Daily Archives: August 31, 2012

Trading signals for Friday 31-08-2012

Forex, Commodities and Index signals for Friday 31-08-2012 11:00 GMT Continue reading

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Crude Oil: Trading flat from yesterday’s close

Oil prices declined 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 94.68, ahead of a keenly anticipated speech by Federal Reserve Chief, Ben Bernanke. In the Asian session, at GMT0300, Crude Oil is trading at … Continue reading

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Silver: Trading below its MA’s

Silver prices declined 1.05% to USD 30.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.39, 0.25% lower from yesterday’s close. Silver is expected to find support at 30.10, and … Continue reading

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Gold: Yellow metal fell on a stronger greenback

Gold prices traded lower by 0.09% against the USD in the 24 hour period ending 23:00GMT, at 1655.90 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1654.70, 0.07% lower from yesterday’s close. … Continue reading

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AUD/USD: Australian private sector credit continue to rise in July

For the 24 hours to 23:00 GMT, AUD weakened 0.49% against the USD to close at 1.0294. Yesterday, the Chinese Premier, Wen Jiabao, warned that the Euro-zone crisis is worsening, but added that China would continue to buy Euro-zone government … Continue reading

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USD/CAD: Canada 2Q current account deficit widens to highest level in 2 years; investors awaits GDP data in Canada

For the 24 hours to 23:00 GMT, USD rose 0.30% against the CAD to close at 0.9923. In Canada, current account deficit on a seasonally adjusted basis rose to C$16.0 billion in the second quarter of 2012, compared to the … Continue reading

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USD/JPY: Industrial output in Japan fell in July

For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 78.57. In the Asian session, at GMT0300, the pair is trading at 78.44, with the USD trading 0.17% lower from yesterday’s close. Data released … Continue reading

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USD/CHF: Swiss Franc trading higher against the USD in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.19% against the CHF and closed at 0.9600. The Federal Reserve of Philadelphia President, Charles Plosser, stated there is no point in launching a third round of quantitative easing (QE3), in … Continue reading

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GBP/USD: Sterling tad higher this morning

For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.5789. In the UK, consumer credit, excluding student loans, unexpectedly declined by £0.2 billion in July, following a revised £0.1 billion gain in the … Continue reading

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EUR/USD: Pair trading higher ahead of Ben Bernanke’s speech at Jackson Hole

For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.2510. Yesterday, the French President, Francois Hollande, called on Europe’s leaders to make serious headway in introducing measures to ease the pressure on countries … Continue reading

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