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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: January 11, 2012
Trading signals for Wednesday 11-01-2012
Forex, Commodities and Index signals for Wednesday 11-01-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Dovish Fed speaker due
The euro gave back most of yesterday’s gains during an otherwise quiet Asia session. EURUSD traded 1.2729-1.2793 and USDJPY 76.80-76.94. The recent barrage of Fed commentary continues. On Tuesday, officials sounded cautious on their overall views on the US economy, though there seemed to be diverging opinions on just how to proceed in the immediate future. Continue reading
Posted in Market Snapshot
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EUR/USD: Euro trading lower on uncertainty over European debt crisis
For the 24 hours to 23:00 GMT, EUR retreated marginally against the USD and closed at 1.2770. Fitch Ratings agency stated that there is a “significant chance” that Italy would have its credit rating downgraded at the end of … Continue reading
Posted in EUR/USD
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Silver: White metal extends its gains in the Asian session
Silver prices rose 3.18% to USD29.92 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.98, 0.21% higher from yesterday’s close. Silver is expected to find support at 29.22, and a … Continue reading
Posted in Silver
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GBP/USD: Pound gives up yesterday’s gains
For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.5477. In the UK, the British Retail Consortium (BRC) reported that shop price inflation retreated to 1.7% (MoM) in December, from 2.0% in November, … Continue reading
Posted in GBP/USD
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Gold: Gold continues its northward journey
Gold prices traded higher by 1.44% against the USD in the 24 hour period ending 23:00GMT, at 1,632.84 per ounce. In the Asian session, at GMT0400, Gold is trading at 1637.39, 0.28% higher from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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USD/JPY: Yen trading marginally lower in the Asian session
For the 24 hours to 23:00 GMT, USD marginally weakened against the JPY and closed at 76.84. In the Asian session, at GMT0400, the pair is trading at 76.90, with the USD trading 0.07% higher from yesterday’s close. This … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss Franc is losing ground this morning
For the 24 hours to 23:00 GMT, USD ended flat against the CHF and closed at 0.9493. The central bank of Switzerland indicated that it would continue the policies put by the former head of the Swiss National Bank … Continue reading
Posted in USD/CHF
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Crude Oil: Crude oil rose on supply concerns, trading lower this morning
Oil prices advanced 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at USD102.16, after tensions in Iran raised concerns about crude oil supplies. Late yesterday, the American Petroleum Institute reported that reported that crude-oil inventories rose … Continue reading
Posted in Crude Oil
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USD/CAD: Canadian dollar is trading lower after yesterday’s gain
For the 24 hours to 23:00 GMT, USD fell 0.64% against the CAD to close at 1.0167. On the economic front, the Canada Mortgage and Housing Corporation (CMHC) indicated that on a seasonally adjusted basis, housing starts climbed to … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading lower after job vacancies fall in November
For the 24 hours to 23:00 GMT, AUD rose 0.59% against the USD to close at 1.0305. In the Asian session, at GMT0400, the pair is trading at 1.0282, with the AUD trading 0.22% lower from yesterday’s close. This … Continue reading
Posted in AUD/USD
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