Monthly Archives: October 2011

Trading signals for Tuesday 25-10-2011

Forex, Commodities and Index signals for Tuesday 25-10-2011 11:00 GMT Continue reading

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Sentiment is still largely euro-negative

The past few trading sessions have provided investors enough headlines to anticipate the broad outcomes of this week’s Eurozone summit. There are plans on the table, which are not mutually exclusive, and the debate has shifted back to private sector participation in reducing Greece’s liabilities. It is somewhat reassuring that no official calls for coercive restructuring have yet been made. Continue reading

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AUD/USD: Aussie rises high on EU optimism‎

For the 24 hours to 23:00 GMT, AUD strengthened 1.34% against the USD to close at 1.0464. The Reserve Bank of Australia (RBA) Deputy Governor Ric Battellino, this morning, signaled no urgency to lower interest rates. In the morning, in … Continue reading

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USD/CAD: Loonie strengthens before BoC rate decision‎

For the 24 hours to 23:00 GMT, USD declined 0.50% against the CAD to close at 1.0038, ahead of a Bank of Canada (BoC) interest rate decision and as commodity prices surged. In the Asian session, at GMT0300, the pair … Continue reading

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USD/CHF: Pair trading below its MA’s

For the 24 hours to 23:00 GMT, USD declined 0.36% against the CHF and closed at 0.8805. In the Asian session, at GMT0300, the pair is trading at 0.8797, with the USD trading 0.09% lower from yesterday’s close. The pair … Continue reading

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USD/JPY: Yen continues its northward journey

For the 24 hours to 23:00 GMT, USD weakened 0.12% against the JPY and closed at 76.17. In the Asian session, at GMT0300, the pair is trading at 76.09, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading

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GBP/USD: Trading flat this morning

For the 24 hours to 23:00 GMT, GBP rose 0.33% against the USD and closed at 1.5996. In the Asian session, at GMT0300, the pair is trading at 1.5999, with the GBP trading flat from yesterday’s close. The pair is … Continue reading

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EUR/USD: Euro tad lower this morning ahead of EU summit

For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.3923, after Germany agreed to leverage the European Financial Stability Facility to more than $1.39 trillion. In Germany, the Manufacturing Output Index declined to … Continue reading

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Crude Oil: Crude surges on positive eurozone signals, trading tad lower

Oil prices advanced 5.21% against the USD for the 24 hour period ending 23:00GMT, closing at 91.69, amid strong Chinese manufacturing data and investors’ hopes that European Officials would find a definite solution to stem the debt crisis in the … Continue reading

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Silver: Trading higher this morning

Silver prices rose 0.81% to USD 31.68 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.82, 0.43% higher from yesterday’s close. Silver is expected to find support at 31.44, and … Continue reading

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Gold: Yellow metal continues to rises on Europe prospects, China data

Gold prices traded higher by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1,652.02 per ounce, as European leaders edged towards a solid plan to resolve the eurozone debt crisis and amid optimism about the Chinese … Continue reading

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