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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 8, 2012
Trading signals for Thursday 08-03-2012
Forex, Commodities and Index signals for Thursday 08-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Today’s policy decisions
For the second day running, Australian dollar bulls were temporarily knocked back by weaker than expected domestic data, with a 15.4k decline in employment and an uptick in the unemployment rate to 5.2% in February, coming on the heels of weak Q4 GDP data yesterday. The market spotlight now shifts to the upcoming policy decisions from the BoE, ECB and Bank of Canada. Continue reading
Posted in Uncategorized
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Crude Oil: Oil higher on Greek hopes, upbeat US jobs data
Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 106.16, on optimism over Greece debt deal and positive jobs data from the US. Ongoing tensions in the Middle East also continued to support … Continue reading
Posted in Crude Oil
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Silver: Silver continues its upward journey in the Asian session
Silver prices rose 1.48% to USD 33.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.44, marginally higher from yesterday’s close. Silver is expected to find support at 32.92, and … Continue reading
Posted in Silver
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Gold: Gold gives up some gains in the Asian session
Gold prices traded higher by 0.59% against the USD in the 24 hour period ending 23:00GMT, at 1685.82 per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1684.65, 0.07% lower from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie extends its gain in the Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0583. In the Asian session, at GMT0400, the pair is trading at 1.0593, with the AUD trading 0.09% higher from yesterday’s close. In data … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar fell after building permits plunged in January; trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.42% against the CAD to close at 0.9974, after the Canadian building permits fell in January. In economic news, building permits in Canada fell 12.3% (MoM) in January, compared to a … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher ahead of Swiss CPI data
For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9163. In economic news, on a seasonally adjusted basis, the unemployment rate in Switzerland remained unchanged at 3.1% in February, in line with market … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading lower after Japan’s current account deficit surges
For the 24 hours to 23:00 GMT, USD strengthened 0.47% against the JPY and closed at 81.13. In Japan, the leading index rose to 94.90 in January, while the coincident index fell to a reading of 93.1 in January. In … Continue reading
Posted in USD/JPY
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GBP/USD: Pound gaining strength in the Asian session ahead of BoE rate decision
For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5743, as risk appetite rose amid optimism that Greece may secure a debt swap deal and on positive US private-sector jobs data. In the … Continue reading
Posted in GBP/USD
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EUR/USD: Euro rose on optimism over Greek debt deal; ECB interest rate decision awaited
For the 24 hours to 23:00 GMT, EUR rose 0.27% against the USD and closed at 1.3152, as concerns over the Greek bond swap eased, after pension funds and major banks stated that they would take part in Greece’s bond … Continue reading
Posted in EUR/USD
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