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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: November 1, 2011
Trading signals for Tuesday 01-11-2011
Forex, Commodities and Index signals for Tuesday 01-11-2011 11:00 GMT Continue reading
Posted in Trading Signals
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RBA cuts rates
Investors took no chances overnight as a combination of event risk and growth fears put risk aversion back in the driving seat. The RBA cut rates to 4.50%, but this was of little relief as events in Athens once again put the Eurozone’s ability to resolve current problems in doubt. Greek Prime Minister Papandreou called a confidence motion in the Greek government, due to be held in parliament this week, and a referendum on the proposed second rescue package for Greece in the coming months. Continue reading
Posted in Market Snapshot
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AUD/USD: Australian Dollar falls after RBA lowers key policy rate
For the 24 hours to 23:00 GMT, AUD weakened 1.27% against the USD to close at 1.0536. In Australian economic news, this morning, the AiG Performance of Manufacturing Index rose to 47.4 in October compared to 42.3 in September. The … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar slips as eurozone optimism fades
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CAD to close at 0.9999. Canadian dollar declined against its US counterpart as concerns that European leaders would struggle to contain the debt crisis, diminished appeal for high-yielding … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc continues to trade lower
For the 24 hours to 23:00 GMT, USD rose 1.83% against the CHF and closed at 0.8783. In the Asian session, at GMT0400, the pair is trading at 0.8792, with the USD trading 0.10% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Dollar continues to surge as Japan sells Yen
For the 24 hours to 23:00 GMT, USD strengthened 3.35% against the JPY and closed at 78.30. Yen declined sharply against the greenback after the Japanese government intervened to weaken the currency for the third time this year. The Bank … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound tad higher this morning, UK’s GDP awaited later in the day
For the 24 hours to 23:00 GMT, GBP fell 0.40% against the USD and closed at 1.6062. In the UK, the money supply declined 1.7% (Y-o-Y) in September, compared to a 0.6% decline recorded in the previous month. Mortgage approvals … Continue reading
Posted in GBP/USD
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EUR/USD: Trading flat, after yesterday’s fall on lingering concerns over Italy
For the 24 hours to 23:00 GMT, EUR declined 2.17% against the USD and closed at 1.3839, amid doubts whether Italy’s fiscal problems would be solved by the EU’s expanded sovereign debt rescue package. In economic news, the Consumer Price … Continue reading
Posted in EUR/USD
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Crude Oil: Continues to trade lower
Oil prices declined 0.84% against the USD for the 24 hour period ending 23:00GMT, closing at 92.56. In the Asian session, at GMT0400, Crude Oil is trading at 92.30, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning
Silver prices declined 3.29% to USD 34.16 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.52, 1.07% higher from yesterday’s close. Silver is expected to find support at 34.17, and … Continue reading
Posted in Silver
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Gold: Yellow metal declined as Japan’s intervention lifts dollar, trading higher this morning
Gold prices traded lower by 1.78% against the USD in the 24 hour period ending 23:00GMT, at 1,711.60 per ounce, as Japan intervened in currency markets to pressure the yen, giving a sharp lift to the dollar and pressuring the … Continue reading
Posted in Gold
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