbed over USD124 a barrel on Wednesday, based on expectations that the Federal Reserve will confirm after its monetary policy meeting on Wednesday that it will maintain its […]

Forex Trading News – Japan’s Retail Trade Data

Posted on April 27, 2011 1:14 am GMT

Retail Trade data for March revealed a lower than expected rate, a fall in the data was expected due to the turmoil in the markets from the massive quake and the nuclear crisis in Japan. The poll was for -5.6%, […]

Forex Trading News – EUR hits a 16-month high against the USD

Posted on April 26, 2011 9:20 pm GMT

EUR jumped to a 16-month high versus the USD today, reaching 1.4656. Now, only a minor resistance stands in the pair’s way to advance higher. As long as the US Federal Reserve still lags other major central banks in raising […]