Daily Archives: November 14, 2011

Trading signals for Monday 14-11-2011

Forex, Commodities and Index signals for Monday 14-11-2011 11:00 GMT Continue reading

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Focus on Italy

Investors kept a wary eye on developments in Rome over the weekend but ultimately fears of a disorderly transition in power in Italy proved unfounded. On Saturday evening the Chamber of Deputies passed the 2012 budget law with 380 votes, a comfortable majority, and Prime Minister Berlusconi resigned later in the day. Continue reading

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Silver: Trading above its MA’s

Silver prices rose 2.05% to USD 34.64 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.80, 0.45% higher from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Gold continues to trade higher this morning

Gold prices traded higher by 1.79% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,788.82 per ounce. In the Asian session, at GMT0400, Gold is trading at 1792.73, 0.22% higher from Friday’s close. Gold is … Continue reading

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Crude Oil: Oil rose amid fresh concerns on Middle East tensions

Oil prices advanced 1.64% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.05, as political developments in the Euro-zone raised investors’ risk appetite. Also, speculation that political concerns in the Middle East would worsen, … Continue reading

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AUD/USD: Aussie extends its Friday’s gains

For the 24 hours to 23:00 GMT, AUD strengthened 1.26% against the USD, on Friday, to close at 1.0276, amid optimism that Italian government would avoid debt turmoil. In the Asian session, at GMT0400, the pair is trading at 1.0305, … Continue reading

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USD/CAD: Loonie rose on market optimism, trading lower in Asian session

For the 24 hours to 23:00 GMT, USD declined 0.44% against the CAD, on Friday, to close at 1.0125, as investors’ optimism increased after the Italian Senate approved debt-reduction measures, raising appeal for high-yielding assets. In the Asian session, at … Continue reading

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USD/CHF: Pair trading below its MA’s

For the 24 hours to 23:00 GMT, USD declined 0.55% against the CHF, on Friday, and closed at 0.9010. The Swiss National Bank Governing Board member, Jean-Pierre Danthine stated that the Swiss central bank is ready to act further on … Continue reading

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USD/JPY: Trading flat this morning, Japan Q3 GDP rose 1.5% (QoQ)

For the 24 hours to 23:00 GMT, USD weakened 0.68% against the JPY, on Friday, and closed at 77.12. In Japan, this morning, the Gross Domestic Product (GDP) rose 1.5% in the third quarter of 2011, following a 0.5% contraction … Continue reading

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GBP/USD: Trading flat this morning after Friday’s gains

For the 24 hours to 23:00 GMT, GBP rose 0.83% against the USD, on Friday, and closed at 1.6070. In the UK, the Output Price Index rose 5.7% (Y-o-Y) in October, compared to a 6.3% increase in September. In the … Continue reading

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EUR/USD: Euro continues to rise, as investors cheer new leadership in Greece, Italy

For the 24 hours to 23:00 GMT, EUR rose 1.06% against the USD, on Friday, and closed at 1.3752, supported by hopes that Italy and Greece are getting their fiscal houses in order. Euro rose as investors’ confidence in Italy’s … Continue reading

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