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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: February 7, 2012
Trading signals for Tuesday 07-02-2012
Forex, Commodities and Index signals for Tuesday 07-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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RBA on hold
AUD was the stand-out performer overnight, breaking through 1.08 as the RBA surprised investors and left its cash rate on hold at 4.25%. There was a unanimous consensus for a 25bp cut so the move was very surprising. The board noted that policy was appropriate ‘for the moment’. This suggests the bank still has an easing bias and will ‘adjust the cash rate as necessary to foster sustainable growth and low inflation’. Continue reading
Posted in Uncategorized
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Crude Oil: Continue to trade lower on speculation that US inventories might rise.
Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 97.17, on speculation that stock piles might increase in the US and amid concerns that Greece would fail to take sufficient steps to avert … Continue reading
Posted in Crude Oil
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Silver: Dips further
Silver prices declined 0.05% to USD 33.67 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.6015, 0.21% lower from yesterday’s close. Silver is expected to find support at 33.11, and … Continue reading
Posted in Silver
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Gold: Yellow metal slips as Greece concerns sparks dollar rally
Gold prices traded lower by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1720.88 per ounce, as renewed fears that Greece would fail to reach an acceptable deal with its private creditors weakened demand for the … Continue reading
Posted in Gold
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AUD/USD: RBA leaves interest rate unchanged at 4.25%, Pair trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0720, on increased risk aversion, as the Greek leaders continue to discuss austerity measures required to receive additional bailout funds, raising concern over the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar down on Greek concerns, weaker oil prices
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 0.9963. The Canadian dollar was pressurized as Greek leaders struggled with austerity measures to get a bailout, reducing demand for riskier assets. Decline in … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower in the Asian session
For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9192. In the Asian session, at GMT0400, the pair is trading at 0.9209, with the USD trading 0.18% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading lower ahead of trade balance data in Japan
For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.56. This morning, Bank of Japan Governor, Masaaki Shirakawa stated that the central bank would continue to do its utmost to achieve sustained economic … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound trading lower after disappointing BRC retail sales data
For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5816. Lloyds Banking Group’s Halifax division reported that the House Price Index in the UK climbed 0.6% (MoM) in January, following a 1.0% drop … Continue reading
Posted in GBP/USD
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EUR/USD: Euro falls as Greece talks extended
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3123, on concerns that Greece’s political leaders would fail to reach an agreement allowing the nation to receive a second bailout from international creditors. … Continue reading
Posted in EUR/USD
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