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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 shines on weak dollar, Europe jitters
Gold prices traded higher by 0.60% against the USD in the 24 hour period ending 23:00GMT, at 1,524.22 per ounce, on weakened US dollar and as continued debt concerns in the Euro zone spurred investors towards safe haven assets. In … Continue reading
Posted in Gold
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USD/CAD: Canadian Dollar slips in Asian session
For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 0.9767. In the US, the new home sales, on a seasonally adjusted basis, rose 7.3% to an annual rate of 323,000 in April, compared … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc a tad higher this morning
For the 24 hours to 23:00 GMT, USD declined 0.47% against the CHF and closed at 0.8801. In the US, the Richmond Federal Reserve Bank indicated that its seasonally adjusted composite index of manufacturing activity fell to a reading of … Continue reading
Posted in USD/CHF
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USD/JPY: Showing convergence with its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.21% against the JPY and closed at 82.09. The minutes of Bank of Japan’s (BoJ) latest meeting indicated that the sentiment on the BoJ’s board is for further credit easing and … Continue reading
Posted in USD/JPY
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GBP/USD: Pound marginally lower this morning, Moody’s puts banks on review
For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.6181. However, gains were capped after Moody’s Investors Service stated that it may lower the credit ratings of 14 British lenders and after a … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading lower in Asian session
For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.4098, despite another round of discouraging economic news from the euro zone. In the Euro zone, the industrial new orders, on monthly basis, declined … Continue reading
Posted in EUR/USD
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Euro slightly recovering
The euro staged a modest recovery during the Asia session after a failed attempt to break back below 1.40. EURUSD traded 1.4002-1.4081 and USDJPY 81.77-82.09. Continue reading
Posted in Market Snapshot
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Crude Oil: Trading higher this morning
Oil prices declined 2.66% against the USD for the 24 hour period ending 23:00GMT, closing at 96.95, as Europe’s sovereign-debt problems resurfaced thus fueling investors concerns about the global economic recovery. At GMT 0300, Oil is trading at USD 98.30 … Continue reading
Posted in Crude Oil
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Silver: Silver trading higher this morning
Silver prices declined 0.71% to USD 35.01 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 35.24 per ounce, 0.66% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Yellow metal continues to cement gains
Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1,515.08 per ounce, as concerns over European debt problems renewed, thus encouraging investors to look for safe-haven assets for investment. In the Asian … Continue reading
Posted in Gold
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AUD/USD: Aussie halts slide in Asian session
For the 24 hours to 23:00 GMT, AUD weakened 1.26% against the USD to close at 1.0499, amid poor Chinese manufacturing data. The Chinese HSBC manufacturing purchasing manager’s index declined to 51.1 in May from 51.8 in April. In the … Continue reading
Posted in AUD/USD
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