Monthly Archives: August 2012

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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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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