Monthly Archives: December 2012

Swissy trading flat ahead of SNB rate decision

For the 24 hours to 23:00 GMT, the USD declined 0.63% against the CHF and closed at 0.9267, as the dollar weakened in the wake of the Fed’s decision to launch the bond-buying program to keep the recovery going in … Continue reading

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Trading signals for Wednesday 12-12-2012

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

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Crude Oil: Oil prices rose on lower OPEC output data, trading lower this morning

Crude Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, after the Organisation of Petroleum Exporting Countries (OPEC) stated that the region’s production fell by 210,000 barrels per day in November. Moreover, … Continue reading

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Silver: Silver gaining strength in the Asian session

Silver prices declined 0.82% to the USD 32.97 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.98, 0.06% higher from yesterday’s close. Silver is expected to find support at 32.76, … Continue reading

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Gold: Gold trading higher ahead of Fed meeting outcome

Gold prices traded lower by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1709.32 per ounce. In the Asian session, at GMT0400, Gold is trading at 1710.45, a marginal 0.07% higher from yesterday’s close, ahead of … Continue reading

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AUD/USD: Australia’s consumer confidence deteriorates in December

For the 24 hours to 23:00 GMT, AUD strengthened 0.48% against the USD to close at 1.0536. LME Copper prices declined 0.5% or $42.3/MT to $8069.0/MT. Aluminium prices rose 1.4% or $29.3/MT to $2130.5/MT. In the Asian session, at GMT0400, … Continue reading

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USD/CAD: Pair trading just below its MA’s

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9861, amid speculation that the Federal Reserve in its two day policy meeting concluding today would provide additional monetary stimulus. Meanwhile, on the … Continue reading

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USD/CHF: Swiss Franc loses steam in the Asian session

For the 24 hours to 23:00 GMT, the USD declined 0.23% against the CHF and closed at 0.9316, amid hopes of additional monetary stimulus by the Federal Reserve and after economic data showed a widening US trade deficit. Trade deficit … Continue reading

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USD/JPY: Yen trading flat after yesterday’s fall

For the 24 hours to 23:00 GMT, the USD strengthened 0.20% against the JPY and closed at 82.53. On a seasonally adjusted monthly basis, wholesale inventories in the US increased 0.6% in October, compared to a 1.1% rise recorded in … Continue reading

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GBP/USD: Sterling steady ahead of the UK unemployment report

For the 24 hours to 23:00 GMT, GBP rose 0.29% against the USD and closed at 1.6118, as risk appetite increased after German investor sentiment improved sharply in December and on cautious optimism that the US would avoid a fiscal … Continue reading

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EUR/USD: Euro losing ground this morning against the US Dollar

For the 24 hours to 23:00 GMT, EUR rose 0.58% against the USD and closed at 1.3012, after the release of upbeat Euro-zone and German economic sentiment data. Moreover, speculation that the Federal Reserve could signal more aggressive quantitative easing … Continue reading

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