Daily Archives: August 21, 2012

Trading signals for Tuesday 21-08-2012

Forex, Commodities and Index signals for Tuesday 21-08-2012 11:00 GMT Continue reading

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Crude Oil: Oil prices higher ahead of US crude oil inventories data

Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 95.82, amid demand concern following political uncertainty among Euro-zone leaders. Investors await the oil inventory reports later today and tomorrow to offer guidance to … Continue reading

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Silver: Trading above its MA’s

Silver prices rose 2.14% to USD 28.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.75, marginally higher from yesterday’s close. Silver is expected to find support at 28.18, and … Continue reading

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Gold: Trading higher in the Asian session

Gold prices traded higher by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1620.05 per ounce, as the greenback weakened. In the Asian session, at GMT0300, Gold is trading at 1622.00, 0.12% higher from yesterday’s close. … Continue reading

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USD/CAD: Loonie higher ahead of Canadian wholesale sales data

For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9886. Fitch Ratings warned that Canadian banks would come under increased pressure as revenues from key businesses such as consumer lending and capital markets … Continue reading

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AUD/USD: Interest rates in Australia appropriate: RBA Minutes

For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0451. LME Copper prices declined 0.9% or $63.8/MT to $ 7432.0/MT. Aluminium prices declined 0.6% or $11.8/MT to $ 1798.5/MT. In the Asian session, … Continue reading

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EUR/USD: Euro continues its gains but ECB uncertainty keeps investors cautious

For the 24 hours to 23:00 GMT, EUR rose 0.13% against the USD and closed at 1.2353. The Euro started the week with gains, after German magazine, Der Spiegel, on Sunday reported that the European Central Bank (ECB) would define … Continue reading

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USD/CHF: Pair marginally lower in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.13% against the CHF and closed at 0.9723. In the US, the Chicago Fed national activity index rose lower-than-expected to -0.13 in July, compared to a reading of -0.34 in June. … Continue reading

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USD/JPY: Yen trading higher this morning; Japanese all industry activity data awaited

For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 79.40. In Japan, the leading index declined to a reading of 93.2 in June, compared to the previous month’s reading of 95.2. Meanwhile, the … Continue reading

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GBP/USD: Sterling tad higher in the Asian session

For the 24 hours to 23:00 GMT, GBP rose 0.14% against the USD and closed at 1.5712. In the Asian session, at GMT0300, the pair is trading at 1.5719, with the GBP trading marginally higher from yesterday’s close. The pair … Continue reading

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