Daily Archives: November 28, 2012

Trading signals for Wednesday 28-11-2012

Forex, Commodities and Index signals for Wednesday 28-11-2012 11:00 GMT Continue reading

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USD/CAD: OECD forecasted a moderate growth for Canada

  For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 0.9944. Yesterday, the Organization for Economic Co-operation and Development, in its new global outlook, forecasted that Canada’s economy would log “moderate” growth … Continue reading

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USD/JPY: US Dollar reverses previous session gains, trading lower this morning

  For the 24 hours to 23:00 GMT, the USD strengthened 0.26% against the JPY and closed at 82.09. In Japan, small business confidence retreated 43.3 in November, from 43.7 in the previous month. In the Asian session, at GMT0400, … Continue reading

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USD/CHF: Swiss UBS consumption indicator rose in October

  For the 24 hours to 23:00 GMT, the USD rose 0.43% against the CHF and closed at 0.9306. Switzerland’s UBS consumption indicator rose to a reading of 1.31 in October, following a revised reading of 1.04 in September. In … Continue reading

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AUD/USD: Australian Dollar trading higher in the Asian session

  For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0443. LME Copper prices rose 0.3% or $25.5/MT to $7795.8/MT. Aluminium prices rose 1.3% or $26.5/MT to $2002.8/MT. In the Asian session, at … Continue reading

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GBP/USD: Pound weighed down by bearish comments by the BoE Governor

  For the 24 hours to 23:00 GMT, GBP declined marginally against the USD and closed at 1.6019. In the UK economic news, the seasonally adjusted index of services retreated 0.5% (MoM) in September, compared to a 1.0% rise in … Continue reading

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EUR/USD: Euro pressured as worries over the US fiscal policy clouded risk sentiment

  For the 24 hours to 23:00 GMT, EUR declined 0.39% against the USD and closed at 1.2938, as initial optimism over the Greek debt deal faded amid concerns over US fiscal policy. The Euro initially firmed on the news … Continue reading

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Crude Oil: Crude Oil declined on OECD warning, inventory data; trading higher this morning

  Crude Oil prices declined 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 87.02, as a warning from the Organization for Economic Cooperation and Development (OECD) over the potential for a global recession raised demand … Continue reading

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Silver: Silver continues its downward trend in the Asian session this morning

  Silver prices declined 0.54% to the USD34.00 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.97, 0.10% lower from yesterday’s close. Silver is expected to find support at 33.85, … Continue reading

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Gold: Gold pressured by a strong dollar

Gold prices traded lower by 0.45% against the USD in the 24 hour period ending 23:00GMT, at 1741.98 per ounce, as the euphoria over a Greek debt deal fizzled out and investors shifted their focus to US negotiations to avert … Continue reading

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