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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 10, 2012
Trading signals for Thursday 10-05-2012
Forex, Commodities and Index signals for Thursday 10-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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USD/CHF: Witnessing flat trading this morning
For the 24 hours to 23:00 GMT, USD rose 0.43% against the CHF and closed at 0.9285, amid comments from Fed officials which indicated no need for new easing. Federal Reserve Bank (Fed) of Minneapolis, President Narayana Kocherlakota stated that … Continue reading
Posted in USD/CHF
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USD/JPY: Yen drifting lower in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.25% against the JPY and closed at 79.67. In economic news, leading index in Japan rose to a reading of 96.6 in March, from 96.0 in February. Additionally, the coincident index … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound trading lower ahead of BoE policy decision
For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6134. UK Prime Minister, David Cameron insisted that the nation must adhere to its tough austerity measures in order to sail through the recessionary … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell on Greek fears, Spanish worries
For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD and closed at 1.2937, amid growing uncertainty surrounding Greece’s political situation and deepening financial concerns in Spain. Sentiments were hit as Greece remained divided on forming a … Continue reading
Posted in EUR/USD
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Crude Oil: Oil price tumbled amid a surge in stockpiles, trading higher this morning
Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 96.40, after reports showed rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that crude inventories rose 3.7 million barrels … Continue reading
Posted in Crude Oil
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Silver: Silver trading between its MA’s
Silver prices declined 0.70% to USD 29.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.17, 0.31% lower from yesterday’s close. Silver is expected to find support at 28.76, and … Continue reading
Posted in Silver
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Gold: Gold trims some losses in the Asian session
Gold prices traded lower by 0.93% against the USD in the 24 hour period ending 23:00GMT, at 1591.20 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1591.44, marginally higher from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher on Australian jobs report, China trade surplus
For the 24 hours to 23:00 GMT, AUD weakened 0.43% against the USD to close at 1.0053. LME Copper prices declined 1.8% or $145.0/MT to $ 8088.5/ MT. Aluminium prices declined 1.9% or $39.0/MT to $ 1986.8/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie down as risk aversion increased
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0020, as risk aversion increased amid political turmoil in Greece. In the Asian session, at GMT0300, the pair is trading at 1.0025, with the … Continue reading
Posted in USD/CAD
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