Gold futures advanced in Asian trade as effect from Fed minutes started to vanish

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Source: Forexpros
Gold futures increased during Asian trade on Thursday, bouncing off the previous lows as impact of the Fed minutes released earlier this week started to fade. COMEX gold June contract traded at 1,624.35 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.64%. Meanwhile, COMEX silver May contract traded at 31.380 US Dollars per troy ounce, edging up 1.08%.


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Thu, 05 Apr 2012 07:12:28 GMT

Emerging patterns: USD/JPY 1H chart: Triangle

USD/JPY was consolidating during last two days and formed a triangle pattern on a 1D chart. The formation has 73% quality along with 50% magnitude in a 34-bar period.The pair eased after it touched the resistance around 84.17 on March 15, and now is trading in 82.00 to 82.30 range. The formation would not last long, so traders may expect

Thu, 05 Apr 2012 08:39:23 GMT

German industrial orders climbed less than predicted in February

German plant orders advanced less than forecast in February as a fall in European demand almost erased gains from non-EU countries. Orders climbed 0.3% compared to January when they declined 1.8%, Economy Ministry reported on Wednesday. Economists questioned by Bloomberg predicted an increase of 1.5%. Orders for Euro Zone contracted 3.2% in February. 

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