Daily Archives: January 12, 2012

Trading signals for Thursday 12-01-2012

Forex, Commodities and Index signals for Thursday 12-01-2012 11:00 GMT Continue reading

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USD/CAD: Canadian dollar rebounds marginally in the Asian session

For the 24 hours to 23:00 GMT, USD climbed 0.25% against the CAD to close at 1.0193. In the Asian session, at GMT0400, the pair is trading at 1.0186, with the USD trading 0.06% lower from yesterday’s close. The pair … Continue reading

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AUD/USD: Pair converging with its MA’s

For the 24 hours to 23:00 GMT, AUD traded marginally lower against the USD to close at 1.0304. In the Asian session, at GMT0400, the pair is trading at 1.0299, with the AUD trading 0.05% lower from yesterday’s close. LME … Continue reading

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USD/CHF: Swiss Franc trading higher, after losing ground yesterday

For the 24 hours to 23:00 GMT, USD climbed 0.50% against the CHF and closed at 0.9541. In the US, according to the Federal Reserve’s Beige Book, economic activity expanded “at a modest to moderate pace” in the latter part … Continue reading

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USD/JPY: Greenback gives up some gains in the Asian session

For the 24 hours to 23:00 GMT, USD advanced 0.05% against the JPY and closed at 76.88. On the economic front, Japan’s leading index rose to 92.9 in November, from a reading of 92.0 in October. Meanwhile, the coincident index … Continue reading

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GBP/USD: Pound continues its downward trend after UK trade deficit widened

For the 24 hours to 23:00 GMT, GBP retreated 1.01% against the USD and closed at 1.5321, after a report indicated an increase in the UK goods trade deficit. In the UK, on a seasonally adjusted basis, the goods trade … Continue reading

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EUR/USD: Euro trading higher ahead of ECB rate decision

For the 24 hours to 23:00 GMT, EUR declined 0.48% against the USD and closed at 1.2708, following a weak German GDP data. The Euro was further pressured after the head of sovereign ratings for Fitch Ratings indicated that the … Continue reading

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Crude Oil: Crude oil fell amid rise in inventories, trading higher this morning

Oil prices declined 1.16% against the USD for the 24 hour period ending 23:00GMT, closing at 100.97, amid renewed concerns over the economic slowdown in European economies and following a surge in US oil stock piles. Yesterday, the Energy Information … Continue reading

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Silver: White metal holds on to yesterday’s gains

Silver prices rose 0.19% to USD29.98 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.004, 0.09% higher from yesterday’s close. Silver is expected to find support at 29.63, and a … Continue reading

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Gold: Gold rose buoyed by a jump in Chinese gold import, gains continue this morning

    Gold prices traded higher by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1,642.07 per ounce, amid rise in demand from China before the Lunar New Year this month. In the Asian session, at … Continue reading

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