Daily Archives: August 6, 2012

Trading signals for Monday 06-08-2012

Forex, Commodities and Index signals for Monday 06-08-2012 11:00 GMT Continue reading

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Crude Oil: Oil rose on demand prospects & supply concern, trading lower this morning

On Friday, oil prices advanced 4.43% against the USD for the 24 hour period ending 23:00GMT, closing at 91.30, on speculation that demand for oil might rise following positive economic data from the US and Euro-zone. The oil prices also … Continue reading

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Silver: Silver drifting lower in the Asian session

On Friday, Silver prices rose 2.24% to USD 27.79 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.72, 0.25% lower from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Yellow metal ekes out gains as greenback weakens on strong US jobs data

On Friday, Gold prices traded higher by 0.86% against the USD in the 24 hour period ending 23:00GMT, at 1603.23 per ounce, as the greenback weakened, after better-than-expected US employment data lent support to risk appetite. In the Asian session, … Continue reading

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AUD/USD: Trading flat this morning after Friday’s surge

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 1.02% against the USD to close at 1.0563. LME Copper prices declined 0.8% or $59.8/MT to $7326.5/ MT. Aluminium prices declined 0.8% or $14.5/MT to $1806.3/ MT. Over the … Continue reading

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USD/CAD: Rally in crude oil prices pushed Loonie higher

For the 24 hours to 23:00 GMT, USD declined 0.61% against the CAD on Friday to close at 1.0014. The Loonie rose after crude oil prices rallied more than 4% on Friday and following the release of upbeat jobs and … Continue reading

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USD/CHF: Swissy trading below its MA’s

For the 24 hours to 23:00 GMT on Friday, USD declined 1.62% against the CHF and closed at 0.9706. On the Swiss economic front, the UBS real estate bubble index fell to 0.82 in the Q2 FY2012, from 0.95 in … Continue reading

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USD/JPY: Yen trading higher in the Asian session

For the 24 hours to 23:00 GMT on Friday, USD strengthened 0.40% against the JPY and closed at 78.56. In the US, nonfarm payrolls rose to 163,000 in July, far more than market expectations for a gain of 100,000, and … Continue reading

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GBP/USD: Sterling gives up some gains in the Asian session

For the 24 hours to 23:00 GMT on Friday, GBP rose 0.85% against the USD and closed at 1.5644, as risk appetite received a boost following a stronger-than expected US employment report. In the UK, services Purchasing Managers’ Index (PMI) … Continue reading

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EUR/USD: Euro up on positive economic data

On Friday, for the 24 hours to 23:00 GMT, EUR rose 1.68% against the USD and closed at 1.2381, amid increased risk appetite among investors, following positive service sector data from the Euro-zone and stronger-than-expected US jobs data. In the … Continue reading

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