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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
Gold: Gold rebounds as Dollar retreats, trading lower this morning
Gold prices traded higher by 1.41% against the USD in the 24 hour period ending 23:00GMT, at 1,476.80 per ounce, as US dollar weakened. In the Asian session at 3:00GMT, gold is trading at USD 1,475.28 per ounce, 0.10% lower … Continue reading
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Silver: Trading above $42 per ounce in Asian session
Silver prices rose 4.24% to USD 42.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 42.25 per ounce, 0.02% lower, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Crude Oil: Crude oil pushes past $108 per barrel
Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 108.54, as the dollar fell and events in Libya caused fears over supply. At GMT 0300, Oil is trading at USD 108.15 per barrel … Continue reading
Posted in Crude Oil
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Slowdown in China
The dollar initially strengthened against the EUR and the AUD after the Monetary Authority of Singapore tightened policy by less than expected. However, the dollar’s gains were quickly erased at the end of the Asia session when local media sources unofficially released a batch of China data ahead of time. CPI was slightly stronger than expected which raises the risk of further policy tightening. However, new loan growth and retail sales were strong, suggesting little sign of a slowdown in China and helping to boost global risk appetite. Continue reading
Posted in Market Snapshot
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EUR/USD: Dollar steadies in Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.20% against the USD and closed at 1.4444. In the EU, on monthly basis, the industrial production rose by 0.4% in February from 0.2% rise in the previous month. The annual … Continue reading
Posted in EUR/USD
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GBP/USD: GBP edges higher; consumer confidence rises, jobless rate declines
For the 24 hours to 23:00 GMT, GBP rose 0.10% against the USD and closed at 1.6270. In the UK, the number of people claiming jobseeker’s allowance unexpectedly rose by 700 in March. The jobless rate unexpectedly declined to 7.8% … Continue reading
Posted in GBP/USD
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USD/JPY: Greenback trading lower this morning, Economic growth moderate but widespread: Fed’s Beige Book
For the 24 hours to 23:00 GMT, USD strengthened 0.26% against the JPY and closed at 83.77. The greenback paced gains, after a report showed that retail sales in the US improved more than expected in March. In the US, … Continue reading
Posted in USD/JPY
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USD/CHF: Pair trading flat in Asian session, Swiss producer and import price index rises in March
For the 24 hours to 23:00 GMT, USD declined 0.04% against the CHF and closed at 0.8957. In Switzerland, producer & import prices, on yearly basis, advanced by 0.4% in March from a 0.5% increase in February. In the US, … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie trading flat, as Bank of Canada keeps rates unchanged
For the 24 hours to 23:00 GMT, USD rose 0.03% against the CAD to close at 0.9628. The Bank of Canada, in its monetary policy report upgrades Canada’s growth forecast in 2011 to 2.9% from previous 2.4%, also revises GDP … Continue reading
Posted in USD/CAD
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AUD/USD: Pair showing convergence with its MA’s
For the 24 hours to 23:00 GMT, AUD strengthened 0.43% against the USD to close at 1.0493. In Australia, consumer inflation expectation decreased marginally to 3.5% in April 2011 following an increase of 3.6% in March. Additionally, on monthly basis, … Continue reading
Posted in AUD/USD
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Gold: Yellow metal continue to rise in Asian session
Gold prices traded higher by 0.27% against the USD in the 24 hour period ending 23:00GMT, at 1,456.28 per ounce, as decline in prices over the past two trading sessions lured buyers. In the Asian session at 3:00GMT, gold is … Continue reading
Posted in Gold
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