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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
USD/CHF: Pair trading sharply below its MA’s
For the 24 hours to 23:00 GMT, USD declined 0.26% against the CHF and closed at 0.9226. Atlanta Federal Reserve President Dennis Lockhart stated that the economic recovery is well underway, but that serious imbalances need to be corrected to … Continue reading
Posted in USD/CHF
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USD/CAD: Canada dollar declines as crude oil slips from 30-month high
For the 24 hours to 23:00 GMT, USD rose 0.36% against the CAD to close at 0.9666. Canadian dollar snapped a five-day rally against greenback, as crude oil prices declined, damping demand for higher-yielding currencies. The Bank of Canada in … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading lower on weak trade data
For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0365, after its trade balance in Australia unexpectedly swung to a deficit in February for the first time in almost a year. In Australia, … Continue reading
Posted in AUD/USD
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Gold: Yellow metal shines on inflation worry
Gold prices traded higher by 0.49% against the USD in the 24 hour period ending 23:00GMT, at 1435.38 per ounce, as concerns over inflation raised the investment demand for the precious metals. A weak dollar and expectation of a rate … Continue reading
Posted in Gold
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Silver: Trading lower this morning
Silver prices rose 2.27% to USD 38.71 per ounce during the 24 hours ending 23:00GMT, supported by strong investment demand and on expectations that industrial demand is also set to improve. In the Asian session at 3:00GMT, silver is trading … Continue reading
Posted in Silver
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Crude Oil: Trading flat in Asian session
Oil prices advanced 0.04% against the USD for the 24 hour period ending 23:00GMT, closing at 108.33, as unrest in the Middle East and North Africa kept investors worried over the supply concerns. At GMT 0300, Oil is trading at … Continue reading
Posted in Crude Oil
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Fresh gains on Commodity Currencies
Commodity currencies made fresh gains against the US dollar during the Asia session despite the general lack of news flow. AUDUSD broke 1.0400, and USDCAD also traded heavily on the back of M&A reports. EURUSD traded 1.4217-1.4268, and USDJPY 84.05-84.38. Continue reading
Posted in Market Snapshot
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EUR/USD: Trading flat this morning
On Friday, for the 24 hours to 23:00 GMT, EUR rose 0.50% against the USD and closed at 1.4232. Fitch Ratings downgraded Portugal’s long-term foreign and local currency issuer default ratings to BBB-, from A- and kept the ratings on … Continue reading
Posted in EUR/USD
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GBP/USD: Pair trading slightly above its MA’s
On Friday, for the 24 hours to 23:00 GMT, GBP rose 0.49% against the USD and closed at 1.6112. The purchasing managers’ index for the manufacturing sector in the UK declined to a five month low of 57.1 in March, … Continue reading
Posted in GBP/USD
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USD/JPY: Greenback trading higher after upbeat US jobs report
On Friday, for the 24 hours to 23:00 GMT, USD strengthened 0.85% against the JPY and closed at 84.07. Automobile Dealers Association reported that annual automobile sales in Japan fell 37.0% in March to 279,389. The Minneapolis Federal Reserve Bank … Continue reading
Posted in USD/JPY
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USD/CHF: Trading flat in Asian session
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.42% against the CHF and closed at 0.9234. In Switzerland, retail sales were up 3.8% (M-o-M), compared to a 2% drop in January. On an annual basis, real retail … Continue reading
Posted in USD/CHF
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