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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: June 8, 2012
Trading signals for Friday 08-06-2012
Forex, Commodities and Index signals for Friday 08-06-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil plunges on fading US stimulus hopes
Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 83.79, amid uncertainty about the fragile economic recovery in US after Federal Reserve Chairman, Ben Bernanke, gave no hint about more stimulus measures. In … Continue reading
Posted in Crude Oil
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Silver: Silver continues its bearish trend
Silver prices declined 2.92% to USD 28.64 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.27, 1.31% lower from yesterday’s close. Silver is expected to find support at 27.66, and … Continue reading
Posted in Silver
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Gold: Gold down on Bernanke’s comments
Gold prices traded lower by 1.95% against the USD in the 24 hour period ending 23:00GMT, at 1590.89 per ounce, after the US Federal Reserve Chairman, Ben Bernanke refrained from signaling imminent measures that the central bank might take to … Continue reading
Posted in Gold
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AUD/USD: Aussie trading lower this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.05% against the USD to close at 0.9906. Yesterday, the People’s Bank of China reduced the one-year loan rate by a quarter point to 6.31%, effective from 8 June. The one-year … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie rose as Canada’s Ivey PMI index surges in May, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.07% against the CAD to close at 1.0274, amid positive economic data from Canada. The Ivey purchasing managers index in Canada rose to a reading of 60.5 in May, against the … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback gaining strength against Swiss Franc this morning
For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9556. On the Swiss economic front, consumer price inflation remained flat in May, missing market expectations for a modest increase. Meanwhile, nation’s unemployment rate … Continue reading
Posted in USD/CHF
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USD/JPY: Yen up as Japan posts strong 1Q GDP growth
For the 24 hours to 23:00 GMT, USD strengthened 0.38% against the JPY and closed at 79.66, after Federal Reserve Chairman, Ben Bernanke, refrained from signaling additional steps the central bank might take to spur growth, during congressional testimony. In … Continue reading
Posted in USD/JPY
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GBP/USD: Pound rose as BoE keeps stimulus on hold
For the 24 hours to 23:00 GMT, GBP rose 0.28% against the USD and closed at 1.5527. In economic news, the Bank of England (BoE) kept interest rates at a record-low 0.50% and refrained from altering its stimulus policy by … Continue reading
Posted in GBP/USD
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EUR/USD: Euro down as Fitch downgrades Spain with 3-notches
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2569. The Euro came under pressure, after ratings agency, Fitch, downgraded Spain’s credit rating by three notches to ‘BBB’ from ‘A’, with a negative … Continue reading
Posted in EUR/USD
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