Daily Archives: November 21, 2011

Trading signals for Monday 21-11-2011

Forex, Commodities and Index signals for Monday 21-11-2011 11:00 GMT Continue reading

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New Government in Spain

Headlines this week are expected to be dominated by further news on debt woes, with the US’ problems adding to the mix. Barring a last-minute breakthrough, we believe it would be hard for the Congressional ‘super committee’ to come up with structural cuts to eat into the US fiscal deficit, thus beginning the process of painful sequesters, as mandated by legislation. Continue reading

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AUD/USD: Australian Dollar continues to traded lower

For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD, on Friday, to close at 1.0001. In the Asian session, at GMT0400, the pair is trading at 0.9973, with the AUD trading 0.28% lower from Friday’s close. … Continue reading

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USD/CAD: Canadian Dollar rose as inflation stays above 2%, trading lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.12% against the CAD, on Friday, to close at 1.0272, following reports showing strong consumer price data in Canada. On an annual basis, the Consumer Price Index (CPI) in Canada rose … Continue reading

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USD/CHF: Pair trading between its MA’s

For the 24 hours to 23:00 GMT, USD declined 0.41% against the CHF, on Friday, and closed at 0.9175. In the Asian session, at GMT0400, the pair is trading at 0.9169, with the USD trading 0.07% lower from Friday’s close. … Continue reading

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USD/JPY: Japanese Yen trading higher this morning

For the 24 hours to 23:00 GMT, USD weakened slightly against the JPY, on Friday, and closed at 76.92. This morning, according to minutes released from the Bank of Japan monetary policy board’s October 27 meeting, the members of the … Continue reading

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GBP/USD: British Pound declines, after house prices in the UK record largest fall in one year

For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD, on Friday, and closed at 1.5788. In the Asian session, at GMT0400, the pair is trading at 1.5745, with the GBP trading 0.27% lower from Friday’s close, … Continue reading

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EUR/USD: Euro extends its Friday’s gains, amid hope of reforms in Italy

For the 24 hours to 23:00 GMT, EUR rose 0.30% against the USD, on Friday, and closed at 1.3510, amid hopes that technocrats in Italy can assist the nation avert a sovereign debt crisis. New Italian Prime Minister, Mario Monti … Continue reading

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Crude Oil: Crude trading below its MA’s

Oil prices declined 1.45% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 97.18, over investors’ speculation that fuel demand may falter amid signs of slowing global economic growth in Asia and debt crises in … Continue reading

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Silver: Trading lower this morning

Silver prices rose 1.64% to USD 32.27 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.20, 0.21% lower from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Gold under pressure, caution prevails after Spain election

Gold prices traded flat against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,722.85 per ounce. In the Asian session, at GMT0400, Gold is trading at 1722.60, marginally lower from Friday’s close, as investors remained cautious … Continue reading

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