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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: May 2011
AUD/USD: Aussie recovers after RBA statement
For the 24 hours to 23:00 GMT, AUD weakened 1.39% against the USD to close at 1.0603, amid fall in commodities and as Australian retail sales for March, unexpectedly declined. In Australia, the Bureau of Statistics reported that the nation’s … Continue reading
Posted in AUD/USD
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Gold: Yellow metal regains its shine in Asian session
Gold prices traded lower by 3.02% against the USD in the 24 hour period ending 23:00GMT, at 1472.18 per ounce, amid stronger dollar.. In the Asian session at 3:00GMT, gold is trading at USD1488.83 per ounce, 1.13% higher from 23:00GMT. … Continue reading
Posted in Gold
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Silver: Silver Slumps on dollar rally, margin hikes and amid heavy sell-offs, trading higher in Asian session
Silver prices declined 11.72% to USD34.64 per ounce during the 24 hours ending 23:00GMT, after the CME Group, owner of Comex and Nymex, late Wednesday, announced fourth and fifth increase in margin requirements since 26 April 2011. In the Asian … Continue reading
Posted in Silver
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Crude Oil: Oil limits its losses in Asian session
Oil prices declined 8.05% against the USD for the 24 hour period ending 23:00GMT, closing at 99.89, amid fears of lower-than-expected global economic growth and amid a stronger dollar. At GMT 0300, Oil is trading at USD100.58 per barrel in … Continue reading
Posted in Crude Oil
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Europe’s Debt Dissected
Public deficit data for 2010 indicates that if growth in the European Union returns to trend, the deficit will be 2.5ppt too high to stabilise the debt-to-GDP ratio, meaning public finances are unsustainable without fiscal tightening. While countries such as Finland and Germany are on relatively safe ground, France, Greece, Portugal, Spain and the UK require a severe adjustment that could hurt growth for years. Then there’s Ireland, which is 23.5ppt away from stabilising its debt-to-GDP ratio. Continue reading
Posted in Market Snapshot
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EUR/USD: Portugal bailout details boost Euro
For the 24 hours to 23:00 GMT, EUR rose 0.03% against the USD and closed at 1.4829. The EUR gained, as investors welcomed the €78 billion (£70 billion) bailout agreed for Portugal on Tuesday night, with hope that the deal … Continue reading
Posted in EUR/USD
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GBP/USD: GBP/USD rises further, approaches 1.6520
For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6496. In the UK, the M4 money supply declined by 1.1% (Y-o-Y) in March, compared to a revised 1.4% decline posted in February. The … Continue reading
Posted in GBP/USD
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USD/JPY: Yen Continues to trade higher in Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.48% against the JPY and closed at 80.63, following release of weaker-than-expected employment data in the US and an unexpected fall in the US non-manufacturing PMI. In the US, Automatic Data … Continue reading
Posted in USD/JPY
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USD/CHF: Swissy trading higher this morning
For the 24 hours to 23:00 GMT, USD declined 0.07% against the CHF and closed at 0.8611, amid ongoing speculation that Switzerland’s central bank might raise interest rates to maintain price stability. In the Asian session, at 3:00GMT, the pair … Continue reading
Posted in USD/CHF
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USD/CAD: Loonie trading lower, as commodity prices retreated
For the 24 hours to 23:00 GMT, USD rose 0.58% against the CAD to close at 0.9581, as commodity prices declined. In the US, the Dallas Federal Reserve Bank President Richard Fisher stated that he expects to argue for a … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie trading lower on economic data
For the 24 hours to 23:00 GMT, AUD weakened 0.88% against the USD to close at 1.0752. Australian dollar remained under pressure, on speculation that the Australian policy makers would maintain their interest rates till the end of third quarter, … Continue reading
Posted in AUD/USD
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