Monthly Archives: November 2013

AUD/USD: RBA trims its 2014 growth forecast on the Australian economy

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.72% against the USD to close at 0.9457, as a dismal employment report from Australia spooked investors’ confidence in the Aussie. LME Copper prices declined 1.1% or $81.0/MT to … Continue reading

Posted in AUD/USD | Comments Off

USD/CAD: Loonie trading tad higher ahead of domestic employment data

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0454, buoyed by a strong growth in the US Gross Domestic Product (GDP) during the third quarter. In the Asian session, … Continue reading

Posted in USD/CAD | Comments Off

USD/CHF: Swiss Franc trading lower in the Asian session

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.53% against the CHF and closed at 0.9168, as investors cheered an upbeat rise in the US Gross Domestic Product (GDP) for the third quarter. In economic news, … Continue reading

Posted in USD/CHF | Comments Off

USD/JPY: Yen trading below its MA’s

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.50% against the JPY and closed at 98.18. In economic news, Japan’s leading economic index rose to a reading of 109.5, more than analysts’ expectations for a rise … Continue reading

Posted in USD/JPY | Comments Off

GBP/USD: BoE refrains from altering its monetary policies

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6090, as investors reacted positively to Bank of England’s (BoE) decision to keep its interest rate unchanged at a record low 0.5% … Continue reading

Posted in GBP/USD | Comments Off

EUR/USD: ECB surprisingly lowered its benchmark interest rate to a record low 0.25%

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.81% against the USD and closed at 1.3409, after the European Central Bank (ECB) unexpectedly slashed its interest rate by 25 basis points to 0.25%. Negative sentiment was also … Continue reading

Posted in EUR/USD | Comments Off

Trading Signals per 07-11-2013

FOREX-Signals                       EUR/USD LONG     EUR/GBP LONG                 Entry-Limit Buy 1,3498   Entry-Limit Buy 0,8383 Limit SELL 1,3538   Limit SELL 0,8423 … Continue reading

Posted in Trading Signals | Leave a comment

Crude Oil: EIA reported a less than expected rise in the weekly US crude inventories

Crude Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 94.86, following weakness in the US dollar. Positive sentiment was also fuelled after the Energy Information Administration (EIA) reported that motor fuel consumption … Continue reading

Posted in Crude Oil | Leave a comment

USD/CHF: Swiss Franc trading higher in the morning session

For the 24 hours to 23:00 GMT, the USD declined 0.19% against the CHF and closed at 0.9120. In the Asian session, at GMT0400, the pair is trading at 0.9117, with the USD trading marginally lower from yesterday’s close. The … Continue reading

Posted in USD/CHF | Leave a comment

Silver: White metal pares gains in the Asian session

Silver Movement Silver prices rose 0.52% to USD21.80 per ounce during the 24 hours ending 23:00GMT, buoyed by a rise in the prices of industrial metals and a weakness in the US Dollar. In the Asian session, at GMT0400, Silver … Continue reading

Posted in Silver | Comments Off

Gold: Yellow metal gives up ground against the US Dollar

Gold Movement Gold prices traded higher by 0.44% against the USD in the 24 hour period ending 23:00GMT, at 1317.51 per ounce, amid a broadly weak dollar. In the Asian session, at GMT0400, Gold is trading at 1315.57, 0.15% lower … Continue reading

Posted in Gold | Comments Off