Daily Market News from TradingForex

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Currencies News from TradingForex

EUR/USD
The dollar rose 0.1 percent to 1.3201 dollars against the euro. The euro has risen 1.8 percent versus the dollar, a rise for the first time in two years, after the European Central Bank presented a program in September to aid the currency’s fall.
USD/JPY
The yen declined 0.2 percent to 86.13 per dollar as of 1:32 p.m Singapore time, the continuous decline has brought heat on the country from other nations , Finance Minister Taro Aso responded that no one has the right to lecture the country, and added that the US should have a stronger dollar. Since 2011 the currency has dropped more than 10 percent against the dollar.
AUD/USD
The Australian dollar climbed higher than most of the other currencies, and that was due to the manufacturing growth in China, which is its biggest trading partner. It gained 0.1 percent to 1.0381 dollars and is expected to have an overall 1.7 increase this year.
GBP/USD
After a couple of changes throughout the past week, where the British pound rose against the dollar, after the pair hit 1.6065 on Thursday which was its lowest since December 10, the pair has climbed today and added 38 pips at 1.6138.

Commodities News from TradingForex

Gold
Gold is down 6.2 percent since September, and is expected to have a major drop, one of its lowest drops since 2004. Today Gold is up 0.5 percent to 1,664.23 dollars an ounce, and settled at 1,663.10 at 2:21 p.m. Singapore time.
Gold for February delivery rose 0.5 percent and now trades at 1,663.50 dollars an ounce on the Comex in New York.
It is predicted that as the U.S recovers next year, Bullion will be from the bestselling commodities throughout 2013, with high prices.
Oil
After falling 0.5 percent Crude for February delivery gained 1 cent and traded at 90.81 dollars a barrel on the New York Mercantile Exchange at 2:30 p.m. Singapore time. The quarter’s loss is down 1.5 percent, after a 2.1 percent rise from crude oil this month.
Brent oil for February delivery on the London Based ICE Futures Europe Exchange fell 23 cents and traded at 110.93 dollars a barrel. The European Benchmark crude was 19.57 dollars higher than the New York Futures.
Gordon Kwan, head of regional energy research for Mirae Assets predicts oil in New York will trade between 87 and 93 dollars a barrel next week.


 

Thanks to update us for new website for daily market news. I visit Yahoo Finance regarding this.

 

Thank you for viewing this too... we will be updating the news daily.

 

Can you provide market prediction about cross currency pairs? To find forex signals for major currency pair are easy but for cross currency pairs is difficult.

 

Currencies News from TradingForex USD/JPY The Yen has dropped even further against the dollar, and has gone down to 87.33 per dollar, its lowest since July 29, 2010. As of 6:38 am London time it traded at 87.27. These changes took place after the legislation to avert the fiscal cliff was passed. Currency strategist in Sydney Australia& New Zealand Banking Group Ltd. Andrew Salter stated that the Yen will probably remain weak for the time being, adding “if you look out a month or two, it really depends upon what the government is able to achieve as far as the central bank is concerned EUR/USD The dollar lost 0.5 percent and fell to 1.3272 dollars against the euro. Its weakening has taken affect as the legislation for averting the fiscal cliff was passed by the U.S. today. AUD/USD The U.S. dollar slightly gains while the Aussie loses, dropping 0.7 percent from its lowest level in over four weeks. As of 11:08 am Sydney time it traded at 1.0399 dollars. It is predicted that the Australian dollar will rise to 1.07 dollars throughout the next six months, and to 1.01 by the end of the year. Commodities News from TradingForex GOLD The passing of the legislation has had a positive effect on commodities including gold which has reached its highest in two weeks. Spot gold traded at 1,683.80 at 2:25 pm Singapore time, after reaching its highest level since the 18th of December, at 1,683.95 dollars an ounce. Gold for February delivery which has had its 12th annual gain for the year 2012, lost 0.3 percent on the Comex in New York before gaining 0.5 percent and trading at 1,683.80 dollars an ounce. OIL Oil in New York is reaching its highest close in six months, with futures increasing by 0.9 percent. Crude for February delivery gained 86 cents and now trades at 92.68 dollars a barrel in electronic trading on New York Mercantile Exchange. As of 1:20 pm Singapore time it traded at 92.68 dollars. Brent Oil for February settlement has just had its fourth annual gain for the year 2012 gaining 3.5 percent throughout the year. It gained 66 cents today, reaching 111.77 dollars a barrel on the London-based ICE futures Europe exchange. Oil reached its highest since the 18th of October, and reached 91.82 dollars a barrel on Dec 31. Trading was closed on January 1st.

 
Paul75:
Can you provide market prediction about cross currency pairs? To find forex signals for major currency pair are easy but for cross currency pairs is difficult.

I can provide this information, however I am not allowed to post it on this forum as I am an official company representative, Sorry, but thank you for your question.

 

Currencies News from TradinForex

EUR/USD

After a high ride of 1.33 a dollar, the euro fell 0.1 percent to 1.3186 dollars. The dollar has rose 0.3 percent reaching 1.3148 per euro. Over the past year, 2012, the euro has had an overall decline of 1.1 percent, while the dollar fell 3.3 percent.

USD/JPY

Then yen continues to weaken, falling 0.7 percent to 87.34 per dollar, and has reached its lowest level since 29 July 2010 at 87.35. Today however the dollar has also weakened against other major currencies. The Yen’s 14 day relative strength index is at 17 versus the dollar.

AUD/USD

After being one of the strongest currencies, since the passing of the legislation in the US to increase taxes and cut budgets on Wednesday the Australian dollar has suffered some losses and has fallen lower than the USD. The pair fell 0.18 percent to 1.0486 dollars.

GBP/USD

The British pound has been gaining over the last month of last year, and has now risen to its highest level against the dollar in 16 months at 1.6381 dollars, before going down to 1.6252 dollars.

Commodities News from TradingForex

GOLD

Once again gold is doing very well, and after a couple of changes at 11:43 am Singapore time Spot gold traded at 1,686.55 dollars an ounce.

Gold for February delivery reached its highest price since 18 December 2012 yesterday at 1,695.40 dollars and then fell to 1,686.80 an ounce on the Comex in New York.

OIL

The past two days futures have lost 0.7 percent, and oil has gone down for the first time in three days. However Oil’s 14-day relative strength index rose to 68.1 yesterday, and went down to 66.4 today.

Brent oil for February settlement on the London based ICE futures Europe exchange lost 65 cents, and reached 111.82 dollars a barrel.

New York crude is at 92.48 dollars a barrel today.

 
TradingForexDeema:
I can provide this information, however I am not allowed to post it on this forum as I am an official company representative, Sorry, but thank you for your question.

Thanks to give response on my query. Are you familiar with any website which share signals for cross currency pairs?

 

Currency News from TradingForex

EUR/USD
For the second day the dollar stayed higher than the euro, with a 0.1 percent gain and traded at 1.3040 per euro at 5 pm New York time, making it its strongest level in three weeks. The dollar is expected to advance 1.19 dollars per euro by the end of the year.

USD/JPY
The yen fell against most other major currencies including the U.S. dollar, and that marks its longest weekly loss since 24 whole years, with a 2.1 percent loss against the U.S. dollar. It fell to 87.83 per dollar, and at 7 am London time it fell further to 87.74 per dollar. The yen’s 14 day relative strength index fell to 16.6 against the dollar.

AUD/USD
China’s decline has had a big impact on the Australian dollar as the country is Australia’s biggest trade partner. The Aussie fell to 1.0441 at 4:25 pm Sydney time, losing 0.2 percent from yesterday. Expectations are that the currency will not have a noticeable improvement until china starts to improve pulling it along

Commodities News from TradingForex

GOLD
Gold is set for its sixth weekly loss, its worst since May 2004. It dropped from 168.36 to 1645.85 from yesterday, after climbing about 2 percent over the past two days. Gold for February delivery settled at 1,674.60 dollars an ounce.

Gold futures for February delivery fell 1.5 percent to 1,649 an ounce after losing an additional 14.20 dollars on the Comex of the New York Mercantile Exchange.

OIL
Oil has lost even further today with a 0.8 percent drop, West Texas Intermediate oil for February delivery dropped 78 cents and at 2:33 pm Singapore time it traded at 92.26 dollars a barrel on the New York Mercantile exchange.

Brent Crude for February lost 0.6 percent and traded at 111.52 dollars a barrel on the London based ICE Futures Europe Exchange yesterday.
 

Currencies

EUR/USD

The dollar gained 0.3 percent and rose to 1.3035 dollars per euro on the 4th of January. The dollar gained a weekley 0.7 percent increase while the euro lost 0.7 percent.

USD/JPY

At 6 am London time the Yen gained 0.5 percent and rose to 87.73 per dollar. The yen's relative strength index versus the dollar fell to 15.5 on the 4th of January, its lowest since December 2001. The yen's continued shrinking has lead the country to take drastic measures, and it is expected that the extra budget which will be used to boost the economy will take around 5-6 trillion yen out of the public's work spending money.

AUD/USD

The Australian dollar has gained against most of its counterparts. The yield of Australia's benchmark three-year government note went to 2.87 percent, its highest since the 17th of August 2012, and was 2 points lower than the 4th of January at 2.83 percent. The Australian dollar is expected to fall below 1 dollar this year, and weaken to 99 US cents by the end of the year.

Commodities

GOLD

Spot gold gained 0.4 percent and traded at 1,658.42 dollars an ounce at 3:24 pm Singapore time.

Bullion fell to its lowest price since August of last year trading at 1,625.85 dollars an ounce on the 4th of January.

Gold for February delivery gained 0.7 percent and traded at 1,659.90 dollars an ounce on the Comex in New York.

OIL

Oil in New York has had a big weekley advance, its biggest in almost four months, however it has now started falling.

Crude for February delivery fell 28 cents and at 2:37 pm Singapore time it traded at 92.81 dollars a barrel, in electronic trading on the New York Mercantile Exchange.

Brent for February settlement fell 9 cents and trades at 111.22 dollars a barrel on the London based ICE futures europe exchange.

Futures rose 2.5 percent last week, the highest since the 14th of September 2012.

 

Currencies News from TradingForex

EUR/USD

The euro stayed strong versus the dollar, increasing 0.5 percent over the two past days, and it traded at 1.3119 dollars, at 12:26 pm London time, however it then suffered 0.2 percent loss and fell to 1.3042 dollars.

USD/JPY

The yen has made a turn, and gained 0.5 percent reaching 87.36 per dollar, at 6:30 am London time. This is its strongest two day gain since the 8th of November, a positive change since four days ago it had hit its weakest price since July 2010. The Yen’s 14 day relative strength index against the dollar was at 27 today. The dollar fell 0.3 percent versus the yen and reached 87.55 per yen at 1:35 pm Tokyo time, Still the dollar displays signs of strength and is expected to advance to 94 yen; its strongest price in over two years.

AUD/USD

The Australian dollar has slid after a three day gain. It fell 0.2 percent reaching 1.0478 dollars at 4:46 pm Sydney time. Speculations expect a 60 percent chance of the Reserve Bank of Australia lowering the benchmark interest rate from 3 percent this quarter.

Commodities News from TradingForex

GOLD

Gold has started regaining its three day loss again, correlating with the increased demand in China.

Spot gold gained 0.4 percent and rose to 1.653.05 dollars an ounce; it reached 1,649.30 dollars at 11:38 am Singapore time.

Cash bullion fell to its lowest price since August, at 1,625.85 dollars an ounce. Cash bullion of 99.99 percent purity lost 0.6 percent and fell to 1,656.11 dollars an ounce on the Shanghai Gold Exchange.

OIL

Oil in New York did well with trades which brought it to its highest price in four months.

Crude for February delivery fell to 93.08 dollars a barrel, losing 11 cents, in electronic trading on the New York Mercantile Exchange at 2:57 pm Singapore time.

Brent for February settlement traded at 111.21 dollars a barrel, 19 cents down, on the London based ICE futures Europe exchange.

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