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Monthly Archives: March 2011
USD/CHF: Continues its rising trend
For the 24 hours to 23:00 GMT, USD rose 0.09% against the CHF and closed at 0.9263. In the US, consumer credit rose by $5 billion in January following a downwardly revised $4.1 billion increase in December. In the Asian … Continue reading
Posted in USD/CHF
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USD/JPY: Trading flat on mixed bag of economic data in Japan
For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 82.24. In Japan, yesterday, the leading index improved for a third month to 101.9 in January, the highest level since August 2006, while the … Continue reading
Posted in USD/JPY
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GBP/USD: Trading flat this morning, little reaction to UK economic data
For the 24 hours to 23:00 GMT, GBP fell 0.47% against the USD and closed at 1.6201. Dallas Fed President, Richard Fisher, stated that the Federal Reserve has done enough to get the economy back on solid footing and now … Continue reading
Posted in GBP/USD
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EUR/USD: Trading higher in the Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.16% against the USD and closed at 1.3971, as investors remained cautious, after Moody’s Investors Service downgraded Greek bond ratings to B1 from Ba1 and assigned a negative outlook. The agency … Continue reading
Posted in EUR/USD
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The dollar manages to claw back some ground lost on Friday
FX market activity was relatively subdued during the Asia session as investors sought a new post-payrolls theme. Despite the thin trade, the dollar managed to claw back some ground lost on Friday. EURUSD traded 1.3962-1.3999, USDJPY 82.15-82.39. Continue reading
Posted in Market Snapshot
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Crude Oil: Surges on Middle East unrest
Oil prices advanced 3.10% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 104.87. Oil futures surged as fighting in Libya continued to add to concerns that unrest could spread to other, nearby oil-producing states. … Continue reading
Posted in Crude Oil
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Silver: Continues to zoom higher, this morning
Silver prices rose 3.80% to USD 35.54 per ounce on Friday during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 36.20 per ounce, 1.86% higher, from 23:00GMT. The first level of short … Continue reading
Posted in Silver
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Gold: Continues to shine
Gold prices traded higher by 0.96% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,429.08 per ounce as investors continued to prefer it amid growing worries over the turmoil in the Middle East and North … Continue reading
Posted in Gold
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AUD/USD: AUD gives up Friday’s gains
For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD on Friday to close at 1.0149. In Australia, performance of construction index rose by 4.4 points to reach 44.6 in February 2011 from 40.2 in the previous … Continue reading
Posted in AUD/USD
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USD/CAD: Trading in a tight range
For the 24 hours to 23:00 GMT, USD declined 0.06% against the CAD on Friday to close at 0.9718. In Canada, Ivey PMI rose to 67.9 in February, following reading of 36.6 in the previous month. In the Asian session … Continue reading
Posted in USD/CAD
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USD/CHF: Trading flat, data on unemployment rate in Switzerland awaited
For the 24 hours to 23:00 GMT, USD declined 0.77% against the CHF on Friday and closed at 0.9249. In the US, nonfarm payroll employment rose by 192,000 jobs in February, less than market expectations, following an upwardly revised increase … Continue reading
Posted in USD/CHF
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