Monthly Archives: April 2011

USD/CHF: Swiss Franc declines on Finland’s bailout threat

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CHF and closed at 0.8952, on concern election gains for Finland’s euro-skeptic bloc would prevent efforts by the region’s leaders to assist debt-laden nations. In the Asian session, … Continue reading

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USD/CAD: Loonie remains lower in Asian session

For the 24 hours to 23:00 GMT, USD rose 0.47% against the CAD to close at 0.9643. The Canadian dollar softened against the greenback yesterday in a flight to safety as a squall of uncertainty, including Standard & Poor’s long-term … Continue reading

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AUD/USD: RBA minutes suggests more cautious policies, Australian Dollar weakens

For the 24 hours to 23:00 GMT, AUD weakened 0.71% against the USD to close at 1.0485. In Australia, minutes of the April meeting of the Reserve Bank of Australia’s monetary policy committee showed that members considered 4.75% key cash … Continue reading

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Gold: Yellow metal shines after S&P move, trading lower this morning

Gold prices traded higher by 0.73% against the USD in the 24 hour period ending 23:00GMT, at 1,495.40 per ounce, after Standard & Poor’s revised its outlook for US debt to ‘Negative’ from ‘Stable’. In the Asian session at 3:00GMT, … Continue reading

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Silver: Trading lower this morning

Silver prices rose 0.58% to USD 43.31 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 42.91 per ounce, 0.92% lower, from 23:00GMT. The first level of short term resistance … Continue reading

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Crude Oil: Crude down on US credit outlook, Saudi move

Oil prices declined 1.66% against the USD for the 24 hour period ending 23:00GMT, closing at 107.38, amid a broad selloff, as Standard & Poor’s revised its long-term credit outlook for the United States to ‘Negative’ and Saudi Arabia trimmed … Continue reading

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Finland’s election hits Euroland

The euro weakened after the euro-sceptic True Finns party won third place in Finland’s weekend election, raising doubts about whether a financial rescue of Portugal can go ahead as planned. EURUSD traded 1.4350-1.4450, and USDJPY 82.86-83.27 Continue reading

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EUR/USD: Euro under pressure on worries over debt problem

For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD, on Friday and closed at 1.4417, amid concern the European sovereign debt crisis is worsening and as policy makers stepped up efforts to cool inflation globally. The … Continue reading

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GBP/USD: Pair trading just below its MA’s

For the 24 hours to 23:00 GMT, GBP fell 0.21% against the USD, on Friday and closed at 1.6316. In the UK, house prices rose by 1.7% (M-o-M) in April from 0.8% rise in the previous month. In the US, … Continue reading

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USD/JPY: The Japanese yen extended its gain in the Asian session

For the 24 hours to 23:00 GMT, USD weakened 0.50% against the JPY, on Friday and closed at 83.21. In Japan, on Friday, on monthly basis, industrial production showed upwardly revised growth by 1.8% in February. Capacity utilization rose by … Continue reading

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USD/CHF: Greenback trading higher this morning

For the 24 hours to 23:00 GMT, USD declined 0.04% against the CHF, on Friday and closed at 0.8922. In the Asian session, at 3:00GMT, the pair is trading at 0.8937, 0.17% higher from the New York session close. The … Continue reading

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