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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 21, 2012
Trading signals for Wednesday 21-03-2012
Forex, Commodities and Index signals for Wednesday 21-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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AUD Finds a Foothold
The Australian dollar managed to steady itself overnight after Tuesday’s scare about China’s appetite for iron ore, but the currency could not fully recover lost ground. Tuesday’s comments from an Australian miner appeared to provide anecdotal evidence of a Chinese slowdown and we can expect AUD to show extreme sensitivity to any further remarks of this nature. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 1.15% against the USD to close at 1.0484. In the Asian session, at GMT0400, the pair is trading at 1.0491, with the AUD trading 0.06% higher from yesterday’s close. On the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar cementing gains in the Asian session
For the 24 hours to 23:00 GMT, USD rose 0.39% against the CAD to close at 0.9912. Data released in the US showed that the new building permits climbed higher-than-expected 5.1% to an annual rate of 717,000 in February, the … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc continues to trade higher; IMF backs Franc exchange rate policy
For the 24 hours to 23:00 GMT, USD declined 0.06% against the CHF and closed at 0.9112. Swiss Franc rose after reports indicated more than expected rise in the Swiss industrial production. On the economic front, industrial production in Switzerland … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading steady ahead of trade balance data in Japan
For the 24 hours to 23:00 GMT, USD strengthened 0.33% against the JPY and closed at 83.68. In the Asian session, at GMT0400, the pair is trading at 83.66, with the USD trading 0.02% lower from yesterday’s close. Data just … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading higher ahead of annual budget and BoE Minutes in the UK
For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.5865, after the Confederation of British Industry said industrial order expectations declined more-than-expected in March. On the economic front, Consumer Price Index in the … Continue reading
Posted in GBP/USD
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EUR/USD: Euro higher as Greek Parliament approves second bailout
For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.3237, after Greek Prime Minister, Lucas Papademos, won parliamentary approval for second international bailout package. Meanwhile, the Federal Reserve Chairman, Ben Bernanke stated that … Continue reading
Posted in EUR/USD
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Crude Oil: Oil fell as Saudi Arabia comments eased supply concern; trading higher this morning
Oil prices declined 1.26% against the USD for the 24 hour period ending 23:00GMT, closing at 106.39, after Saudi Arabia, the world’s largest oil exporter, stated that the nation would ensure adequate global supplies of crude oil to stabilize the … Continue reading
Posted in Crude Oil
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Silver: Rebounding after yesterday’s sharp decline
Silver prices declined 2.53% to USD 32.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.17, 0.35% higher from yesterday’s close. Silver is expected to find support at 31.72, and … Continue reading
Posted in Silver
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Gold: Trading higher this morning
Gold prices traded lower by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1649.09 per ounce, amid lackluster physical and investment demand for precious metal. In the Asian session, at GMT0400, Gold is trading at 1652.39, … Continue reading
Posted in Gold
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