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Daily Archives: June 13, 2011
The Euro stabilizes
It was a relatively quiet Asia session with Australia on holiday. This allowed the euro to stabilise after Friday’s heavy fall. But the euro is clearly not out of the woods yet. Even if fresh cash for Greece is forthcoming concern is running high over how ratings agencies will respond to any private sector involvement. Whether the ECB may be forced to exclude Greek bonds as eligible collateral is another unknown. Finally there is continued anxiety over whether a credit event might be triggered accidentally. EURUSD traded 1.4300-1.4358 and USDJPY 80.19-80.69. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil declined on Friday over Saudi Arabia’s plan to increase production
Oil prices declined 2.75% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.93, as a Saudi newspaper reported that Saudi oil officials had decided to increase production to 10 million barrels a day in … Continue reading
Posted in Crude Oil
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GBP/USD: Pound declined on Friday, amid poor industrial and manufacturing data
For the 24 hours to 23:00 GMT, GBP fell 0.85% against the USD, on Friday, and closed at 1.6226. In the UK, the industrial production, on monthly basis, declined by 1.7% in April, following a 0.2% increase in March. The … Continue reading
Posted in GBP/USD
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Silver: Trading below its MA’s
Silver prices declined 4.01% to USD 36.11 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 36.14 per ounce, 0.08% higher, from Friday’s close at 23:00GMT. The first … Continue reading
Posted in Silver
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Gold: Trading steady this morning
Gold prices traded lower by 0.74% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,531.50 per ounce, as the greenback strengthened. In the Asian session at 3:00GMT, gold is trading at USD 1,531.60 per ounce, … Continue reading
Posted in Gold
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USD/CHF: Continues its upward journey
For the 24 hours to 23:00 GMT, USD rose 0.26% against the CHF, on Friday, and closed at 0.8436. In the US, the import price index, on a monthly basis, rose by 0.2% in May, the eighth consecutive monthly gain, … Continue reading
Posted in USD/CHF
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USD/CAD: Trading lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.62% against the CAD, on Friday, to close at 0.9791, amid poor Canadian jobs data, decline in oil prices and concerns over the global economic recovery. The Canadian economy added 22,000 … Continue reading
Posted in USD/CAD
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USD/JPY: Yen declines this morning amid BoJ speculation
For the 24 hours to 23:00 GMT, USD weakened 0.04% against the JPY, on Friday, and closed at 80.29, after the Japanese tertiary sector activity rebounded in May. In Japan, on Friday, the tertiary industry activity index improved to 2.6% … Continue reading
Posted in USD/JPY
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AUD/USD: Trading just below the 50 Hr MA
For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD, on Friday, to close at 1.0535. In the Asian session at 3:00GMT, the pair is trading at 1.0542, 0.07% higher from Friday’s close at 23:00 GMT. LME … Continue reading
Posted in AUD/USD
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EUR/USD: Euro stable this morning, after earlier losses on Greece concerns
For the 24 hours to 23:00 GMT, EUR declined 1.14% against the USD, on Friday, and closed at 1.4348, on persistent uncertainty over the Greek debt crisis. In Germany, the wholesale price inflation, on monthly basis, remained unchanged in May, … Continue reading
Posted in EUR/USD
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