Daily Archives: August 8, 2012

Trading signals for Wednesday 08-08-2012

Forex, Commodities and Index signals for Wednesday 08-08-2012 11:00 GMT Continue reading

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Crude Oil: Oil trading lower ahead of EIA weekly inventory report

Oil prices advanced 1.46% against the USD for the 24 hour period ending 23:00GMT, closing at 93.35, as concerns over falling North Sea output and optimism for more stimulus measures from both sides of the Atlantic supported the oil prices. … Continue reading

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Silver: Trading between its MA’s

Silver prices rose 0.74% to USD 28.09 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.02, 0.24% lower from yesterday’s close. Silver is expected to find support at 27.79, and … Continue reading

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Gold: Trading lower this morning

Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1611.65 per ounce. In the Asian session, at GMT0300, Gold is trading at 1610.9, 0.05% lower from yesterday’s close. Gold is expected to find … Continue reading

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AUD/USD: Tad lower this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0546. Yesterday, the Reserve Bank of Australia (RBA) decided to retain its benchmark cash rate unchanged at 3.5%, in line with market forecast. The … Continue reading

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USD/CAD: Loonies rose as Canadian Ivey PMI rises in July, tad lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9971. The Loonie rose, after the Ivey purchasing managers index in Canada, on a seasonally adjusted basis, climbed to 62.8 in July, highest level … Continue reading

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USD/JPY: Japan records more-than-expected surplus in current account

For the 24 hours to 23:00 GMT, USD strengthened 0.52% against the JPY and closed at 78.65. In the Asian session, at GMT0300, the pair is trading at 78.53, with the USD trading 0.15% lower from yesterday’s close. Data released … Continue reading

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USD/CHF: Swiss unemployment remained steady in July, Swiss Franc trading higher this morning

For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9696. On the Swiss economic front, unemployment rate on a seasonally adjusted basis remained steady at 2.9% in July, in line with analysts’ expectations. … Continue reading

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GBP/USD: UK economy contracted 0.2% in the three months to July: NIESR

For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5619, after the UK industrial and manufacturing production fell less-than-expected in June. In the UK, industrial production fell 2.5% (MoM) in June, against the … Continue reading

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EUR/USD: Euro fell as S&P lowered Greece to negative outlook, trading higher this morning

For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2389. Earlier in Asian trading session yesterday, the Euro was trading higher, after German Chancellor, Angela Merkel’s government backed the European Central Bank’s (ECB) … Continue reading

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