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Monthly Archives: June 2011
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
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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
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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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Euro still seeking direction
The euro eventually came under pressure towards the end of the Asia session. But traffic was not all one-way – earlier, an unexpected rate hike from the Bank of Korea along with better-than-expected import data from China briefly kept risk appetite supported. EURUSD traded 1.4484-1.4551 and USDJPY 80.03-80.47. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude oil extends gains
Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 101.73, as OPEC on Wednesday decided to keep oil supplies unchanged. Further, oil climbed after the US trade deficit unexpectedly narrowed in April. At … Continue reading
Posted in Crude Oil
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Silver: Trading lower this morning, after a surge yesterday
Silver prices rose 2.34% to USD 37.62 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 37.58 per ounce, 0.11% lower, from 23:00GMT. The first level of short term resistance … Continue reading
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Gold: Gold rises on ECB’s interest rate cues
Gold prices traded higher by 0.48% against the USD in the 24 hour period ending 23:00GMT, at 1,542.90 per ounce, after the European Central Bank kept its interest rate unchanged but signaled a rate hike may be forthcoming next month. … Continue reading
Posted in Gold
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