Daily Archives: January 2, 2013

Trading signals for Wednesday 02-01-2013

Forex, Commodities and Index signals for Wednesday 02-01-2013 11:00 GMT Continue reading

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Gold: Yellow metal trading higher this morning

  On Monday, Gold prices traded higher by 1.08% against the USD in the 24 hour period ending 23:00GMT, at 1675.31 per ounce, as the greenback weakened. In the Asian session, at GMT0400, Gold is trading at 1679.06, 0.22% higher … Continue reading

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Silver: White metal continues to zoom higher

Silver prices rose 0.88% to the USD30.35 per ounce during the 24 hours ending 23:00GMT on Monday. In the Asian session, at GMT0400, Silver is trading at 30.53, 0.61% higher from Monday’s close. Silver is expected to find support at … Continue reading

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AUD/USD: Higher risk appetite supports the Aussie

  For the 24 hours to 23:00 GMT on Monday, AUD strengthened marginally against the USD to close at 1.0394. LME Copper prices rose 0.6% or $47.3/MT to $7914.75/MT. Aluminium prices rose 0.5% or $9.3/MT to $2039.75/MT. In the Asian … Continue reading

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Crude Oil: Oil trading above $92 per barrel on positive China data

On Monday, Crude Oil prices advanced 1.24% against the USD for the 24 hour period ending 23:00GMT, closing at 91.75, on the hopes of a fiscal cliff agreement after Senate Majority Leader ,Mitch McConnell stated that lawmakers has reached an … Continue reading

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GBP/USD: Pound gaining strength ahead of the UK manufacturing PMI data

For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.6247 on Monday. On Tuesday, the US Senate passed a bill that aims to avoid the cliff’s automatic implementation of $600 billion in spending … Continue reading

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USD/CAD: Optimism sends high yielding currencies north this morningc

USDCAD Movement   On Monday, for the 24 hours to 23:00 GMT, the USD declined 0.23% against the CAD to close at 0.9922. The Canadian Dollar advanced as the US President, Barack Obama stated that congressional leaders were “close” to … Continue reading

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EUR/USD: Euro fell as Angela Merkel warns crisis is ‘far from over’, trading higher this morning

On Monday, for the 24 hours to 23:00 GMT, EUR declined 0.25% against the USD and closed at 1.3194, after German Chancellor Angela Merkel cautioned that the economic environment would be more difficult in 2013 than this year, and that … Continue reading

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USD/CHF: Swiss Franc gaining strength in the Asian session

  On Monday, for the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9152, after the Senate Republican leader, Mitch McConnell stated that lawmakers had reached agreement on the tax portion of a … Continue reading

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USD/JPY: USD continues its bullish trend against the Yen

  For the 24 hours to 23:00 GMT on Monday, the USD strengthened 0.90% against the JPY and closed at 86.75. The Yen weakened, after Japan’s Prime Minister, Shinzo Abe, reiterated his intention to weaken his nation’s currency. Meanwhile, on … Continue reading

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