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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: March 2012
RBA: policies unchanged
The RBA kept policy rates on hold overnight, broadly in line with market expectations. The better-than-expected start to the year globally has probably given central banks in general more room for manoeuvre, but our economists note that the RBA has maintained a weak easing bias and is sounding more neutral at this stage – further policy projections will be contingent upon the employment situation, but for now there doesn’t appear to be a strong case to move. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude oil gained on supply concerns, trading lower this morning
Oil prices advanced 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 107.12, amid concerns over potential supply disruptions from Iran. Investors concerns also heightened after the Israeli Prime Minister, Benjamin Netanyahu, showed no signs of … Continue reading
Posted in Crude Oil
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Silver: White metal continues to loses steam in the Asian session
Silver prices declined 2.19% to 34.06 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.93, 0.38% lower from yesterday’s close. Silver is expected to find support at 33.38, and a … Continue reading
Posted in Silver
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Gold: Yellow metal fell on China’s lower growth prospects
Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1706.72 per ounce, after China, the biggest buyer of yellow metal, lowered its economic growth target for 2012, curbing prospects for commodity. In … Continue reading
Posted in Gold
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USD/CHF: Seven month high retail sales pushed Swiss Franc higher; changing its trend in Asian session
For the 24 hours to 23:00 GMT, USD declined 0.18% against the CHF and closed at 0.9125, after the Swiss retail sales increased at the fastest rate in seven months in January. The Swiss Federal Statistical Office reported that in … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie trading lower this morning, Canadian PMI data awaited
For the 24 hours to 23:00 GMT, USD rose 0.56% against the CAD to close at 0.9946. In the Asian session, at GMT0400, the pair is trading at 0.9960, with the USD trading 0.14% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading lower as RBA holds rate; Australian current account deficit widens
For the 24 hours to 23:00 GMT, AUD weakened 0.60% against the USD to close at 1.0669. In the Asian session, at GMT0400, the pair is trading at 1.0617, with the AUD trading 0.49% lower from yesterday’s close, following the … Continue reading
Posted in AUD/USD
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USD/JPY: Yen firms against dollar in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.27% against the JPY and closed at 81.52. The Director-General of the BoJ’s monetary affairs department, Kazuo Momma, cautioned that setting too high a price goal in a country like Japan, … Continue reading
Posted in USD/JPY
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GBP/USD: Sterling is trading lower after BRC survey indicated decline in the UK retail sales
For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.5864. Data released in the UK showed that the Purchasing Managers’ Index for the service sector declined to a reading of 53.8 in February, … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advanced after retail sales in EU recovered unexpectedly, trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.17% against the USD and closed at 1.3215, after Euro-zone retail sales advanced unexpectedly in January after easing for four consecutive months. In economic news, retail sales in the Euro-zone unexpectedly … Continue reading
Posted in EUR/USD
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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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