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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: April 5, 2012
Trading signals for Thursday 05-04-2012
Forex, Commodities and Index signals for Thursday 05-04-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Focus on Swiss CPI
Subdued trading in Asia meant EURUSD was confined to a 25-pip range. The price action in USDJPY and AUDUSD was somewhat more lively, but flows were light across the board in pre-holiday trade. Newswires would have been mostly silent were it not for Japan’s Finance Minister Azumi defending his intervention policy. Continue reading
Posted in Market Snapshot
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AUD/USD: Trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 1.0276, after the Australia’s trade account unexpectedly remained in deficit for a second straight month in February. In the Asian session, at GMT0300, the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading lower ahead of Canadian unemployment report
For the 24 hours to 23:00 GMT, USD rose 0.48% against the CAD to close at 0.9960. There were no major economic releases in Canada yesterday. Meanwhile, in the US, Automatic Data Processing, Inc. (ADP) reported that private sector employment … Continue reading
Posted in USD/CAD
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Silver: White metal rebounds in the Asian session
Silver prices declined 3.84% to USD31.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.48, 0.30% higher from yesterday’s close. Silver is expected to find support at 30.85, and a … Continue reading
Posted in Silver
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USD/CHF: Swiss consumer price data awaited today
For the 24 hours to 23:00 GMT, USD rose 0.53% against the CHF and closed at 0.9157. In the Asian session, at GMT0300, the pair is trading at 0.9146, with the USD trading 0.12% lower from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Greenback continues its downward trend against the Yen
For the 24 hours to 23:00 GMT, USD weakened 0.47% against the JPY and closed at 82.39. In the US, the Institute for Supply Management (ISM) indicated that its non-manufacturing index dropped to a reading of 56.0 in March from … Continue reading
Posted in USD/JPY
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GBP/USD: GBP trading higher this morning, Investors eye BoE interest rate decision
For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.5894, as risk appetite was affected after disappointing Spanish bond auction raised concern that the region is struggling to overcome its sovereign-debt crisis. In … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell amid renewed concerns over Euro-zone debt crisis
For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.3143, after a poor Spanish bond auction reignited worries about the Euro-zone debt crisis. Yesterday, Spain’s Treasury sold €2.59 billion in government bonds at … Continue reading
Posted in EUR/USD
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Crude Oil: Oil price plunged amid a surge in stockpiles, trading higher this morning
Oil prices declined 1.93% against the USD for the 24 hour period ending 23:00GMT, closing at 102.04, amid report showing a higher-than-expected rise in the US oil inventories. The Energy Information Administration reported an increase in crude stockpiles by 9 … Continue reading
Posted in Crude Oil
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Gold: Gaining strength this morning after tumbling yesterday
Gold prices extended its previous session losses and fell by 1.43% against the USD in the 24 hour period ending 23:00GMT, at 1623.40 per ounce, after diminishing hopes of more monetary stimulus from the US central bank. In the Asian … Continue reading
Posted in Gold
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