Daily Archives: August 22, 2011

Trading signals for Monday 22-08-2011

Forex, Commodities and Index signals for Monday 22-08-2011 11:00 GMT Continue reading

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Yen remains firm

Overnight price action was relatively subdued but risk sentiment remains broadly soft as the market prices in further economic weakness after last week’s string of worrying data out of the US. USDJPY remains the focal point as investors wonder when the MoF will instruct the BoJ to intervene as the yen tests record highs against the dollar. Continue reading

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AUD/USD: Aussie erases Friday’s losses, trading higher this morning

For the 24 hours to 23:00 GMT, AUD weakened 1.12% against the USD, on Friday, to close at 1.0373, as signs that the global economy is slowing, reduced demand for higher-yielding assets. In the Asian session at 3:00GMT, the pair … Continue reading

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USD/CHF: Pair trading flat in the Asian session

For the 24 hours to 23:00 GMT, USD declined 1.13% against the CHF, on Friday, and closed at 0.7854. In the Asian session, at 3:00GMT, the pair is trading at 0.7848, marginally lower from Friday’s close at 23:00 GMT. The … Continue reading

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USD/CAD: Canadian Dollar continues to cement gains this morning

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CAD, on Friday, to close at 0.9897. Canadian dollar rose against the greenback after reports showed that Canada’s consumer price index was right in line with expectations. The … Continue reading

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USD/JPY: Intervention talk keeps yen in check

For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY, on Friday, and closed at 76.51. In Japan, on Friday, the all industry activity index rose 2.3% (M-o-M) in June following a 1.8% increase in the previous … Continue reading

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Crude Oil: Tad lower in Asian session

Oil prices advanced 1.48% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.74. At GMT 0300, Oil is trading at USD 82.67 per barrel in the Asian session, 0.08% lower from Friday’s close at … Continue reading

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GBP/USD: Pair converging with its MA’s

For the 24 hours to 23:00 GMT, GBP fell 0.24% against the USD, on Friday, and closed at 1.6452. In the UK, the public sector net borrowing, excluding financial interventions, declined to £20.0 million in July, compared to £3.5 billion … Continue reading

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EUR/USD: Euro trading lower this morning, after Friday’s surge

For the 24 hours to 23:00 GMT, EUR rose 0.55% against the USD, on Friday, and closed at 1.4390. The Economic and Monetary Affairs Commissioner, Olli Rehn, indicated that the European Commission plans to initiate the Euro bond proposal despite … Continue reading

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Silver: Trading higher this morning

Silver prices rose 5.59% to USD 42.88 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 43.33 per ounce, 1.05% higher, from Friday’s close at 23:00GMT. The first … Continue reading

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Gold: Yellow metal continues to shine

Gold prices traded higher by 1.52% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,851.90 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,868.90 per ounce, 0.92% higher from Friday’s … Continue reading

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