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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: June 2012
USD/CAD: Loonie down after dovish tone from Federal Reserve & amid falling oil prices
For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 1.0194, as the Federal Reserve cut its estimate for US economic growth to 2.4% for 2012 down from earlier estimate of 2.9% growth. Moreover, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc down ahead of Swiss industrial production & trade balance data
For the 24 hours to 23:00 GMT, USD declined 0.03% against the CHF and closed at 0.9466. On the Swiss economic front, the ZEW survey expectations index declined to a reading of -43.4 in June, compared to a reading of … Continue reading
Posted in USD/CHF
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GBP/USD: Pound eases after BoE minutes, UK retail sales data awaited
For the 24 hours to 23:00 GMT, GBP fell 0.07% against the USD and closed at 1.5712, after minutes of the Bank of England (BoE) June meeting showed that the four policymakers including BoE governor, Mervyn King, voted to increase … Continue reading
Posted in GBP/USD
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EUR/USD: Euro rose amid Greece optimism; trading lower ahead of PMI in Euro-zone
For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2689. The Euro rose following news that Greece created a coalition government headed by Antonis Samaras of the New Democracy party. The party formed … Continue reading
Posted in EUR/USD
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Trading signals for Wednesday 20-06-2012
Forex, Commodities and Index signals for Wednesday 20-06-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Silver: White metal gaining strength in the Asian session
Silver prices declined 1.10% to USD 28.45 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.47, 0.08% higher from yesterday’s close. Silver is expected to find support at 28.22, and … Continue reading
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Crude Oil: Oil trading lower this morning, EIA inventory data awaited
Oil prices advanced 1.03% against the USD for the 24 hour period ending 23:00GMT, closing at 83.97. Late yesterday, the American Petroleum Institute (API) stated that the US crude stocks fell 550,000 barrels for the week ended June 15. Distillate … Continue reading
Posted in Crude Oil
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Gold: Yellow metal trading higher on Fed stimulus prospects
Gold prices traded lower by 0.61% against the USD in the 24 hour period ending 23:00GMT, at 1619.69 per ounce. In the Asian session, at GMT0300, Gold is trading at 1620.53, 0.05% higher from yesterday’s close, amid speculation that the … Continue reading
Posted in Gold
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AUD/USD: Aussie extends gains versus greenback this morning
For the 24 hours to 23:00 GMT, AUD strengthened 0.61% against the USD to close at 1.0178. LME Copper prices rose 0.4% or $30.0/MT to $7505.3/ MT. Aluminium prices declined 0.2% or $3.5/MT to $1878.3/ MT. In the Asian session, … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie drifting slightly lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.46% against the CAD to close at 1.0183. In Canada, wholesale sales rose more-than-expected by 1.5% (MoM) in April, surpassing the market expectation of 0.2% rise and 0.3% growth in the … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc loses steam in the Asian session
For the 24 hours to 23:00 GMT, USD declined 0.75% against the CHF and closed at 0.9469, amid speculation that Federal Reserve would consider further monetary stimulus in its two-day meeting concluding today. In the Asian session, at GMT0300, the … Continue reading
Posted in USD/CHF
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