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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: April 2011
EUR/USD: ECB hikes interest rate, EUR trading higher in Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.4300, after the European Central Bank policy makers raised the benchmark interest rate to 1.25% from a record low 1%. European Central Bank (ECB) … Continue reading
Posted in EUR/USD
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GBP/USD: GBP trading higher in Asian session, BoE maintains its lending rate
For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6316, after the Bank of England’s (BoE) Monetary Policy Committee left its key lending rate unchanged at a record-low 0.5% and made no changes … Continue reading
Posted in GBP/USD
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USD/JPY: Japan posts ¥1.641 trillion current account surplus, Greenback trading higher this morning
For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 85.01. The current account surplus in Japan advanced to Â¥1.641 trillion in February, compared to a surplus of Â¥ 461.9 billion in January. Additionally, … Continue reading
Posted in USD/JPY
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USD/CHF: Greenback trading lower in Asian session, Investors awaiting Swiss unemployment data
For the 24 hours to 23:00 GMT, USD declined 0.22% against the CHF and closed at 0.9160. In the US, the total outstanding consumer credit increased by $7.62 billion in February, following a $4.45 billion increase in January. Richmond Fed … Continue reading
Posted in USD/CHF
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USD/CAD: Canadian dollar trading higher as crude oil price touched a 30-month high
For the 24 hours to 23:00 GMT, USD declined 0.09% against the CAD to close at 0.9591. CAD advanced as the country’s largest export, crude oil traded at a 30-month high, increasing demand for commodity-linked currencies. In economic news, the … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading higher this morning
For the 24 hours to 23:00 GMT, AUD strengthened 0.20% against the USD to close at 1.0454. In the US, initial jobless claims dropped to 382,000 in the week ended 2 April 2011, compared to the previous week’s revised figure … Continue reading
Posted in AUD/USD
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Gold: Yellow metal trading higher this morning
Gold prices traded lower by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1457.88 per ounce, after the European Central Bank hiked interest rates for the first time since 2008. In the Asian session at 3:00GMT, … Continue reading
Posted in Gold
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Silver: Silver trading above its MA’s
Silver prices rose 0.10% to USD 39.54 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened and amid news that an earthquake hit Japan’s devastated northeast coast on Thursday. In the Asian session at 3:00GMT, silver is … Continue reading
Posted in Silver
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Crude Oil: Oil moves northwards on IMF warning
Oil prices advanced 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 110.26, after the International Monetary Fund warned that demand is outpacing the growth of global supplies. Additionally, concerns over supply interruptions from the Middle … Continue reading
Posted in Crude Oil
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ECB Meeting on focus
The dollar drifted higher against most G10 currencies during the Asia session. AUDUSD was the exception however, hitting a new post-float high after a stronger-than-expected employment report. The euro showed no obvious ill effects from Portugal’s decision to request external financial assistance. Clearly, rate expectations continue to be the key driver of currencies, as market participants look ahead to the ECB meeting. EURUSD traded 1.4297-1.4343, USDJPY 85.11-85.50. Continue reading
Posted in Market Snapshot
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EUR/USD: Trading lower in Asian session, awaits European Central Bank rate decision
For the 24 hours to 23:00 GMT, EUR rose 0.76% against the USD and closed at 1.4329. In the Eurozone, on a sequential basis, the GDP rose 0.3% in the fourth quarter of 2010. Meanwhile, German factory orders advanced on … Continue reading
Posted in EUR/USD
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