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Monthly Archives: December 2011
USD/CHF: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.85% against the CHF and closed at 0.9532. In Switzerland, the ZEW Survey – Expectations fell to -72.0 in December, compared to -64.3 in November. Additionally, the Producer and Import Price … Continue reading
Posted in USD/CHF
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USD/JPY: Yen marginally higher this morning, after losing ground yesterday
For the 24 hours to 23:00 GMT, USD strengthened 0.14% against the JPY and closed at 78.08. In Japan, yesterday, the industrial output advanced 2.2% (MoM) in October, down from an initial estimate of 2.4% growth in the previous month. … Continue reading
Posted in USD/JPY
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GBP/USD: UK jobless rate hit a 17-year high; Pound continues to trade lower this morning
For the 24 hours to 23:00 GMT, GBP fell 0.11% against the USD and closed at 1.5471. In the UK, the claimant count rate remained unchanged at 5.0% in November, compared to previous month. Additionally, the unemployment rate came in … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell below $1.30 as Italian borrowing costs soared, trading marginally higher this morning
For the 24 hours to 23:00 GMT, EUR declined 0.40% against the USD and closed at 1.2986, as a surge in the Italian borrowing costs, renewed fears about the European debt crisis. Italian Treasury sold €3 billion of 5-year bonds … Continue reading
Posted in EUR/USD
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Crude Oil: Crude Oil tumbled as OPEC raised output ceiling, trading higher this morning
Oil prices declined 5.26% against the USD for the 24 hour period ending 23:00GMT, closing at 94.83, amid a strong dollar and after the Organisation of Petroleum Exporting Countries (OPEC) decided to raise its production ceiling to 30 million barrels … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning, following a sharp fall yesterday
Silver prices declined 5.81% to USD 28.95 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.03, 0.29% higher from yesterday’s close. Silver is expected to find support at 28.04, and … Continue reading
Posted in Silver
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Gold: Gold tumbles below $1600 on broad dollar strength
Gold prices traded lower by 3.06% against the USD in the 24 hour period ending 23:00GMT, at 1,579.02 per ounce, as the dollar strengthened following concerns over Europe’s debt crisis. In the Asian session, at GMT0400, Gold is trading at … Continue reading
Posted in Gold
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Trading signals for Wednesday 14-12-2011
Forex, Commodities and Index signals for Wednesday 14-12-2011 11:00 GMT Continue reading
Posted in Trading Signals
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The euro’s slide south continued overnight
The euro’s slide south continued overnight amid fresh doubts over the summit’s results and implementation strategy. While a headline that the German Chancellor was ruling out raising the upper limits of ESM funding (according to coalition sources) led to some selling, the move was largely option barrier and stop-loss related initially. Continue reading
Posted in Market Snapshot
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USD/CAD: Greenback rose on Fed announcement and Euro-zone fears
For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 1.0337, after the Federal Reserve dismissed the possibility of fresh monetary easing. Meanwhile, the reports that German Chancellor, Angela Merkel opposed strengthening a bailout … Continue reading
Posted in USD/CAD
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AUD/USD: Trading flat this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0012, as lingering concerns about Europe’s sovereign debt crisis weighed on risk appetite. In the Asian session, at GMT0400, the pair is trading at … Continue reading
Posted in AUD/USD
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