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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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Monthly Archives: February 2012
AUD/USD: Aussie trading higher as Australia’s trade surplus unexpectedly widens
For the 24 hours to 23:00 GMT, AUD strengthened 0.78% against the USD to close at 1.0710. Australian Prime Minister, Julia Gillard issued a warning to exporters that the high level of the currency was likely to continue in the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar advances on higher risk appetite
For the 24 hours to 23:00 GMT, USD declined 0.45% against the CAD to close at 0.9979. Canadian dollar advanced as appetite for riskier assets increased after positive news from the Euro-zone and as stronger global manufacturing data boosted speculation … Continue reading
Posted in USD/CAD
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USD/CHF: Pair trading higher ahead of Swiss trade balance data
For the 24 hours to 23:00 GMT, USD declined 0.57% against the CHF and closed at 0.9147. Swiss Franc advanced after retail sales in Switzerland rose 0.6% (YoY) in December, from an increase of 1.8% in November. However, it pared … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to trade higher in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 76.19. This morning, Bank of Japan (BoJ) Governor, Masaaki Shirakawa stated that the BoJ and the Federal Reserve have similar policy goals as they … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound gains after UK manufacturing PMI soar to 8-month high
For the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.5843, after the UK manufacturing index surged to an eight month high in January. In economic news, the manufacturing Purchasing Managers’ Index (PMI) in … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advanced on upbeat economic data, successful bond auction
For the 24 hours to 23:00 GMT, EUR rose 0.62% against the USD and closed at 1.3168, as investor sentiment received a boost after the release of strong global economic data and well-received German and Portuguese debt auctions. On the … Continue reading
Posted in EUR/USD
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Trading signals for Wednesday 01-02-2012
Forex, Commodities and Index signals for Wednesday 01-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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A better-than-expected China PMI gives AUD a temporary boost
The price action overnight was largely driven by a better-than-expected China PMI which gave AUD a modest but temporary boost. The euro meanwhile remained under downward pressure as investors digested yesterday’s news reports suggesting Greece is resisting further austerity measures to bring debt down to sustainable levels, and that negotiations on this front are likely to make slow progress. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude oil fell on rising inventories, poor US economic data; trading higher this morning
Oil prices declined 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 98.45, amid demand concerns following the release of weak US home-price and consumer confidence data. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading
Posted in Crude Oil
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Gold: Gold loses steam this morning
Gold prices traded higher by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1739.82 per ounce, after risk appetite for precious metal rose, following the reports that after 25 countries in the Euro-zone has signed for … Continue reading
Posted in Gold
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Silver: White metal extends decline against greenback in the Asian session
Silver prices declined 0.92% to USD 33.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.24, 0.09% lower from yesterday’s close. Silver is expected to find support at 32.76, and … Continue reading
Posted in Silver
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