Daily Archives: October 12, 2012

Trading signals for Friday 12-10-2012

Forex, Commodities and Index signals for Friday 12-10-2012 11:00 GMT Continue reading

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USD/JPY: Yen fell on intervention fear, trading higher this morning

For the 24 hours to 23:00 GMT, the USD strengthened 0.43% against the JPY and closed at 78.42. The Japanese Yen came under pressure amid warning signs that Bank of Japan could take further steps to weaken its currency. The … Continue reading

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AUD/USD: Pair extends its gains this morning on higher risk appetite

  For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0256, amid a report showing that US unemployment-benefit applications fell to the least since February 2008, boosting risk appetite. LME Copper prices rose … Continue reading

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USD/CAD: Loonie rose on positive economic data from Canada, trading lower in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined 0.36% against the CAD to close at 0.9786. The Canadian Dollar was bolstered after nations’ trade deficit narrowed and amid a rise in its new housing price index. Canada’s … Continue reading

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USD/CHF: Pair trading marginally higher in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined 0.54% against the CHF and closed at 0.9350. In the Asian session, at GMT0300, the pair is trading at 0.9353, with the USD trading marginally higher from yesterday’s close. … Continue reading

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GBP/USD: Bank of England divided on QE, pair trading lower this morning

  For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.6044. According to the Office for National Statistics the British economy got a mild boost from the money spent by overseas visitors to … Continue reading

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EUR/USD: Euro reclaims ground as IMF signals more time for Greece and Spain, trading lower this morning

  For the 24 hours to 23:00 GMT, EUR rose 0.56% against the USD and closed at 1.2932, amid speculation that a ratings downgrade on Spain by Standard & Poor’s would compel Madrid to formally request a bailout, which investors … Continue reading

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Crude Oil: Oil prices rose as tensions between middle-east countries escalate, trading lower in the Asian session

  Crude Oil prices advanced 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 92.46, as tensions between Syria and Turkey escalated. Growing tensions between Iran and Israel also buoyed prices as investor feared that increase … Continue reading

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Silver: Trading lower in the Asian session

  Silver prices rose 0.25% to the USD34.02 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 34.04, 0.11% lower from yesterday’s close. Silver is expected to find support at 33.89, … Continue reading

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Gold: Gold up as the US Dollar weakens

  Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1768.47 per ounce, as weakness in the US dollar supported gold prices. In the Asian session, at GMT0300, Gold is trading at … Continue reading

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