Monthly Archives: October 2012

Gold: Gold prices expected to rise on speculation of demand from India and firming global trend

  Gold prices reversed earlier gains and traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1748.43 per ounce, as the greenback strengthened following the release of significantly better-than-expected US housing data. In the Asian … Continue reading

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Trading signals for Wednesday 17-10-2012

Forex, Commodities and Index signals for Wednesday 17-10-2012 11:00 GMT Continue reading

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USD/CAD: Pair trading higher this morning

  For the 24 hours to 23:00 GMT, the USD rose 0.49% against the CAD to close at 0.9859. In Canada, manufacturing sales rose 1.5% (MoM) in August, compared to a contraction of 0.8% in July. In the Asian session, … Continue reading

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AUD/USD: Australian Dollar boosted by domestic data

For the 24 hours to 23:00 GMT, AUD strengthened 0.41% against the USD to close at 1.0306. LME Copper prices rose 0.1% or $11.5/MT to $8141.0/MT. Aluminium prices declined 1.0% or $19.3/MT to $1930.5/MT. In the Asian session, at GMT0300, … Continue reading

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USD/CHF: Pair trading higher this morning

  For the 24 hours to 23:00 GMT, the USD declined 0.97% against the CHF and closed at 0.9230. In the US, capacity utilization rose to 78.3% in September, from a revised 78.0% in August. In the Asian session, at … Continue reading

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USD/JPY: Greenback rose amid robust US economic data, trading lower this morning

  For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 78.86, as industrial production in the US increased more-than-expected and homebuilder confidence matched market expectations. In the US, industrial production increased 0.4% … Continue reading

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GBP/USD: UK annual inflation slows to near three-year low

  For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6127. The Pound came under pressure earlier, after the UK data showed a slowdown in consumer inflation in September, raising speculation that the … Continue reading

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EUR/USD: EURUSD above the 1.3000 level amid hopes of a Spanish bailout

  For the 24 hours to 23:00 GMT, EUR rose 1.07% against the USD and closed at 1.3106, amid reports that the Spanish government is drawing closer to an official bailout request. Meanwhile, Michael Meister, a deputy caucus leader of … Continue reading

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Crude Oil: Crude Oil gained amid optimism for a Spanish bailout, trading lower this morning

  Crude Oil prices advanced 0.84% against the USD for the 24 hour period ending 23:00GMT, closing at 92.48, as investors continued to hope that Spain would formally request a bailout in the coming weeks and activate a bond buying … Continue reading

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Silver: White metal trading lower in the Asian session

  Silver prices rose 1.24% to the USD33.11 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 33.07, 0.10% lower from yesterday’s close. Silver is expected to find support at 32.81, … Continue reading

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Gold: Gold rose amid a weak dollar

  Gold prices traded higher by 0.85% against the USD in the 24 hour period ending 23:00GMT, at 1750.65 per ounce, as the dollar weakened. In the Asian session, at GMT0300, Gold is trading at 1751.58, 0.13% higher from yesterday’s … Continue reading

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