Monthly Archives: January 2013

GBP/USD: BRC shop price inflation remained stable at 1.5%

For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.6060. In the Asian session, at GMT0400, the pair is trading at 1.6044, with the GBP trading 0.10% lower from yesterday’s close. Data released … Continue reading

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EUR/USD: Euro weighed down by weak European economic data

For the 24 hours to 23:00 GMT, EUR declined 0.31% against the USD and closed at 1.3083, amid disappointing Euro-zone economic data. Additionally, speculation over a French ratings downgrade further weighed on the Euro. However, the French Finance Minister, Pierre … Continue reading

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Silver: White metal trading lower in the Asian session

Silver prices rose 0.71% to the USD30.47 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 30.35, 0.37% lower from yesterday’s close. Silver is expected to find support at 30.10, and … Continue reading

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Gold: Gold reverses previous session gains

Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1661.36 per ounce. In the Asian session, at GMT0400, Gold is trading at 1658.55, 0.17% lower from yesterday’s close. Gold is expected to … Continue reading

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Crude Oil: API reports a surge in crude supplies

Crude Oil prices declined 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 93.18, as investors speculated that crude stockpiles would rise this week in the US after contracting notably during the previous week. The American … Continue reading

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Trading signals for Tuesday 08-01-2013

Forex, Commodities and Index signals for Tuesday 08-01-2013 11:00 GMT Continue reading

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USD/CHF: Swiss Franc trading lower

  For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CHF and closed at 0.9209. In Switzerland, foreign currency reserves narrowed slightly to CHF427.2 billion in December, from CHF427.4 billion in November. In the Asian session, … Continue reading

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GBP/USD: UK to moderately recover in 2013, indicates BCC

  For the 24 hours to 23:00 GMT, GBP rose 0.34% against the USD and closed at 1.6122. In the UK, the Lloyds Bank reported that employment confidence came in unchanged at a reading of -42.0 in December, compared to … Continue reading

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USD/JPY: Japanese Yen snaps its yesterday’s gain, trading lower this morning

  For the 24 hours to 23:00 GMT, the USD weakened 1.07% against the JPY and closed at 87.27. Automobile sales in Japan fell 3.4% (YoY) in December, following a 3.3% decline in November. In the Asian session, at GMT0400, … Continue reading

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EUR/USD: Euro pressured as market awaits ECB decision later this week

  For the 24 hours to 23:00 GMT, EUR declined 0.43% against the USD and closed at 1.3124, ahead of Thursday’s European Central Bank decision on interest rates. However, on the economic front, Euro-zone’s sentix index rose for the fifth … Continue reading

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USD/CAD: Loonie gained following encouraging Ivey PMI in Canada, trading lower this morning

  USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD to close at 0.9859, buoyed by an improvement in Canada’s purchasing activity. On a seasonally adjusted basis, Canada’s Ivey Purchasing Managers Index (PMI) … Continue reading

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