Daily Archives: August 22, 2012

Trading signals for Wednesday 22-08-2012

Forex, Commodities and Index signals for Wednesday 22-08-2012 11:00 GMT Continue reading

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GBP/USD: Pair trading marginally higher ahead of FOMC meeting minutes

For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5776. In the UK, public sector net borrowing posted a surplus of £1.795 billion in July, following a revised £12.203 billion deficit in June. … Continue reading

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USD/JPY: Japan trade deficit widened more-than-expected in July

For the 24 hours to 23:00 GMT, USD weakened 0.14% against the JPY and closed at 79.29. In Japan, the all industry activity index rose 0.2% (MoM) in June, from a revised 0.2% drop in May. In the Asian session, … Continue reading

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USD/CAD: Loonie lower ahead of Canadian retail sales data and BoC Governor speech

For the 24 hours to 23:00 GMT, USD rose 0.11% against the CAD to close at 0.9897. In Canada, wholesale sales fell 0.1% (MoM) in June, marking its first drop in five months and compared to the market expectation of … Continue reading

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USD/CHF: Trading flat from yesterday’s close

For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF and closed at 0.9635. On the Swiss economic front, the M3 money supply increased 9.8% (YoY) in July, following an 8.5% rise in June. Separately, the ratings … Continue reading

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Crude Oil: Oil gained amid drop in the US crude oil inventories; tad lower this morning

Oil prices advanced 1.01% against the USD for the 24 hour period ending 23:00GMT, closing at 96.79. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil supplies declined by 6 million barrels in the week ended … Continue reading

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Silver: Trading above its MA’s

Silver prices rose 1.77% to USD 29.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.31, 0.17% higher from yesterday’s close. Silver is expected to find support at 28.83, and … Continue reading

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Gold: Yellow metal continues its shine in the Asian session

Gold prices traded higher by 1.04% against the USD in the 24 hour period ending 23:00GMT, at 1636.85 per ounce. In the Asian session, at GMT0300, Gold is trading at 1639.00, 0.13% higher from yesterday’s close. Gold is expected to … Continue reading

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AUD/USD: Aussie loses steam in the Asian session

For the 24 hours to 23:00 GMT, AUD strengthened 0.15% against the USD to close at1.0467, after the Reserve Bank of Australia’s (RBA) board minutes confirmed a positive outlook for the Australian economy. LME Copper prices rose 1.0% or $77.8/MT … Continue reading

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EUR/USD: Euro rose amid ECB hopes, trading flat this morning

For the 24 hours to 23:00 GMT, EUR rose 0.91% against the USD and closed at 1.2465, amid hopes that the European Central Bank (ECB) would take action to ease Spanish and Italian borrowing costs and following successful Spanish bond … Continue reading

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