Monthly Archives: September 2011

Trading signals for Friday 30-09-2011

Forex, Commodities and Index signals for Friday 30-09-2011 11:00 GMT Continue reading

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US economy and labour market remain under scrutiny

The euro stayed buoyed in Europe by Germany’s passage of the EFSF upgrade. Parliamentary sources reported that the vote split was 523 for versus 85 against, with 3 abstentions. Crucially, Chancellor Merkel won the vote without relying on the opposition, contrary to fears beforehand that dissent in her party would be high. Continue reading

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AUD/USD: Aussie trading lower in the Asian session

For the 24 hours to 23:00 GMT, AUD weakened 1.00% against the USD to close at 0.9829. In Australia, yesterday, job vacancies rose 3.3% (M-o-M) in August, following a 4.5% decline in July. This morning, in the economic news, the … Continue reading

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USD/CAD: Canadian dollar trading flat, Awaits GDP data in Canada

For the 24 hours to 23:00 GMT, USD rose 0.32% against the CAD to close at 1.0381.In the US, initial jobless claims fell to 391,000 in the week ended 24 September 2011, while continuing claims slipped to 3.729 million in … Continue reading

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USD/CHF: Swiss Franc trading lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.33% against the CHF and closed at 0.8980. In the Asian session, at 3:00GMT, the USD is trading at 0.9000, 0.22% higher versus Swiss Franc, from yesterday’s close at 23:00 GMT. … Continue reading

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USD/JPY: Yen trading higher in the Asian session

For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 76.76. In Japan, this morning, the unemployment rate declined to 4.3% in August from 4.7% in the previous month. The National Consumer Price Index … Continue reading

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GBP/USD: Pound trading steady, the UK consumer confidence index advances

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5594. In the UK, the nationwide housing prices rose 0.1% (M-o-M) in September, following a 0.6% drop in August. The money supply dropped 0.2% … Continue reading

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EUR/USD: Euro advanced as German EFSF vote passes, trading lower this morning

For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.3576, after the German Parliament voted for an increase in the size and flexibility of the Euro-zone rescue fund. In the Euro zone, consumer … Continue reading

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Crude Oil: Crude rose on German vote, upbeat US data, trading lower this morning

Oil prices advanced 3.52% against the USD for the 24 hour period ending 23:00GMT, closing at 82.83, after the German Parliament approved expanded European bailout fund, raising prospects for oil demand. At GMT 0300, Oil is trading at USD 82.61 … Continue reading

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Silver: Trading higher

Silver prices rose 2.98% to USD 30.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 30.91 per ounce, 1.07% higher, from 23:00GMT. The first level of short term resistance … Continue reading

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Gold: Yellow metal trading higher on safe haven demand

Gold prices traded higher by 1.68% against the USD in the 24 hour period ending 23:00GMT, at 1,620.22 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,629.10 per ounce, 0.55% higher from 23:00GMT. The pair … Continue reading

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