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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: Dollar continues its downfall after Fed decision
For the 24 hours to 23:00 GMT, EUR rose 0.65% against the USD and closed at 1.4779, as the Federal Reserve left its interest rates unchanged at near-zero levels. In the Euro Zone, the industrial new orders, on monthly basis, … Continue reading
Posted in EUR/USD
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GBP/USD: Greenback extends losses after Fed renews low-rate pledge
For the 24 hours to 23:00 GMT, GBP rose 0.72% against the USD and closed at 1.6625. The greenback came under pressure, after the Federal Reserve renewed its commitment to low rates and asset purchases. In the UK, the gross … Continue reading
Posted in GBP/USD
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USD/JPY: Yen trading higher this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.95% against the JPY and closed at 82.23. In Japan, today morning, the industrial production, on monthly basis, dropped by 15.3% in March compared to an expansion of 1.8% in the … Continue reading
Posted in USD/JPY
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USD/CHF: Pair trading below its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.56% against the CHF and closed at 0.8752. In the US, The Federal Reserve kept the target range for the Federal funds rate in the range of 0.0% to 0.25% and … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie spikes in Asian session
For the 24 hours to 23:00 GMT, USD traded flat against the CAD to close at 0.9505. In the US, the durable goods orders increased by 2.5% in March following a revised 0.7% rise in the previous month. Additionally, the … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading higher in Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0859. LME Copper prices declined 1.1% or $107.3/MT to $9,348.3/ MT. Aluminium prices advanced 0.7% or $19.0/MT to $2,739.5/ MT. In the Asian session … Continue reading
Posted in AUD/USD
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Gold: Gold hits record after Fed says low rates to stay, trading lower this morning
Gold prices traded higher by 1.37% against the USD in the 24 hour period ending 23:00GMT, at 1,528.50 per ounce, as the Federal Reserve’s decision to continue to keep its key interest rate at an historic low range fueled concerns … Continue reading
Posted in Gold
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Silver: White metal soars on Fed comments
Silver prices rose 5.96 % to USD 48.38 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 48.42 per ounce, 0.08% higher, from 23:00GMT. The first level of short term … Continue reading
Posted in Silver
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Crude Oil: Oil climbs, after Fed holds ultra-low rates
Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 113.48, after the US Federal Reserve signaled no change in its monetary policy. In the US, the Energy Information Administration reported that the crude … Continue reading
Posted in Crude Oil
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Japan’s post-earthquake economic data continues to deteriorate
The dollar continued to weaken during the Asia session, ahead of today’s FOMC decision and the much anticipated inaugural post-meeting press conference. EURUSD traded 1.4626-1.4714, USDJPY 81.27-81.78. Continue reading
Posted in Market Snapshot
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EUR/USD: Greenback trading higher this morning
For the 24 hours to 23:00 GMT, EUR rose 0.71% against the USD and closed at 1.4683, on speculation that the Federal Reserve may loosen the monetary policy to support the US economy. In the Asian session, at 3:00GMT, the … Continue reading
Posted in EUR/USD
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