oil trading

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Oil trading – Crude oil slides on China data; Canadian dollar weakens

Posted on March 12, 2012 7:32 pm GMT

Crude oil prices slid for the first time in four days, erasing last week’s gain from the highest price in more than a week after Chinese economic data signaled weaker growth in the world’s second-largest consumer of oil.
China had its […]

Oil Trading News – Oil prices rebound from four-week lows on Iran threats

Posted on January 16, 2012 1:30 pm GMT

Oil prices rebounded today primarily due to geopolitical supply-side concerns. Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through the Strait of Hormuz would cause a shock to markets […]

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 […]

Forex:Silver sell-off helps US Dollar recover against the Aussie and Loonie

Posted on April 25, 2011 11:37 pm GMT

The Canadian dollar dropped in value against the U.S. dollar on Monday. Despite the light trading occurring from Monday, being a bank holiday in most markets, the reduction in oil prices gave a green light for investors to seek the […]

Forex: Canadian Dollar surges to 3 ½ year high

Posted on April 21, 2011 12:44 am GMT

By S. Nicholas
The Canadian Dollar surged to a new 3 ½ year high against the greenback on Wednesday, boosted by higher oil prices as well as additional support from renewed demand for carry trades. Tuesday’s better than forecast inflation data […]

Trading Point Daily Market Review – United States Session – Euro reaches 15 month high against Greenback

Posted on April 12, 2011 9:01 pm GMT

The Euro experienced a volatile US session, as it reached a new 15 month high against the greenback to peak at 1.4518 in the early parts of the session, closing in on a critical resistance level of 1.4577 – the […]

Forex Daily Market Review – Asia Session – The market books profits and the sell-off in JPY and USD halts

Posted on April 12, 2011 5:29 am GMT

EUR fell around 1% today against the JPY, falling below the 121 yen mark as investors booked profits after the single currency’s recent hefty gains. EUR fell as low as 120.15 yen after Monday’s attempts tο rise above resistance near […]

Forex: Canadian unemployment rate down as expected, despite decline in job numbers

Posted on April 8, 2011 12:46 pm GMT

The Canadian jobs report was released today indicating with disappointing numbers. The unemployment rate dropped as expected by 0.1% from the prior month to come out at 7.7%. However, the net employment change reported a negative 1,500 jobs, indicating […]