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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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Daily Archives: May 19, 2011
Japan’s GDP data dissapointing
Risk appetite rose steadily for most of the Asia trading session, but took a turn for the worse as the start of the European session drew near. USDJPY made some upward progress after the FOMC minutes helped keep US yields supported. EURUSD traded 1.4212-1.4306, USDJPY 81.38-81.81. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil climbs above $100
Oil prices advanced 1.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, on EIA report of US oil inventories data. In the US, the Energy Information Administration reported that commercial crude oil inventories supplies fell … Continue reading
Posted in Crude Oil
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Silver: White metal zooms ahead
Silver prices rose 3.10% to USD 35.21 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.57 per ounce, 1.02% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold advances on inflation fears
Gold prices traded higher by 0.58% against the USD in the 24 hour period ending 23:00GMT, at 1,495.90 per ounce, as investors bought precious metals after a recent selloff and as higher prices for other commodities highlighted lingering fears of … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher this morning
For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0627. Australia’s four largest banks’ credit ratings were cut one level to Aa2 by Moody’s Investors Service on concern their reliance on wholesale debt … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie advances for second day as commodities marches northwards
For the 24 hours to 23:00 GMT, USD declined 0.23% against the CAD to close at 0.9696, as rise in commodity prices including crude oil encouraged investors into riskier bets. In Canada, the wholesale sales increased by 0.1% in March, … Continue reading
Posted in USD/CAD
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USD/CHF: Pair trading below its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.22% against the CHF and closed at 0.8811. In the Asian session, at 3:00GMT, the pair is trading at 0.8788, 0.26% lower from the New York session close. The Federal Open … Continue reading
Posted in USD/CHF
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USD/JPY: Yen rises in Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.18% against the JPY and closed at 81.69, on poor Japanese economic data. In Japan, today morning, on a sequential basis, the GDP contracted 0.9% in the first quarter of 2011 … Continue reading
Posted in USD/JPY
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GBP/USD: Pound declined after BoE warns of risks to confidence and as unemployment rises, trading higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.54% against the USD and closed at 1.6162, as minutes from the Bank of England’s May 5 meeting showed the majority of policy makers warned against raising borrowing costs and after … Continue reading
Posted in GBP/USD
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EUR/USD: Euro rises range-bound, as Greece debt concerns loom
For the 24 hours to 23:00 GMT, EUR declined 0.10% against the USD and closed at 1.4256, after ECB officials ruled out a Greek debt restructuring. In the Euro Zone, construction output, on annual basis, fell by 4.9% in March … Continue reading
Posted in EUR/USD
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