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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: April 2012
Silver: White metal reversing its yesterday’s gains
Silver prices rose 0.81% to USD 31.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.73, 0.03% lower from yesterday’s close. Silver is expected to find support at 31.41, … Continue reading
Posted in Silver
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Gold: Tad lower this morning
Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1651.40 per ounce, after a successful Spanish debt auction eased fears about the Euro-zone debt crisis, but the upside were capped as sentiment … Continue reading
Posted in Gold
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AUD/USD: Aussie rallied, after IMF global growth update
For the 24 hours to 23:00 GMT, AUD strengthened 0.42% against the USD to close at 1.0403, as risk appetite improved after International Monetary Fund (IMF) raised its global economy growth forecast. The IMF raised the growth outlook for … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie strengthened after BoC surprises investors with hawkish tone
For the 24 hours to 23:00 GMT, USD declined 1.04% against the CAD to close at 0.9893. The Canadian Dollar rose, after Bank of Canada (BoC) signaled that it may need to start raising interest rates, preparing to lead … Continue reading
Posted in USD/CAD
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USD/CHF: Pair trading between its MA’s
For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9153. In the Asian session, at GMT0300, the pair is trading at 0.9162, with the USD trading 0.10% higher from yesterday’s close. The … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading lower amid speculation of monetary easing
For the 24 hours to 23:00 GMT, USD strengthened 0.77% against the JPY and closed at 80.99. Yen came under pressure, after industrial production in Japan dropped 1.6% (MoM) in February, compared to the preliminary reading of a 1.8% … Continue reading
Posted in USD/JPY
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GBP/USD: Pound rose on positive UK CPI data
For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.5932, after UK consumer prices rose in March, diminishing expectations for more easing from the Bank of England. On an annual basis, Consumer … Continue reading
Posted in GBP/USD
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EUR/USD: Spanish debt concerns continue to weigh on Euro
For the 24 hours to 23:00 GMT, EUR declined 0.06% against the USD and closed at 1.3127, amid persistent fears over Spanish debt woes. Earlier, Spain’s Economy Minister, Luis de Guindos, admitted that the nation is heading towards its … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 17-04-2012
Forex, Commodities and Index signals for Tuesday 17-04-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Modest Dollar recovery overnight
Asian equity markets slipped into negative territory overnight, helping set the scene for a modest dollar recovery after Monday’s weakness. The minutes from the RBA’s April 3 policy meeting sounded slightly more dovish than the policy statement itself, and more overtly signaled the possibility of a future rate cut – inflationary pressures permitting. Investor focus is likely to shift quickly back to Europe now, and to Eurozone bond markets in particular. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil strengthened as demand prospects improved, after upbeat US retail sales; trading lower in Asian session
Oil prices advanced 0.73% against the USD for the 24 hour period ending 23:00GMT, closing at 103.19, after strong US retail sales data lifted hopes that a recovering US economy may bolster fuel demand. Separately, investors await the oil … Continue reading
Posted in Crude Oil
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