Crude oil rebounded in Asian session

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Source: Forexpros
Crude oil traded higher during Asian session on Thursday, erasing earlier losses caused by buildup in the US crude oil inventories last week coupled with unsuccessful Spain bond auction. Light, sweet crude oil futures for May delivery traded at 102.03 US Dollars per barrel on the New York Mercantile Exchange, easing up by 0.55% from the session's low of 101.96 US Dollars per barrel.



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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 10:16:29 GMT

Loonie drops versus US Dollar ahead of jobs data

Canadian Dollar fell against greenback before US jobs report due on Thursday on concerns hiring growth may slow. Its depreciation was fuelled also by debt concerns over Spain. Canada's currency weakened 0.5% to CAD 0.9963. Currently USD/CAD is trading at CAD 0.9962. 

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