Monthly Archives: July 2013

Crude Oil: Oil reverses its direction in the Asian session

  Crude Oil prices declined 0.91% against the USD for the 24 hour period ending 23:00GMT, closing at 102.94, after the recent price hike lead to heavy profit booking, and as concerns in Egypt eased slightly. Investors await the oil … Continue reading

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GBP/USD: UK retail sales and house price balance advanced in June

  For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.4934. In the Asian session, at GMT0300, the pair is trading at 1.4940, with the GBP trading marginally higher from yesterday’s close. This … Continue reading

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AUD/USD: Aussie trading steady this morning

  For the 24 hours to 23:00 GMT, AUD strengthened 0.85% against the USD to close at 0.9120. LME Copper prices fell 0.8% or $56.0/MT to $6765.0/MT. Aluminium prices declined 0.4% or $6.5/MT to $1736.5/MT. In the Asian session, at … Continue reading

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EUR/USD: Euro gained as profit booking prevailed among investors, trading flat this morning

For the 24 hours to 23:00 GMT, EUR rose 0.37% against the USD and closed at 1.2861. On the Euro-zone’s economic front, the economic scenario did not seem very bright as Germany’s trade surplus and current account surplus both narrowed … Continue reading

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USD/CHF: Swissy moving tad lower in the Asian session

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9645. On Swiss economic front, a non-seasonally adjusted basis, the unemployment rate fell to 2.9% in June from a rate of 3.0% … Continue reading

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Trading Signals as per 08-07-2013

FOREX-Signals                       EUR/USD LONG     EUR/GBP SHORT                 Entry-Limit Buy 1,2812   Entry-Limit Sell 0,8626 Limit SELL 1,2852   Limit BUY 0,8586 … Continue reading

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Crude Oil: Oil higher amid tensions in the Middle East

  On Friday, Crude Oil prices advanced 1.79% against the USD for the period ending 21:00GMT, closing at 103.22, as ongoing protests in Egypt increased concerns of disruptions in the oil supply. In the Asian session, at GMT0300, Crude Oil … Continue reading

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Silver: Silver trading lower this morning

  On Friday, Silver prices declined 3.46% to the USD18.91 per ounce during the period ending 21:00GMT. In the Asian session, at GMT0300, Silver is trading at 18.83, 0.42% lower from Friday’s close. Silver is expected to find support at … Continue reading

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Gold: Gold trading lower as labour market conditions improved in the US

  On Friday, Gold prices traded lower by 2.06% against the USD in the period ending 21:00GMT, at 1223.20 per ounce, after better-than-expected jobs data in the US dampened safe haven appeal of the metal. In the Asian session, at … Continue reading

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GBP/USD: Encouraging US employment data supported the US Dollar against the GBP

  On Friday, GBP fell 0.92% against the USD and closed at 1.4901, as strong US employment figures supported the greenback. In the Asian session, at GMT0300, the pair is trading at 1.4874, with the GBP trading 0.18% lower from … Continue reading

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AUD/USD: Pair moving below its MA’s

  On Friday, the AUD weakened 0.93% against the USD to close at 0.9066. LME Copper prices declined 1.4% or $99.5/MT to $6821.0/MT. Aluminium prices declined 1.4% or $24.5/MT to $1743.0/MT. In the Asian session, at GMT0300, the pair is … Continue reading

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