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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: May 8, 2012
Trading signals for Tuesday 08-05-2012
Forex, Commodities and Index signals for Tuesday 08-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Crude oil trading lower ahead of oil inventory reports
Oil prices advanced 1.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.06. In the Asian session, at GMT0300, Crude Oil is trading at 97.79, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading
Posted in Crude Oil
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Silver: White metal trading lower after yesterday’s flat close
Silver prices traded flat at USD 30.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.03, 0.25% lower from yesterday’s close. Silver is expected to find support at 29.68, and … Continue reading
Posted in Silver
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Gold: Gold continues to lose shine this morning
Gold prices traded lower by 0.08% against the USD in the 24 hour period ending 23:00GMT, at 1638.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1637.33, 0.08% lower from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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USD/JPY: Yen extended its losses against the US Dollar this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.08% against the JPY and closed at 79.88. The minutes of the Bank of Japan’s policy meeting held on April 9 and 10 indicated that policymakers were of the view that … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading lower; UK house price deteriorates in April
For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6193. Yesterday, the Centre for Economics and Business Research (CEBR) cautioned that unemployment in most parts of the UK is likely to rise over … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading lower in the Asian session
For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.3054. The Euro initially came under pressure, after the outcome of elections in Greece and France during the weekend, threatened to derail the region’s … Continue reading
Posted in EUR/USD
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AUD/USD: Aussie drifting lower after trade balance in Australia widens
For the 24 hours to 23:00 GMT, AUD strengthened 0.77% against the USD to close at 1.0208, following a series of positive economic data in Australia. In Australia, building permits rose 7.4% (MoM) in March, while retail sales rose 0.9% … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie rose on upbeat building permits data in Canada, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9929. The Canadian Dollar rose after building permits in Canada rose 4.7% (MoM) in March, compared to a 7.6% rise in February, and against … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9203. In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland stood at 3.1% in April, in line with the market forecast … Continue reading
Posted in USD/CHF
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