Daily Archives: February 22, 2011

New Zealand hit by earthquake – Tensions in Libya increase

Risk appetite declined sharply during the Asia session as tensions in Libya increased, New Zealand was struck by another powerful earthquake, and Moody’s lowered the outlook on Japan’s sovereign rating from stable to negative. Sentiment was not helped by a sudden (but brief) 30-pip spike in USDJPY as the Asia session got underway. EURUSD has traded 1.3563-1.3685, and USDJPY 82.84-83.54. Continue reading

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Oil zooms, as Middle East protests continue

Oil prices advanced 5.72% against the USD for the 24 hour period ending 23:00GMT, closing at 91.44. Crude oil futures extended gains on Tuesday, as demonstrations continued in the Middle East and North Africa and key oil producers moved to … Continue reading

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Witnessing higher volatility

Silver prices rose 3.32% to USD 33.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 33.58 per ounce, 0.89% lower, from 23:00GMT. The first level of short term resistance … Continue reading

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Holding above the 1400 levels

Gold prices traded higher by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1,405.96 per ounce. In the Asian session at 4:00GMT, gold is trading at USD 1,404.76 per ounce, 0.09% lower from 23:00GMT. The pair … Continue reading

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Losing ground

For the 24 hours to 23:00 GMT, AUD weakened 0.47% against the USD to close at 1.0096. In the Asian session at 4:00GMT, the pair is trading at 1.0083, 0.13% lower from the New York session close. LME Copper prices … Continue reading

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USD recoups yesterday’s losses this morning

For the 24 hours to 23:00 GMT, USD declined 0.22% against the CAD to close at 0.9833. In the Asian session at 4:00GMT, the pair is trading at 0.9862, 0.29% higher from the New York session close. The first area … Continue reading

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Trading higher on dollar strength

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9471. In the Asian session, at 4:00GMT, the pair is trading at 0.9490, 0.20% higher from the New York session close. In Switzerland, M3 … Continue reading

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Awaiting data releases in Japan

For the 24 hours to 23:00 GMT, USD strengthened 0.06% against the JPY and closed at 83.14. In Japan yesterday, Ministry of Economy, Trade and Industry reported that All Industry Activity Index fell by 0.2% (M-o-M) in December 2010, following … Continue reading

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Trading below short term moving averages

For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.6226. The pair opened the Asian session at 1.6226, and is trading at 1.6166 at 4.00GMT. The pair is trading 0.37% lower from the … Continue reading

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Dollar higher, as Mideast tensions flare, despite robust Euro data

For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.3675. In the EU, service sector PMI came in at 57.2 in February & the manufacturing sector at 59.0. In Germany, service sector PMI … Continue reading

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