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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: March 5, 2012
Trading signals for Monday 05-03-2012
Forex, Commodities and Index signals for Monday 05-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil gaining strength in the Asian session after Friday’s fall
Oil prices declined 1.76% against the USD for the 24 hour period ending 23:00GMTon Friday, closing at 106.88. In the Asian session, at GMT0400, Crude Oil is trading at 106.98, 0.09% higher from Friday’s close, amid reports that the US … Continue reading
Posted in Crude Oil
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Silver: White metal continues its downward journey
On Friday, Silver prices declined 1.86% to USD 34.82per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.73, 0.25% lower from Friday’s close. Silver is expected to find support at 34.26, … Continue reading
Posted in Silver
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Gold: Gold extended its losses this morning amid a strong US dollar
On Friday, Gold prices traded lower by 0.32% against the USD in the 24 hour period ending 23:00GMT, at 1713.52per ounce, as the dollar strengthened on speculation that there would not be monetary easing in the US soon. In the … Continue reading
Posted in Gold
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USD/CHF: Swiss Franc tad higher ahead of Switzerland retail sales release
For the 24 hours to 23:00 GMT on Friday, USD rose 0.94% against the CHF and closed at 0.9141. In the Asian session, at GMT0400, the pair is trading at 0.9140, with the USD trading marginally lower from Friday’s close. … Continue reading
Posted in USD/CHF
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USD/CAD: Canada GDP growth slows to 1.8% in 4Q; Pair trading higher this morning
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.37% against the CAD to close at 0.9891. On the economic front, Gross Domestic Product (GDP) grew 1.8% (YoY) in the fourth quarter of 2011, compared to the revised … Continue reading
Posted in USD/CAD
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USD/JPY: Yen appreciating against the US dollar in the Asians session
For the 24 hours to 23:00 GMT, USD strengthened 0.74% against the JPY on Friday and closed at 81.75. In the US, the Federal Reserve Bank of San Francisco President, John Williams, stated that the central bank should “keep applying … Continue reading
Posted in USD/JPY
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GBP/USD: Sterling drifting lower this morning after BCC lowered UK growth forecast
For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD on Friday and closed at 1.5842. In the UK, the construction Purchasing Managers’ Index (PMI) climbed unexpectedly to a reading of 54.3 in February, from a reading … Continue reading
Posted in GBP/USD
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EUR/USD: Euro declined on persistent sovereign debt concerns, trading steady this morning
For the 24 hours to 23:00 GMT, EUR declined 0.93% against the USD on Friday and closed at 1.3193, after weak German retail sales data and disappointing news from Spain. In Spain, unemployment reached 4.7 million in February, an increase … Continue reading
Posted in EUR/USD
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AUD/USD: AUD trading lower on weak Australian economic data, Chinese Premier statement
For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.69% against the USD to close at 1.0733. In the Asian session, at GMT0400, the pair is trading at 1.0711, with the AUD trading 0.21% lower from Friday’s close, … Continue reading
Posted in AUD/USD
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