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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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Monthly Archives: March 2011
Gold: Gold rallies on Middle East unrest, softer dollar
Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1,426.50 per ounce, as conflict in Libya and nuclear crisis in Japan encouraged investors to choose precious metals as investment hedger. In the … Continue reading
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Silver: Trading higher this morning
Silver prices rose 1.12% to USD 36.05 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 4:00GMT, silver is trading at USD 36.20 per ounce, 0.42% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Crude Oil: Trading flat this morning
Oil prices declined 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 102.35. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. At GMT 0400, Oil is trading at … Continue reading
Posted in Crude Oil
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Risk sentiment has improved
Risk sentiment has improved early Monday, mainly on signs of further progress at a crippled Japanese nuclear plant, with US Energy Secretary Steven Chu saying that the Obama administration believes the worst of Japan’s nuclear crisis is over. As a result US stock futures are trading 0.7% higher. EURUSD traded in a 1.4160-1.4181 range overnight and USDJPY traded 80.73-81.04. Continue reading
Posted in Market Snapshot
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EUR/USD: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, EUR rose 1.19% against the USD on Friday and closed at 1.4180. On a seasonally adjusted basis, the trade deficit in the Euro-zone widened to €3.3 billion in January from trade deficit of … Continue reading
Posted in EUR/USD
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GBP/USD: GBP trading lower this morning
For the 24 hours to 23:00 GMT, GBP rose 0.65% against the USD on Friday and closed at 1.6230. In the UK, the Rightmove House Price Index rose by 0.8% (M-o-M) in March from 3.1% increase in February. The pair … Continue reading
Posted in GBP/USD
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USD/JPY: Gopher rises steadily after the G7 intervention
For the 24 hours to 23:00 GMT, USD strengthened 1.79% against the JPY on Friday and closed at 80.58, as G7 countries agreed to take steps to curb the Yen’s post earthquake rise. In Japan, on Friday, leading index stood … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss Franc continues to trade lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.28% against the CHF on Friday and closed at 0.9006. In Switzerland, producer and import price index rose by 0.2% (M-o-M) in February from a 0.1% rise in January. In the … Continue reading
Posted in USD/CHF
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USD/CAD: Pair showing convergence with its MA’s
For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD on Friday to close at 0.9839 . On an annual basis, the consumer price index (CPI) in Canada rose 2.2% in February, following a 2.3% increase posted … Continue reading
Posted in USD/CAD
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AUD/USD: AUD trading higher in Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 1.71% against the USD on Friday to close at 0.9952. In the Asian session at 4:00GMT, the pair is trading at 1.0003, 0.51% higher from the New York session close. LME … Continue reading
Posted in AUD/USD
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Gold: Yellow metal continues to shine this morning
Gold prices traded higher by 0.85% against the USD on Friday in the 24 hour period ending 23:00GMT, at 1,418.61 per ounce, as global uncertainty continued to unnerve investors. In the Asian session at 4:00GMT, gold is trading at USD … Continue reading
Posted in Gold
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