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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/CAD: Loonie hits 3-year high on the US jobs data
On Friday, for the 24 hours to 23:00 GMT, USD declined 0.55% against the CAD to close at 0.9641. The US Labor Department reported that the nonfarm payrolls in the March climbed 216,000, higher than expected, while the nation’s unemployment … Continue reading
Posted in USD/CAD
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AUD/USD: Pair trading just above its MA’s
On Friday, for the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 1.0385. Australia’s index of commodity prices increased 0.6% (M-o-M) in March, slower than a revised 1.4% rise in the previous month. New … Continue reading
Posted in AUD/USD
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Gold: Trading higher in Asian session
On Friday, Gold prices traded lower by 0.34% against the USD in the 24 hour period ending 23:00GMT, at 1428.10 per ounce, on upbeat US job data and after the US Federal Reserve official indicated that the central bank may … Continue reading
Posted in Gold
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Silver: Trading well above its MA’s
On Friday, Silver prices rose 0.48% to USD 37.78 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 38.05 per ounce, 0.71% higher, from 23:00GMT. The first level of short … Continue reading
Posted in Silver
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Crude Oil: Oil continue to move northwards on supply concerns
On Friday, Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 108.26, after the release of better than expected US jobs data and as Libyan leader Muammar Qaddafi’s forces regained ground against rebels. … Continue reading
Posted in Crude Oil
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Fed Hawkish
The dollar gained sharply on a hawkish headline attributed to Minneapolis Fed President Kocherlakota. Newswires claimed he signaled the possible need for up to 75bp worth of hikes before year-end. EURUSD traded 1.4154-1.4206, USDJPY 82.82-83.74. Continue reading
Posted in Market Snapshot
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EUR/USD: Euro rises on interest rate hopes, trading flat this morning
For the 24 hours to 23:00 GMT, EUR rose 0.29% against the USD and closed at 1.4161, after a report showed that inflation in the Eurozone rose more than expected, raising expectations that the European Central Bank would raise interest … Continue reading
Posted in EUR/USD
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GBP/USD: Trading flat in Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD and closed at 1.6034, after the UK banks reported an unexpected increase in mortgage defaults. According to the Bank of England’s latest Credit Conditions Survey, the default … Continue reading
Posted in GBP/USD
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USD/JPY: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.31% against the JPY and closed at 83.36. In Japan, on an annual basis, wage earners’ total cash earnings edged up 0.3% in February, rising for the 12th straight month. Housing … Continue reading
Posted in USD/JPY
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USD/CHF: Swiss Franc trading lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.9195. In Switzerland, the Swiss National Bank reported that current account indicated a surplus of CHF19.4 billion in 4Q FY2010, from a surplus of … Continue reading
Posted in USD/CHF
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USD/CAD: Canadian dollar advances amid surging oil prices, strong GDP data, trading flat this morning
For the 24 hours to 23:00 GMT, USD declined 0.21% against the CAD to close at 0.9694. In Canada, gross domestic product rose 0.5% in January, largely supported by manufacturing gains. Meanwhile, in the US, Labor Department reported that first-time … Continue reading
Posted in USD/CAD
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