Monthly Archives: December 2013

Crude Oil: EIA reported a more than expected fall in the US weekly crude inventories

Crude Oil Movement Crude Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 97.51. However, the losses were capped after the US Energy Information Administration (EIA) reported the biggest weekly decline in nearly … Continue reading

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Silver: White metal trading tad lower this morning

Silver Movement Silver prices declined 0.43% to USD20.31 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 20.31, marginally lower from yesterday’s close. Silver is expected to find support at 20.20, … Continue reading

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Gold: Yellow metal converging with its MA’s

Gold Movement Gold prices traded lower by 0.70% against the USD in the 24 hour period ending 23:00GMT, at 1253.48 per ounce, as speculations rose that the Federal Reserve would very soon take the tapering route as the US lawmakers … Continue reading

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USD/CAD: Loonie steady ahead of BoC Governor, Stephen Poloz’s speech

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.14% against the CAD to close at 1.0593. In the Asian session, at GMT0400, the pair is trading at 1.0593, with the USD trading flat from yesterday’s close. … Continue reading

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USD/CHF: Swiss Franc trading marginally lower in the Asian session ahead of the SNB policy meeting

USDCHF Movement For the 24 hours to 23:00 GMT, the USD marginally declined against the CHF and closed at 0.8870. In the Asian session, at GMT0400, the pair is trading at 0.8867, with the USD trading slightly lower from yesterday’s … Continue reading

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USD/JPY: Yen trading tad higher amid lack of economic releases from Japan

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.24% against the JPY and closed at 102.55, amid lingering uncertainty over Fed’s pace of stimulus measures. In the Asian session, at GMT0400, the pair is trading at … Continue reading

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GBP/USD: BoE’s Martin Weale disturbed by rising inflation expectations

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.6377, after the Bank of England (BoE), policy-maker, Martin Weale warned that inflation in the UK has witnessed a sharp decline. He … Continue reading

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EUR/USD: ECB’s Vitor Constancio says no shortage of collateral in any Euro-zone country

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3786, after the European Central Bank (ECB) Vice-President, Vitor Constancio stated that the Euro-zone banks have plenty of collateral, thereby indicating that … Continue reading

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Trading Signals per 11-12-2013

FOREX-Signals                       EUR/USD LONG     EUR/GBP SHORT                 Entry-Limit Buy 1,3741   Entry-Limit Sell 0,8393 Limit SELL 1,3781   Limit BUY 0,8353 … Continue reading

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AUD/USD: Aussie reverses its direction in the morning session

For the 24 hours to 23:00 GMT, AUD strengthened 0.62% against the USD to close at 0.9147. In Australia, the Westpac consumer confidence declined 4.8% (MoM) in December, compared to a 1.9% (MoM) rise registered in the preceding month. LME … Continue reading

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Crude Oil: OPEC’s crude production in November dropped to the lowest level since May 2011

Crude Oil Movement Crude Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 98.62, amid a broad decline in the US Dollar. Price of crude oil rose further after the American Petroleum Institute … Continue reading

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