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Daily Archives: January 26, 2012
Trading signals for Thursday 26-01-2012
Forex, Commodities and Index signals for Thursday 26-01-2012 11:00 GMT Continue reading
Posted in Trading Signals
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The dollar fell across the board upon yesterday’s announcements
The FOMC surprised markets by pledging to leave rates on hold until late 2014 and committing to an explicit inflation target. The Fed will target the y/y change of core personal consumption expenditure (PCE) at 2%, moving away from the previous informal target range of around 1.7% to 2%. The Fed also said it was not appropriate to adopt a fixed goal for employment because “the level of unemployment that can be achieved without sparking inflation is not largely determined by monetary factors”. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie holds on to yesterday’s gains
For the 24 hours to 23:00 GMT, AUD strengthened 1.03% against the USD to close at 1.0594, as risk appetite increased after the US Federal Reserve announced that it would keep interest rates at exceptionally low levels until at least … Continue reading
Posted in AUD/USD
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USD/CAD: Greenback continues to trade lower after the Federal Reserve extends target
For the 24 hours to 23:00 GMT, USD fell 0.46% against the CAD to close at 1.0046, after the US Federal Reserve stated that its benchmark interest rate would stay low until at least 2014, and as higher crude oil … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc gained on broad dollar weakness, trading lower this morning
For the 24 hours to 23:00 GMT, USD weakened 0.65% against the CHF and closed at 0.9217. Yesterday, the Federal Open Market Committee (FOMC) left its benchmark interest rates unchanged at 0.25% and maintained its target interest rate at 0.0%-0.25%. … Continue reading
Posted in USD/CHF
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USD/JPY: Gopher trading between is MA’s
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 77.71. USD was pressurized after the Federal Reserve stated that it would keep interest rates exceptionally low for more than a year longer than … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound trading steady in the Asian session
For the 24 hours to 23:00 GMT, GBP rose 0.21% against the USD and closed at 1.5656. However, gains were limited in the Pound as the UK GDP contracted a more-than-expected 0.2% sequentially in the fourth quarter of 2011, raising … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advanced on successful bond auction; positive economic data
For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.3106, after German business confidence improved more-than-expected in January, moving higher for the third consecutive month. Additionally, the dollar weakened after the FOMC extended … Continue reading
Posted in EUR/USD
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Silver: Silver loses steam in the Asian session
Silver prices rose 3.45% to USD33.25 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.15, 0.29% lower from yesterday’s close. Silver is expected to find support at 32.00, and a … Continue reading
Posted in Silver
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Gold: Gold surpasses $1700 level on Fed’s rate announcement
Gold prices traded higher by 2.57% against the USD in the 24 hour period ending 23:00GMT, at 1709.52 per ounce, as the dollar weakened following US Federal Reserve announcement that it would keep interest rates low through the end of … Continue reading
Posted in Gold
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Crude Oil: Crude oil firms on Fed policy statement, trading flat this morning
Oil prices advanced 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 99.86, after the Federal Reserve stated that it planned to keep interest rates low at least through late 2014, to boost the economic growth, … Continue reading
Posted in Crude Oil
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