Official Trading Forex Arabic Representative

[TradingForexDeema]

Hi, my name is Deema I am the official representative of TradingForex, I can help you in English Arabic or Greek, and I expect to receive any questions or inquiries you may have about the company or Forex in general, and I will do my best to help you.

I look forward to hearing from you.

Regards

Deema

 

[TradingForexDeema]

Daily Market News from TradingForex 11 JAN 2013

Here is today's Market News to help you

Currencies News from TradingForex

EUR/USD
The euro reached its highest gain in five months against the dollar, even though yesterday’s European Central Bank’s meeting decided against changing interest level rates. The US dollar also did well being higher than a lot of the other major currencies, despite its drop. The pair was up by 1.42 percent yesterday at 1.3252.

USD/JPY
The yen continues to drop, reaching its lowest level since the 29th of June 2010, at 89.35 per dollar, it dropped 0.3 percent from yesterday trading at 89.08 at 2:58 pm Tokyo time. This marks the yen’s longest loss period in over 20 years.

AUD/USD
Once again China’s economical status has affected the Australian dollar which has fallen against most of the other major currencies, leaving behind its highest level in four months. It traded at 1.0590 dollars at 10:31 am Sydney time yesterday. It has climbed 0.8 percent over the past 24 hours, and reached its highest level since the 14th of September at 1.0599 dollars.

GBP/USD
The British currency fell 0.28 percent against the dollar at 1.6015 dollars. The pair fell 0.13 percent to 1.6148 after the central British bank decided against making any changes in their benchmark rate. This happened after the pair had showed signs of improvement over the past two days.

Commodities News from TradingForex

GOLD
Gold is increasingly improving as China’s export growth grows, to what is estimated to be triple what it was at the beginning of the year.
Gold has gained 2.9 percent since the 4th of the month when it had reached its weakest in five months.
Spot gold declined 0.3 percent before rising to 1,673.40 dollars at 1:27 pm Singapore time.

OIL
As Saudi Arabia the world largest crude exporter cuts back on its exports, markets have pushed oil up and it has had a good gain reaching its highest level in four months.
West Texas Intermediate crude for February delivery increased by 10 cents, and at 1:40 pm Singapore time it traded at 93.92 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent Oil for February Settlement lost 32 cents, and traded at 111.57 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 14 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar has sunk to more than a 10 month low against the Euro, losing 0.3 percent and reaching its lowest since the 29th of February 2012 at 1.3404 dollars.

USD/JPY
The yen reached its lowest level against the dollar since the 25th of June 2010 at 89.67 per dollar, the yen suffered a 5 percent fall from last week, and traded at 89.60 at 5:58 am London time.

AUD/USD
The Australian dollar gained against most other currencies including the dollar, it reached 1.0557 dollars at 4:45 pm Sydney time a 0.2 percent increase.

GBP/USD
The British pound fell against the US dollar, as it has struggled against most of its counterparts. The pair lost 0.06 percent and traded at 1.6122

Commodities News from TradingForex

GOLD
Gold for February delivery lost 1 percent, and traded at 1,666.60 dollars an ounce on the Comex of the New York Mercantile Exchange, however this still ensured a 0.7 percent weekly gain.
Future prices for gold have gained 22.50 dollars, a 1.4 percent increase.

OIL
Oil in New York is reaching a four month high, while Brent crude’s West Texas Intermediate is falling to its four month low.
Crude for February delivery reached 94.27 dollars a barrel with a 71 percent increase. At 2:31 pm Singapore time it traded at 94.22 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent for February settlement gained 40 cents and traded at 111.04 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 15 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar gained 0.2 percent against the euro, reached 1.3358 dollars per euro. The pair lost 0.05 percent and fell to 1.3376.

USD/JPY
The yen has changed its four day loss, and started gaining against most of the major currencies, fulfilling expectations that the yen would improve. It reached to 88.96 per dollar a 0.6 percent increase at 6:25 am London time. That comes as a big change since only yesterday it reached its weakest in two years with 89.67.

AUD/USD
The Australian dollar found its self n a downfall against all other major currencies. It fell against the dollar, and that is mainly due to lack of employment in the country. It lost 0.2 percent, and reached 1.0549 dollars at 4:45 pm Sydney time.

GBP/USD
The British pound gained slightly against the dollar, the pair increased by 0.05 percent reaching 1.6085 yesterday. That is a rise from its low session of 1.6070.

Commodities News from TradingForex

GOLD
Bullion traded at 1,675 dollars an ounce. As expectation have gold averaging at 1,720 dollars an ounce this year, and falling to 1,600 dollars next year. It has lost 0.2 percent and fell to 1,672.80 dollars an ounce in London through this month, after its 7.1 percent increase last year.

OIL
Despite expectations that oil in New York would rise to its highest in four months, it has made a turn and dropped. Futures lost 0.5 percent, contrary to yesterday’s 0.6 increase.

Crude for February delivery lost 43 cents and traded at 93.71 dollars a barrel in electronic trading on the New York Mercantile Exchange. At 2:24 pm Singapore time it settled at 93.82 dollars a barrel.
Brent for February settlement, lost 31 cents and traded at 111.57 dollars a barrel on the London Based ICE futures Europe Exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 16 JAN 2013

Currencies News from TradingForex

EUR/USD
The euro has had an alarming 8.4 percent gain against the euro over the past 6 months. It traded at 1.3306 dollars at 5 pm New York time, a 0.6 percent decrease, that is after it touched its highest in almost a year on the 14th of January with 1.3404 dollars.

USD/JPY
The yen has had a two day gain, and in fact its highest in eight months. After its 0.8 percent gain yesterday it gain an extra 0.7 percent today and reached 88.19 per dollar, at 6:55 am London time.

AUD/USD
The Australian dollar fell against the U.S. dollar and traded at 83.93 U.S. cents, dropping from yesterday’s 83.97. Earlier this week the Australian dollar was boosted when Federal Reserve chairman Ben Bernanke said he expects the central bank to continue its bond buying program.

Commodities News from TradingForex

GOLD
Gold has been doing well over the past three days, and is now headed to a two week high. Last year’s overall gain for Gold was at a 7.1 percent increase.

Spot gold gained a 0.3 percent increase trading at 1,682.45 dollars at 12:48 pm Singapore time, after trading at 1,684.75 dollars an ounce. Spot Gold managed to reach its highest price since the 3rd of this month, at 1,685.25 dollars an ounce.

Gold for February delivery traded at 1,682.10 dollars an ounce on the Comex in New York.

OIL
Oil continues to fall back, and oil in New York has reached its lowest in almost a week.

Crude for February delivery rose 23 cents, and traded at 93.51 dollars a barrel at 1:46 pm Singapore time, in electronic trading on the New York Mercantile Exchange.

Brent for February settlement rose 37 cents, and traded at 110.67 a barrel on the London based ICE futures Europe exchange. Brent for February settlement expires today.

 

[TradingForexDeema]

Daily Market News from TradingForex 17 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar has gained against its counterparts since yesterday. The euro rose to 1.3297 dollars. The EUR/USD pair lost 0.09 percent and fell to 1.3293. The pair is expected to find support at 1.3037, and resistance at 1.3403.

USD/JPY
The yen’s two day gain fell short when it lost 0.3 percent and dropped to 88.64 per dollar at 3:31 pm Tokyo time. The pair lost 0.08 percent in Asian trading and fell to 88.31. Expectations have the bank of Japan adjusting its inflation target to 2 percent, when the two day meeting occurs on January 21.

AUD/USD
The Australian dollar fell against most other currencies, and that is mainly due to the high rates of unemployment that the country is suffering. The Aussie lost 0.6 percent and fell to 1.0513 dollars at 5:17 pm Sydney time. The AUD/USD pair also lost 0.63 percent, and fell to 1.0506.

Commodities News from TradingForex

GOLD
Gold was not highly changed over the past day. Gold for February delivery lost 0.2 percent and traded at 1,679.60 dollars an ounce.
Spot gold gained from yesterday and went up to 1,680.05 dollars an ounce at 12:29 am Singapore time.

OIL
Expectations having oil reach its highest level in four months were cut short when oil in New York fell. Futures dropped 0.5 percent, after yesterday’s 1 percent rise.
Crude for February delivery lost 44 cents and fell to 93.80 dollars a barrel. At 1:12 pm Singapore time it traded at 93.88 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent oil for March settlement lost 23 cents and fell to 109.45 dollars, on the London based ICE futures exchange

 

[TradingForexDeema]

Daily Market News from TradingForex 18 JAN 2013

Currencies News from TradingForex

EUR/USD
The euro rose against most other currencies reaching its highest in 10 months against the dollar. It increased by 0.7 percent and traded at 1.3376 dollars at 5 pm New York time. The EUR/USD pair decreased by 0.04 percent to 1.3371.

USD/JPY
The yen fell to its weakest since the 23rd of June 2010 at 90.13 per dollar before trading at 89.93per dollar which was still a decrease by 1 percent from yesterday. Next weeks BOJ two day meeting is still expected to come to a decision of increasing its inflation target to 2 percent, in hopes that it will help boost the yen from its current situation.

AUD/USD
The Australian dollar fell against most of its peers even though China has had a 7.9 percent GDP growth, and China is Australia’s main trading partner. One of the main reasons behind the Aussie’s decline is the increased unemployment rate in the country which has started increasing since December of last year. The AUD/USD pair fell 0.27 percent to 1.0520, and is expected to find support at 1.0498 and resistance at 1.0544.

Commodities News from TradingForex

GOLD
Gold did not go through any significant changes since yesterday.
Gold for immediate delivery had an overall 1.5 percent increase this week, and traded today at 9:55 am Singapore time at 1,688.25 dollars an ounce.
Gold futures gained 2.3 percent and today they reached a record of 1,699 dollars an ounce on the Tokyo Commodity Exchange.
Bullion for February delivery fell 0.2 percent and traded at 1,687.50 dollars an ounce on the Comex.

OIL
China’s economic growth acceleration has helped fulfill earlier expectations that oil would reach a four month high.
Crude for February delivery rose 11 cents and traded at 95.60 dollars a barrel in electronic trading on the New York Mercantile Exchange at 1:27 pm Singapore time.
Brent for March settlement rose 16 cents, and traded at 111.26 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 22 JAN 2013

Currencies News from TradingForex

EUR/USD
The U.S. dollar has found itself falling against most of its peers. The decision that the Bank Of Japan should be making by the end of today’s meeting regarding the inflation rates is expected to have an effect on the U.S dollar. The EUR/USD pair traded at 1.3313 down 0.02 percent.

USD/JPY
The yen continued gaining against other currencies, after the BOJ came to the decision of conducting open ended asset purchases from next year. The currency rose 0.4 percent, and at 7:05 am London time it reached 88.22 per dollar. The pair rose 0.36 percent and traded at 89.75.

AUD/USD
The Australian dollar gained against the U.S. dollar, in Asian trading. The pair rose to 1.0516 up 0.13 percent. It is expected to find support at 1.0468 and resistance at 1.0557.

GBP/USD
The British pound, also known as the Sterling, gained a little opposite the U.S dollar, and the pair traded at 1.5840 which is a 0.05 percent increase.

Commodities News from TradingForex

GOLD

Gold reached its highest in four weeks.
Gold for February delivery rose 0.4 percent and traded at 1,693.10 dollars on the Comex in New York.
Spot Gold gained 0.3 percent and at 12:56 pm Singapore time it traded at 1,693.90 dollars an ounce.

OIL

Oil rose getting close to a four month high.
West Texas Intermediaries for February delivery rose 14 cents, and at 2 pm Singapore time traded at 95.70 dollars a barrel in electronic trading on the New York Mercantil Exchange. WTI for February delivery expires today.
Brent Oil for March settlement rose 39 cents, and traded at 112.10 dollars a barrel on the London based ICE Futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 23 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar has traded very low, and fell against most of its peers. The EUR/USD pair fell 0.01 percent and traded at 1.3313.

USD/JPY
The yen made it to a third day of gains, something which hasn’t happened in almost two months. It increased 0.5 percent reaching 88.23 per dollars at 6:10 am London time. The 14 day relative strength index for the yen was 39 against the dollar. The pair lost 0.3 percent and traded at 88.45.

AUD/USD
The Australian dollar fell against most of its counterparts, mainly due to weak inflation data in the country. The pair fell 0.30 percent in Asian trading and was at 1.0536. It is expected to find support at 1.0468 and resistance at 1.0557.

Commodities News from TradingForex

GOLD
Gold for immediate delivery traded at 1,693.55 dollars an ounce as of 12:17 pm Singapore time.
Bullion for February delivery traded at 1,693.30 dollars an ounce on the Comex in New York.
Cash bullion of 99.99 percent purity, traded at 1,699.77 dollars an ounce on the Shanghai Gold Exchange.

OIL
Oil traded well and almost reached its four months high in New York.
West Texas Intermediate crude for March delivery lost 12 cents, and at 2 pm Singapore time it traded at 96.65 dollars a barrel, in electronic trading on the New York Mercantile Exchange.
Brent for March settlement lost 24 cents, and traded at 112.18 dollars a barrel on the London based ICE Futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 24 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar lost against the euro, after a one week high. At 5 pm New York time it traded at 1.3318 dollars per euro, after reaching its highest price since the 16th of January, at 1.3265. The pair traded at 1.3315 a 0.02 percent decrease. It is expected to find support at 1.3263 and resistance at 1.3398.

USD/JPY
The yen increased by 1 percent against the dollar, trading at 88.61 per dollar, after reaching its highest price since the 16th of January, with 88.06. The pair traded at 88.91 a 0.32 percent increase. It is expected to find support at 88.29 and resistance at 90.08.

AUD/USD
The decline in commodities has had a tremendous effect on the Australian dollar. It has fallen against most other major currencies. For the first time in three days it lost against the dollar, which traded really well yesterday. It lost 0.1 percent and traded at 1.0555 in New York.

Commodities News from TradingForex

GOLD
Gold for immediate delivery lost 0.2 percent, and at 10:59 pm Singapore time, it traded at 1,683.80 dollars an ounce.
Bullion for February delivery lost 0.2 percent, and traded at 1,683.30 dollars an ounce on the Comex in New York.
Cash Bullion of 99.99 percent purity lost 0.5 percent and traded at 1,690.58 an ounce on the Shanghai exchange.
Despite its losses, Gold is still expected to continue its success through the year and into the coming one.

OIL
West Texas Intermediate crude for March delivery gained 23 cents, and at 2:32 pm Singapore time it traded at 95.46 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent for March settlement, lost 3 cents, and traded at 112.77 dollars a barrel on the London based ICE Furfures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 25 JAN 2013

Currencies News from TradingForex

EUR/USD
The dollar held strong in the past couple of days, and it slightly fell yesterday against its major peers. The EUR/USD pair gained 0.41 percent and traded at 1.3373.

USD/JPY
The yen has reached its 11th weekly loss today, as Japanese consumer prices decline. The currency lost 0.2 percent and traded at 90.55 per dollar at 6:39 am London time. This is the longest losing streak for the currency since 1971. The pair traded at 90.55 in Asian trading, and is expected to find support at 88.06 and resistance at 90.25.

AUD/USD
Expectations that the Reserve Bank of Australia will cut interest rates again has contributed in the Australian dollar losing against its major peers including the dollar. The pair traded at 1.0447 losing 0.05 percent, and is expected to find support at 1.0493 and resistance at 1.0558.

Commodities News from TradingForex

GOLD
Gold for immediate delivery lost 0.3 percent and traded at 1,667.85 dollars an ounce at 12:51 pm Singapore time.
Bullion for February delivery lost 0.4 percent and traded at 1,662.60 dollars an ounce on the Comex in New York
Cash bullion of 99.99 percent purity lost 0.6 percent and traded at 1,675.33 dollars an ounce on the Shanghai gold exchange.

OIL
Oil continues a successful streak of gains, heading to its 7th week of success.
Crude for March delivery lost 13 cents, and traded at 95.82 dollars a barrel at 2:37 pm Singapore time, on the New York Mercantile Exchange.
Brent for March settlement lost 26 cents and traded at 113.02 dollars a barrel on the London based ICE Futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 28 JAN 2013

Currencies News from TradingForex

EUR/USD
The U.S. dollar had traded well against most of its peers at the start of this week, and it has gained against Europe’s shared currency, after last week’s loss when the Euro reached its highest level against the dollar since almost a year. The pair gained 0.03 percent trading at 1.3458.

USD/JPY
The U.S. dollar gained against most major currencies, and it reached its 2 and a half year high against the Japanese yen. Yesterday at 2:13 pm Tokyo time it traded at 91.03 a yen, adding 0.1 percent from last week. The pair traded at 91.08, gaining 0.18 percent.

AUD/USD
The Australian dollar fell against its American peer in trades, although expectations for the Australian currency for this year are still positive. The pair traded at 1.0428 in Asian trading, and is expected to find support at 1.0402 and resistance at 1.0552.

GBP/USD
Britain’s struggling currency was low against most of its peers including the U.S. dollar, the pair lost 0.16 percent and traded at 1.5772. It is expected to find support at 1.5747 and resistance at 1.5892.

Commodities News from TradingForex

GOLD
Gold has showed a sign of regaining its strength after some fails over the last week.
Gold futures for February delivery traded at 1,661.85 per troy ounce in Asian trading, on the New York Mercantile Exchange.

OIL
Oil did well with a streak of gains, and reached its four months high in New York.
Crude for March delivery gained 16 cents, and traded at 96.04 dollars a barrel at 2:31 pm Singapore time, on the New York Mercantile Exchange.
Brent for March settlement traded at 113.28 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 29 JAN 2013

Currencies News from TradingForex

EUR/USD

The dollar’s fortune turned around and it has fallen against most of its peers. It was at 1.3440 per euro at 3:03 pm Tokyo time. The dollar has increased 0.1 percent over the past month, while the euro has added 2.1 percent. The EUR/USD pair lost 0.05 percent and traded at 1.3450 in Asian trading.

USD/JPY

With a major drop against most currencies the United States dollar fell against the yen, and traded at 90.69 a yen, a 0.2 percent drop, while the yen increased by 0.3 percent after a long streak of fails, where over just the past month it fell 5.8 percent, the weakest among all major currencies. The USD/JPY pair climbed 0.12 percent in Asian trading and traded at 90.97, it is expected to find support at 88.06 and resistance at 91.25.

AUD/USD

The Australian dollar did better with a slight increase, and ignited hope that the Aussie still can beat its U.S. rival. The Australian dollar, U.S. dollar pair increased 0.25 percent in Asian trading, and traded at 1.0444.

GBP/USD

The British pound and U.S. dollar pair gained 0.06 percent and traded at 1.5705 in Asian trading, which is its lowest trade since the 20th of August 2012. The UK is now in consideration of refraining from its position in the European Union.

Commodities News from TradingForex

GOLD

Gold had a good trading day and it has risen changing its streak of losses.

Spot gold gained 0.3 percent and traded at 1,659.85 dollars an ounce at 10:2 am Singapore time. Gold for April delivery gained 0.4 percent and traded at 1,660.80 dollars an ounce on the Comex in New York.

OIL

Oil almost reached its four months high.

Crude for March delivery gained 28 cents, and traded at 96.72 dollars a barrel at 1:22 pm Singapore time, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 10 cents, and traded at 113.58 dollars a barrel on the London based ICE Futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex30 JAN 2013

Currencies News from TradingForex

EUR/USD

The dollar reached its lowest level against the Euro in over a year; it fell against all but one of the major currencies. At 5 pm New York time it traded at 1.3492 dollars per euro, its weakest level in over a year. The pair traded at 1.3478 a 0.17 percent increase and it is expected to find support at 1.3265 and resistance at 1.3496.

USD/JPY

The Japanese yen traded lower than most other currencies. It lost 0.2 percent against the dollar and traded at 90.20 per dollar at 2:39 pm Tokyo time. It is expected for the yen to lose up to 4.6 percent against the dollar for the whole of January. The U.S. dollar traded at 90.73 yen.

GBP/USD

After a streak of losses the British pound redeemed its five months low against the dollar. The pound gained 0.3 percent and at 4:30 pm London time it traded at 1.5741 dollars. So far this year the British pound is one of the two weakest currencies right above the Japanese yen. The pair traded at 1.5768 this morning, increasing 0.50 percent. It is expected to find support at 1.5673 and resistance at 1.5784.

Commodities News from TradingForex

GOLD

Gold for February delivery lost 3.50 dollars and traded at 1,652.90 dollars an ounce.

Spot gold traded at 1,664.11 dollars an ounce at 02:51 London time.

Gold prices have lost 1.3 percent this year so far.

OIL

Oil traded well reaching its four months high.

West Texas Intermediate for March delivery lost 5 cents and at 1:25 pm Singapore time traded at 97.52 dollars a barrel in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 6 cents and traded at 114.42 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 31 JAN 2013

Currencies News from TradingForex

EUR/USD

The dollar fell to its weakest level in over a year, against the euro. It lost 0.1 percent and traded at 1.3579 per euro at 6:10 am London time. During this month the euro has strengthened against the dollar by 2.8 percent, and it keeps doing so. It gained 0.5 percent since yesterday and at 9:45 am it traded at 1.3553 dollars per euro.

USD/JPY

The dollar fell further against most major currencies, but it advanced against the Japanese yen by 0.4 percent trading at 91.98 yen, after reaching its strongest level since June 2010 at 91.41. The pair lost 0.20 percent and traded at 90.91. It is expected to find support at 88.29 and resistance at 91.35.

GBP/USD

The British pound gained against the dollar, which has been falling. The British pound, U.S. dollar pair traded at 1.5796, a 0.21 percent increase, it is expected to find support at 1.5675 and resistance at 1.5892.

Commodities News from TradingForex

GOLD

Gold gained for a third consecutive day and reached its one week high.

Spot gold gained 0.2 percent and traded at 1,679.55 dollars an ounce at 1:13 pm Singapore time.

Bullion gained 1.2 percent and traded at its highest price since the 24th of the month, at 1,683.28 dollars an ounce.

Gold for April delivery lost 0.1 percent and traded at 1,680.40 dollars an ounce on the Comex in New York.

OIL

Oil reached its four months high.

Crude for March delivery lost 2 cents and traded at 97.92 dollars a barrel at 1:52 pm Singapore time in electronic trading on the New York Mercantile exchange.

Brent for March settlement gained 21 cents and traded at 115.11 dollars a barrel on the London based ICE Futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 1 Feb 2013

Currencies News from TradingForex

EUR/USD

The euro has gained against the dollar for the 6th consecutive month, making it its longest streak of gains since almost 10 years. It traded at 1.3579 dollars at 5 pm New York time. Expectations for the euro have turned positive and hopes are that the European currency will soon be leaving its crisis behind. The EUR/USD pair gained 0.2 percent and traded at 1.3605, it is expected to find support at 1.3427 and resistance at 1.3767.

USD/JPY

The yen reached its lowest in two and a half years against the dollar, losing 0.5 percent and traded at 92.20 per dollar at 1:52 pm Tokyo time. That happened after it had reached its weakest since June 2010 at 92.27.

AUD/USD

The U.S. dollar lost against the Australian dollar today, while Australia’s inflation seems to be weaker than expected. The pair traded at 1.0408, a 0.18 percent loss. It is expected to find support at 1.0391 and resistance at 1.0476.

GBP/USD

The British pound and United States dollar traded at 1.5861 a 0.03 percent increase. It is expected to find support at 1.5686, and resistance at 1.5874.

Commodities News from TradingForex

GOLD

China’s lowering manufacturing gauge, and slowing production has had a negative impact on gold over the past month.

Gold lost 0.8 percent its highest loss since the 24th of January.

Spot gold fell for the second day, losing 0.2 percent and traded at 1,661.45 dollars an ounce at 1:30 pm in Singapore.

Gold for April delivery traded at 1,662.10 dollars an ounce on the Comex in New York.

OIL

Oil did better than it has done in 8 years.

Crude for March delivery gained 6 cents, and traded at 97.55 dollars a barrel at 5:06 pm Sydney time, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 23 cents and traded at 115.78 dollars a barrel on the London based ICE futures Europe Exchange.

West Texas Intermediate futures gained for the 8th week, their highest since August of 2004.

 

[usman khan]

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[TradingForexDeema]

Daily Market News from TradingForex 4 Feb 2013

Currencies News from TradingForex

EUR/USD
The dollar had mixed successes and losses in its recent trading sessions, but patterns show that it may find itself at a decline. The European currency and U.S. dollar pair lost 0.11 percent in Asian trading, and traded at 1.3628.

USD/JPY
The yen broke its streak of loses and gained against the U.S. dollar. It added 0.1 percent and traded at 92.65 per dollar, after touching its weakest level since May 2010 on the 1st of February at 92.97. The pair lost 0.01 percent in Asian trading, and traded at 92.78, it is expected to find support at 91.59 and resistance at 93.63.

AUD/USD
The Australian dollar gained against its American peer, which happened in correlation with reports that showed that Australian approvals to build new homes fell last week. The Australian dollar, U.S. dollar pair traded at 1.0426 in Asian trading, a 0.15 percent increase. It is expected to find support at 1.0360 and resistance at 1.0474.

GBP/USD
The British pound rose against the U.S. dollar. The GBP/USD pair traded at 1.5701 in Asian trading, a 0.02 percent increase. It is expected to find support at 1.5689 and resistance at 1.5879.

Commodities News from TradingForex

GOLD
Gold futures for April delivery on the Comex lost 0.06 percent and traded at 1,669.55 per troy ounce.
Gold in Tokyo had a major shift, because the yen’s weakness helped boost yen based futures contracts .This however happened as the Japanese currency started to rise.
Bullion for December delivery rose 1.2 percent, and traded at 1,678 dollars an ounce on the Tokyo Commodity Exchange.

OIL
As big crude consumers China and the United States regain their currency’s levels oil continues with its success reaching its longest period of gains since over eight years.
Crude for March delivery lost 26 cents and traded at 97.71 dollars a barrel at 1:23 pm Singapore time in electronic trading on the New York Mercantile Exchange.
Brent for March Settlement lost 18 cents and traded at 116.58 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 5 Feb 2013

Currencies News from TradingForex

EUR/USD
The euro fell further against the U.S. dollar, it lost 0.1 percent and at 10:52 am Tokyo time it traded at 1.3504 dollars. The pair traded at 1.3496 in Asian trading a 0.14 percent increase. It is expected to find support at 1.3415 and resistance at 1.3711.

USD/JPY
The yen traded at 92.33 per dollar a 0.1 percent increase, at 1:50 pm Tokyo time. The dollar is expected to reach 94 yen for the first time in two years. The yen has been the weakest among major currencies this year with a 6.8 percent loss since the beginning of January.

AUD/USD
The Australian dollar lost 0.3 percent and at 4:50 pm Sydney time it traded at 1.0404 dollars, cancelling out its earlier 0.2 percent increase. The pair traded at 1.0424 in Asian trading losing 0.15 percent.

GBP/USD
The British pound U.S. dollar pair lost 0.06 percent and traded at 1.5754 in Asian trading.

Commodities News from TradingForex

GOLD
Gold futures for April delivery lost 0.15 percent and traded at 1673.95 dollars a troy ounce on the Comex. They are expected to find support at 1655.75 dollars and resistance at 1680.95 dollars.

OIL
After a streak of gains oil lost and fell to its lowest in a week.
Crude for March delivery lost 6 cents and traded at 96.11 dollars a barrel at 1:44 pm Singapore time in electronic trading on the New York Mercantile exchange.
Brent for March settlement lost 40 cents and traded at 115.20 dollars a barrel on the London based ICE futures Europe exchange.

 

[TradingForexDeema]

Daily Market News from TradingForex 7 Feb 2013

Currencies News from TradingForex

EUR/USD
The European currency fell against most other currencies. It lost 0.4 percent against the dollar, and At 6:57 am London time the Euro traded at 1.3533 dollars. It is expected for the euro to fall as low as 1.3180 dollars. The pair traded at 1.3514 a 0.06 percent decline.

USD/JPY
The dollar lost against its Japanese counterpart in today’s trading. The U.S. dollar and Japanese yen pair fell by 0.12 percent and traded at 93.53.

AUD/USD
Low employment in Australia continues to affect the currency, and it dropped to its weakest since November of last year. It fell against most of its peers including the U.S. dollar. It lost 0.6 percent and traded at 1.0324 in New York. The AUD/USD pair traded at 1.0312 a 0.08 percent decline. It is expected to find support at 1.0288 and resistance at 1.0400.

GBP/USD
The British pound, U.S dollar pair traded at 0.05 percent, at 1.5667.

Commodities News from TradingForex

GOLD
Gold futures for April delivery lost 0.01 percent and traded at 1,678.55 dollars per troy ounce, on the Comex. They are expected to find support at 1,668.85 and resistance at 1,683.75.

OIL
Crude for March delivery gained 27 cents and traded at 96.74 dollars a barrel at 1:58 pm Singapore time, after reaching 96.89 dollars, in electronic trading on the New York Mercantile Exchange.

Brent for March settlement gained 15 cents and traded at 116.88 dollars a barrel on the London based ICE futures Europe exchange.

In Asian trading on the NYMEX oil futures for March delivery gained 0.14 percent and traded at 96.75 dollars a barrel.

Brent Oil futures for January delivery lost 0.13 percent and traded at 116.76 dollars a barrel on the ICE futures exchange.