Daily Archives: November 7, 2012

Trading signals for Wednesday 07-11-2012

Forex, Commodities and Index signals for Wednesday 07-11-2012 11:00 GMT Continue reading

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Crude Oil: Crude Oil extended its gains in the Asian session

  Crude Oil prices advanced 2.89% against the USD for the 24 hour period ending 23:00GMT, closing at 88.26, on renewed supply worries after violence in the Middle East escalated. Late Tuesday, the American Petroleum Institute reported that crude oil … Continue reading

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Gold: Yellow metal trading higher this morning

  Gold prices traded higher by 1.50% against the USD in the 24 hour period ending 23:00GMT, at 1711.65 per ounce. In the Asian session, at GMT0400, Gold is trading at 1724.18, 0.73% higher from yesterday’s close. Gold is expected … Continue reading

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EUR/USD: Barack Obama wins second term as US President; Euro continues its upward trend in the Asian session

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2806. Yesterday, the Spanish Prime Minister, Mariano Rajoy ruled out seeking a bailout in 2012 but vowed to do so if faced by … Continue reading

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Silver: White metal trading higher in the Asian session

  Silver prices rose 2.24% to the USD31.90 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.30, 1.27% higher from yesterday’s close. Silver is expected to find support at 31.48, … Continue reading

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GBP/USD: BRC shop price index rises in October

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.5990. On the economic front, industrial production in the UK fell 1.7% (MoM) in September, compared to a 0.5% drop in August. Additionally, … Continue reading

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USD/JPY: Greenback trading lower against the Yen this morning

  For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 80.29, amid disappointing Japanese economic data. In Japan, the leading index declined to a reading of 91.7 in September, against the forecast … Continue reading

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USD/CHF: Swiss Franc trading higher ahead of CPI data

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9434. According to a survey by the State Secretariat for Economic Affairs (SECO), the consumer confidence index in Switzerland remained unchanged at … Continue reading

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USD/CAD: Canadian Dollar trading higher this morning

  For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 0.9921. On a seasonally adjusted basis, Canada’s Ivey purchasing managers index fell to a reading of 58.3 in October, from 60.4 in … Continue reading

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AUD/USD: AiG performance of construction index rises in October

  For the 24 hours to 23:00 GMT, AUD strengthened 0.46% against the USD to close at 1.0429, after the Reserve Bank of Australia (RBA) unexpectedly kept its benchmark interest rate unchanged at 3.25% at its monetary policy meeting. Additionally, … Continue reading

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