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Monthly Archives: March 2011
Price action lacked conviction during the Asia session
Price action lacked conviction during the Asia session, although the dollar lost some ground against the euro. EURUSD traded 1.4116-1.4167 and USDJPY 82.57-83.21. Continue reading
Posted in Market Snapshot
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USD/JPY: Greenback gains on speculation global economic recovery picking up, trading lower in Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.84% against the JPY and closed at 83.10. In Japan, today morning, the Nomura/ JMMA Manufacturing Purchasing Manager Index declined to 46.4 in March from a reading of 52.9 in February. … Continue reading
Posted in USD/JPY
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EUR/USD: Euro edges up marginally on rate rise expectations
For the 24 hours to 23:00 GMT, EUR rose 0.06% against the USD and closed at 1.4120, after European Central Bank member, Lorenzo Bini Smaghi indicated that the ECB may hike rates in a series rather than just one-off rate … Continue reading
Posted in EUR/USD
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GBP/USD: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6068. In the UK, Gfk consumer confidence steadied at -28 in March, unchanged from the score recorded in the previous month The Confederation of … Continue reading
Posted in GBP/USD
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USD/CHF: Trading flat this morning
For the 24 hours to 23:00 GMT, USD declined 0.21% against the CHF and closed at 0.9185. In Switzerland, KOF Institute’s economic barometer showed a rise to a reading of 2.24 in March, the third consecutive monthly rise, from an … Continue reading
Posted in USD/CHF
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USD/CAD: Canadian dollar climbs as investors chase commodity currencies, trading flat in Asian session
For the 24 hours to 23:00 GMT, USD declined 0.29% against the CAD to close at 0.9714. In Canada, on a monthly basis, the industrial product prices rose by 0.7% in February, following a 0.4% rise recorded in the previous … Continue reading
Posted in USD/CAD
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AUD/USD: Australian dollar rises after retail sales data
For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 1.0313, after a government report showed retail sales in Australia increased more-than-forecasted in February. In Australia, building permits rises to -21.8% (Y-o-Y) in February … Continue reading
Posted in AUD/USD
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Gold: Yellow metal rises, Mideast unrest lends support
Gold prices traded higher by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1,423.00 per ounce, amid broad support from unrest in the Middle East and North Africa. In the Asian session at 3:00GMT, gold is … Continue reading
Posted in Gold
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Silver: Silver prices continue to rise in Asian session
Silver prices rose 1.11% to USD 37.43 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.66 per ounce, 0.61% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Crude Oil: Crude prices down after EIA data, trading higher this morning
Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 104.22, after a US government report showed sharp crude stocks rise. The Energy Information Administration, reported that the US crude oil inventories increased by … Continue reading
Posted in Crude Oil
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Portuguese second downgrade in less than a week
S&P downgraded Portugal to BBB-, the second downgrade in less than a week, and also cut Greece’s sovereign rating to BB- from BB+ Continue reading
Posted in Market Snapshot
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