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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: August 2012
AUD/USD: Tad lower this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0546. Yesterday, the Reserve Bank of Australia (RBA) decided to retain its benchmark cash rate unchanged at 3.5%, in line with market forecast. The … Continue reading
Posted in AUD/USD
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USD/CAD: Loonies rose as Canadian Ivey PMI rises in July, tad lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9971. The Loonie rose, after the Ivey purchasing managers index in Canada, on a seasonally adjusted basis, climbed to 62.8 in July, highest level … Continue reading
Posted in USD/CAD
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USD/JPY: Japan records more-than-expected surplus in current account
For the 24 hours to 23:00 GMT, USD strengthened 0.52% against the JPY and closed at 78.65. In the Asian session, at GMT0300, the pair is trading at 78.53, with the USD trading 0.15% lower from yesterday’s close. Data released … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss unemployment remained steady in July, Swiss Franc trading higher this morning
For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9696. On the Swiss economic front, unemployment rate on a seasonally adjusted basis remained steady at 2.9% in July, in line with analysts’ expectations. … Continue reading
Posted in USD/CHF
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GBP/USD: UK economy contracted 0.2% in the three months to July: NIESR
For the 24 hours to 23:00 GMT, GBP rose 0.17% against the USD and closed at 1.5619, after the UK industrial and manufacturing production fell less-than-expected in June. In the UK, industrial production fell 2.5% (MoM) in June, against the … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell as S&P lowered Greece to negative outlook, trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2389. Earlier in Asian trading session yesterday, the Euro was trading higher, after German Chancellor, Angela Merkel’s government backed the European Central Bank’s (ECB) … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 07-08-2012
Forex, Commodities and Index signals for Tuesday 07-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude oil: Oil extends its rally in the Asian session
Crude oil prices advanced 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 92.01, as recent positive US economic data raised expectation that the demand for oil would rise from its biggest consumer. Additionally, ongoing turmoil … Continue reading
Posted in Crude Oil
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Silver: Silver backpedals in the Asian session
Silver prices rose 0.41% to USD 27.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 0.06% lower from yesterday’s close. Silver is expected to find support at 27.65, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues its northward journey this morning
Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1611.00 per ounce. In the Asian session, at GMT0300, Gold is trading at 1612.05, 0.07% higher from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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AUD/USD: Trading above its MA’s
For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0564. LME Copper prices rose 1.0% or $71.0/MT to $7397.5/ MT. Aluminium prices rose 1.2% or $22.5/MT to $1828.8/ MT. In the Asian session, … Continue reading
Posted in AUD/USD
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