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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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Monthly Archives: August 2011
Trading signals for Monday 01-08-2011
Forex, Commodities and Index signals for Monday 01-08-2011 11:00 GMT
Posted in Trading Signals
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Crude Oil: Oil rally loses steam
Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, after a report showed that the US manufacturing index fell more than expected in July. At GMT 0300, Oil is trading at USD … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning
Silver prices declined 1.26% to USD 39.19 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.59 per ounce, 1.02% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold gains, after ISM disappoints
Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,616.50 per ounce, as a weaker-than-expected reading on the US manufacturing raised appeal of the precious metal. In the Asian session at 3:00GMT, … Continue reading
Posted in Gold
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USD/JPY: Yen erases gains on intervention talk, trading flat this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 77.43, after speculation that the Japanese government would intervene in the currency market. Japan’s Nikkei newspaper reported that Japan’s government was planning to intervene … Continue reading
Posted in USD/JPY
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AUD/USD: Weak global manufacturing data weighed on Australian dollar, tad higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 1.0972, after the release of disappointing manufacturing data in the US and the UK. In Australia, this morning, the total number of building approvals … Continue reading
Posted in AUD/USD
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USD/CAD: Trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD to close at 0.9555. Loonie weakened on concern that the US economy, the main destination for Canadian exports, is losing momentum amid downbeat manufacturing data. In the … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback declined against Swiss Franc on rating risk
For the 24 hours to 23:00 GMT, USD declined 0.65% against the CHF and closed at 0.7855, on investor concerns that a deal to raise the US borrowing limit would not be enough to avoid a downgrade to the country’s … Continue reading
Posted in USD/CHF
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GBP/USD: UK manufacturing dip drags Pound, trading higher in Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6298, amid poor UK manufacturing data. In the UK, the manufacturing Purchasing Managers’ Index (PMI) declined to a reading of 49.1 in July, following … Continue reading
Posted in GBP/USD
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EUR/USD: Euro tumbles as weak data spurs risk aversion, trading marginally higher this morning
For the 24 hours to 23:00 GMT, EUR declined 0.77% against the USD and closed at 1.4259, amid lingering concerns about economic recovery and sovereign debt problems. In the economic news, the manufacturing Purchasing Managers Index (PMI) in the Euro … Continue reading
Posted in EUR/USD
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AUD/USD: AUD trading higher as risk appetite rose on US debt breakthrough
For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD, on Friday, to close at 1.1006, In the morning news, the manufacturing activity index in Australia declined to 43.4 in July from 52.9 in June. Additionally, this … Continue reading
Posted in AUD/USD
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