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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Daily Archives: August 12, 2011
Trading signals for Friday 12-08-2011
Forex, Commodities and Index signals for Friday 12-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Short Sale Ban
After a strong risk rally yesterday, markets drifted off the highs overnight, with the dollar stronger across the board. Price action was relatively subdued however, and we await European trading to better gauge investor sentiment. Yesterday, better-than-expected macro data and improved sentiment towards European financials both contributed. Continue reading
Posted in Market Snapshot
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AUD/USD: AUD rose on higher risk appetite, trading lower this morning
For the 24 hours to 23:00 GMT, AUD strengthened 1.84% against the USD to close at 1.0334. In the US, initial jobless claims, for the week ended 6 August 2011, declined unexpectedly to 395,000, compared to the prior week’s revised … Continue reading
Posted in AUD/USD
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GBP/USD: Pound gained on Chancellor Osborne’s comments, trading lower this morning
For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.6224, after the UK Chancellor of the Exchequer, George Osborne rejected opposition demands to review spending cuts and stated that he has a firm … Continue reading
Posted in GBP/USD
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USD/CAD: Canadian dollar a tad lower, this morning
For the 24 hours to 23:00 GMT, USD fell 0.78% against the CAD to close at 0.9860. Canadian dollar gained amid higher oil prices and as equity markets rebounded. In Canada, the trade deficit widened to C$1.6 billion in June, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss franc falls on pegging rumour, trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 4.86% against the CHF and closed at 0.7615. Swiss franc nursed heavy losses yesterday, sparked by a Swiss newspaper report that quoted Swiss National Bank (SNB), Vice Chairman Thomas Jordan stating … Continue reading
Posted in USD/CHF
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Gold: Yellow metal loses the shine on margin hike
Gold prices traded lower by 2.24% against the USD in the 24 hour period ending 23:00GMT, at 1,758.80 per ounce, as investors booked profits following reports that the US jobless claims declined to a four- month low. Gold prices declined … Continue reading
Posted in Gold
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USD/JPY: Japanese yen trading lower in the Asian session, Japan slashes FY11 GDP forecast
For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 76.83. This morning, in Japan, the Cabinet Office indicated that the Gross Domestic Product (GDP) would rise 0.5% in the current year, following the … Continue reading
Posted in USD/JPY
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Silver: Trading higher this morning
Silver prices fell 1.37% to USD38.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.80 per ounce, 0.15% higher, from 23:00GMT. The first level of short term resistance on the … Continue reading
Posted in Silver
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EUR/USD: EUR trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.63% against the USD and closed at 1.4226. The European Central Bank (ECB) indicated that it would continue to monitor ‘very closely’ all developments relating to the upside risks to price … Continue reading
Posted in EUR/USD
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Crude Oil: Trading lower after yesterdays surge
Oil prices rose 5.11% against the USD for the 24 hour period ending 23:00GMT, closing at 85.54, as a surprise drop in US jobless claims eased concern that the US economy is slowing. At GMT 0300, Oil is trading at … Continue reading
Posted in Crude Oil
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