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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 27, 2012
Trading signals for Friday 27-01-2012
Forex, Commodities and Index signals for Friday 27-01-2012 11:00 GMT Continue reading
Posted in Trading Signals
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USDJPY rally reversed completely
The USDJPY rally that began three days ago reversed completely overnight. Falling US Treasury yields in the aftermath of the dovish FOMC meeting were to blame. USDJPY had been following gradually ever since, and fresh long positions put on just ahead of the meeting finally had their stops triggered overnight. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil closed yesterday just below $100-a-barrel mark; trading flat this morning
Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 99.88, after the Iranian Parliament stated that they are finalising a draft bill to stop all oil trade with Europe raising concerns over supply. … Continue reading
Posted in Crude Oil
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Gold: Gold continues to cement gains in the Asian session
Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1717.78 per ounce, boosted by concerns of inflation and of a weaker dollar. In the Asian session, at GMT0400, Gold is trading at … Continue reading
Posted in Gold
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Silver: Weakness in the dollar lifted silver prices
Silver prices rose 0.29% to USD 33.34 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened. In the Asian session, at GMT0400, Silver is trading at 33.51, 0.51% higher from yesterday’s close. Silver is expected to find … Continue reading
Posted in Silver
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AUD/USD: Aussie retreats in the Asian session
AUD extended its previous session gains and rose 0.32% against the USD, for the 24 hours to 23:00 GMT, to close at 1.0628, as higher commodity prices supported the demand for the commodity linked currency, after the US Federal Reserve … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar trading lower this morning after yesterday’s rise
For the 24 hours to 23:00 GMT, USD declined 0.27% against the CAD to close at 1.0020. Positive economic data in the US prompted investors to take out money from the safe haven greenback and invest in riskier currencies. In … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc drifting lower this morning; Investors await KOF Swiss Leading Indicator data
For the 24 hours to 23:00 GMT, USD declined 0.10% against the CHF and closed at 0.9207. The Swiss National Bank’s Financial Stability Board has warned in its report that the combination of the EURCHF floor with a low interest … Continue reading
Posted in USD/CHF
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EUR/USD: Euro trading tad lower in the Asian session; Greece debt talks in focus
For the 24 hours to 23:00 GMT, EUR traded flat against the USD and closed at 1.3106. On the economic front, the GfK Group reported that the Consumer Confidence Index in Germany would rise to a reading of 5.9 in … Continue reading
Posted in EUR/USD
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GBP/USD: British Pound gives up some gains in the Asian session
For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5687. In economic news, the Confederation of British Industry (CBI) in its Distributive Trades Survey indicated that the retail sales balance in the UK … Continue reading
Posted in GBP/USD
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USD/JPY: Yen trading higher after release of positive economic data from Japan
For the 24 hours to 23:00 GMT, USD weakened 0.30% against the JPY and closed at 77.47. Data released this morning showed that retail sales in Japan rose 2.5% (YoY) to ¥13.049 trillion in December, following an upwardly revised 2.0% … Continue reading
Posted in USD/JPY
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