Daily Archives: September 12, 2012

Trading signals for Wednesday 12-09-2012

Forex, Commodities and Index signals for Wednesday 12-09-2012 11:00 GMT Continue reading

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Crude Oil: Continues its rally amid growing Middle-East concern

Crude Oil prices advanced 0.49% against the USD for the 24 hour period ending 23:00GMT, closing at 96.74, amid Middle-East tension after Israeli Prime Minister, Benjamin Netanyahu, stated the US had forfeited its moral right to stop Israel taking action … Continue reading

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Silver: Trading just above its MA’s

Silver prices rose 0.49% to USD 33.56 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 33.66, 0.29% higher from yesterday’s close. Silver is expected to find support at 33.40, and … Continue reading

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Gold: Gold higher amid expectation of monetary easing by Federal Reserve

Gold prices traded higher by 0.39% against the USD in the 24 hour period ending 23:00GMT, at 1733.75 per ounce, as the greenback weakened amid expectation of monetary easing by Federal Reserve later this week. In the Asian session, at … Continue reading

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AUD/USD: Aussie higher after consumer sentiment index rose in Australia

For the 24 hours to 23:00 GMT, AUD strengthened 0.89% against the USD to close at 1.0432. The Chinese Premier, Wen Jiabao, stated that the nation’s economy “was showing signs of stabilizing” and would likely to meet the 7.5% growth … Continue reading

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USD/CAD: Loonie continues its gain in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.35% against the CAD to close at 0.9735. In Canada, housing starts, on a seasonally adjusted annualized rate, rose to 224,900 units in August, well above the 200,000 average forecast. However, … Continue reading

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USD/CHF: Pair continues its downward journey this morning

For the 24 hours to 23:00 GMT, the USD declined 0.72% against the CHF and closed at 0.9390. In the US, the trade deficit increased 0.2% (MoM) to $ 42 billion in July, from a deficit of $ 41.9 billion … Continue reading

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USD/JPY: Greenback gaining strength against the Yen this morning

For the 24 hours to 23:00 GMT, USD weakened 0.61% against the JPY and closed at 77.77. In Japan, the preliminary machine tool orders declined 2.6% (YoY) in August, from a 6.7% decline in July. The Japanese Finance Minister, Jun … Continue reading

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GBP/USD: Sterling rose as UK trade deficit narrowed in July

For the 24 hours to 23:00 GMT, GBP rose 0.47% against the USD and closed at 1.6070, after data showed that the UK trade deficit narrowed in July. In the UK, visible trade deficit narrowed to £7.1 billion in July, … Continue reading

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EUR/USD: Euro continues its rally amid ESM fund optimism

For the 24 hours to 23:00 GMT, EUR rose 0.72% against the USD and closed at 1.2854, on expectations that a German court would back the Euro-zone bailout fund following announcement that it would not postpone today’s long-awaited decision on … Continue reading

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