Monthly Archives: December 2011

USD/CHF: Swiss Franc trading lower in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.16% against the CHF, on Friday, and closed at 0.9242. In the Asian session, at GMT0400, the pair is trading at 0.9273, with the USD trading 0.33% higher from Friday’s close. … Continue reading

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USD/JPY: Pair showing convergence with its MA’s

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY, on Friday, and closed at 77.52. In Japan, this morning, the Domestic Corporate Goods Price Index rose 0.1% (MoM) in November, following the 0.7% decline in October. … Continue reading

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GBP/USD: Pound gives up some gains in the Asian session

For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD, on Friday, and closed at 1.5661. In the UK, the input Producer Price Index (PPI) rose 13.4% (YoY) in November, compared to 14.3% rise in the previous … Continue reading

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EUR/USD: Euro advanced following the Euro summit, trading lower this morning

For the 24 hours to 23:00 GMT, EUR rose 0.18% against the USD, on Friday, and closed at 1.3373, after an agreement by European leaders on closer fiscal ties and other measures to stem the region’s debt crisis. On Friday, … Continue reading

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Crude Oil: Crude Oil rose following the Euro summit, trading lower this morning

Oil prices advanced 1.67% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.69, after European leaders, on Friday, agreed to boost the region’s rescue fund and tighten budget rules. In the Asian session, at … Continue reading

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Silver: White metal trading lower this morning

Silver prices rose 1.87% to USD 32.22 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.65, 1.77% lower from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Gold trading lower in the Asian Session

Gold prices traded higher by 0.28% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,711.68 per ounce, after Euro-zone leaders decided to boost the rescue fund and agreed on closer fiscal ties. In the Asian … Continue reading

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Trading signals for Friday 09-12-2011

Forex, Commodities and Index signals for Friday 09-12-2011 11:00 GMT Continue reading

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Eurozone on focus

The Eurozone leaders are releasing a statement on their agreements after marathon talks on Thursday and so far the market looks underwhelmed. First, the treaty will be for the Eurozone alone, with the UK and Hungary choosing to stay out. In addition, Germany appears to have blocked key points which could have rallied markets, with the issue of providing the ESM with a banking license a key point of contention. This had appeared on the initial draft but was swiftly deemed as ‘out of the question’ by the senior Eurozone sources. Continue reading

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AUD/USD: Aussie continues to fall against greenback this morning

For the 24 hours to 23:00 GMT, AUD weakened 1.13% against the USD to close at 1.0171, amid a broad dollar strength. In the Asian session, at GMT0400, the pair is trading at 1.0102, with the AUD trading 0.68% lower … Continue reading

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USD/CAD: Trading well above its MA’s, Canadian trade data awaited

For the 24 hours to 23:00 GMT, USD rose 1.43% against the CAD to close at 1.0232. In Canada, the New Housing Price Index rose 0.2% (MoM) in October, while housing starts fell to an annual rate of 181,100 units … Continue reading

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