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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
Gold: Yellow metal trading above $1525
Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,526.20 per ounce, benefitted from ongoing concerns over Greece’s debt and its implications for the euro zone. In the Asian session at 3:00GMT, … 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 weakened 0.20% against the USD to close at 1.0534. In Australia, the Australian private capital expenditure index, on quarterly basis, rose by 3.4% in the first quarter of 2011, following 1.3% increase … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading higher in Asian session
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9775, despite rise in crude oil prices, on Euro zone’s debt worries. In the US, the durable goods orders declined by 3.6% in April, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc cementing gains
For the 24 hours to 23:00 GMT, USD declined 0.89% against the CHF and closed at 0.8723. In the US, the mortgage application volume increased 1.1% for the week ended 20 May 2011 from one week earlier, as reported by … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen continues to trade lower
For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 82.00. The Bank of Japan Governor Masaaki Shirakawa, stated that the Japanese economy was already was showing signs of recovery from the March 11 … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading higher this morning, UK Q1 GDP growth confirmed at 0.5%
For the 24 hours to 23:00 GMT, GBP rose 0.61% against the USD and closed at 1.6280, as a report showed that the UK economy resumed growth in the first quarter on strong exports. In the UK, the index of … Continue reading
Posted in GBP/USD
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EUR/USD: EUR rebounds in the Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.11% against the USD and closed at 1.4083, as Greece’s sovereign debt situation remained unresolved. The European Central Bank Executive Board member, Juergen Stark, stated that the global imbalances remained a … Continue reading
Posted in EUR/USD
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Dollar advancing against the Euro
Risk appetite took a turn for the worse during the Asia session, allowing the dollar to advance against the euro, the AUD, and the NZD in particular. EURUSD traded 1.4025-1.4127 and USDJPY 81.82-82.17. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie erases gains this morning, amid talk of Greek election
For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 1.0555, as a rally in commodities and stocks boosted demand for higher-yielding assets. In Australia, the Westpac leading index remained at 0.5% March from … Continue reading
Posted in AUD/USD
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Crude Oil: Oil declines, after API reported surging gasoline supplies
Oil prices advanced 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 99.26, as Goldman Sachs Group Inc. and Morgan Stanley increased their price forecasts on crude oil on expectations of good demand. In the US, … Continue reading
Posted in Crude Oil
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Silver: Trading lower in Asian session
Silver prices rose 4.73% to USD 36.67 per ounce during the 24 hours ending 23:00GMT, as Euro zone debt concerns helped the white metal rebound. In the Asian session at 3:00GMT, silver is trading at USD 36.59 per ounce, 0.22% … Continue reading
Posted in Silver
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