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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: August 2011
Trading signals for Wednesday 31-08-2011
Forex, Commodities and Index signals for Wednesday 31-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Dollar quite soft
Risk markets continued to rally in Asia with the dollar softer versus G10 currencies, after a US session that was dominated by dovish FOMC minutes, which initially led the dollar gently lower, and pushed AUDUSD above 1.07 for the first time in almost four weeks. EURUSD traded 1.446-1.4414 and USDJPY 76.54-76.76. Continue reading
Posted in Market Snapshot
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USD/CAD: Canadian dollar dragged lower on poor economic data from Canada, trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 0.28% against the CAD to close at 0.9787. Loonie declined against the US dollar after the release of disappointing economic data from Canada and lingering European debt fears. In Canada, the … Continue reading
Posted in USD/CAD
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AUD/USD: Continues to trade higher
For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 1.0650, on the back of recent strength in equity markets, as investor sentiment rebounds. In the economic news, in the US, the conference board … Continue reading
Posted in AUD/USD
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USD/CHF: Pair trading between its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.39% against the CHF and closed at 0.8192. Swiss Franc declined against the greenback amid speculation that the Switzerland’s Central Bank would sustain its efforts to prevent the currency from strengthening. … Continue reading
Posted in USD/CHF
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EUR/USD: Euro slides as slew of factors fuels risk aversion
For the 24 hours to 23:00 GMT, EUR declined 0.58% against the USD and closed at 1.4435, after a weak reading on consumer sentiment reinforced concerns that the region’s economy would slow in the months ahead as political leaders struggle … Continue reading
Posted in EUR/USD
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USD/JPY: Yen continues to trade higher in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.27% against the JPY and closed at 76.72. In Japan, this morning, the industrial production rose 0.6% (M-o-M) in July, following a 3.8% rise in the previous month. The Shoko Chukin … Continue reading
Posted in USD/JPY
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GBP/USD: Pound weighed down by weak UK economic data, trading flat this morning
For the 24 hours to 23:00 GMT, GBP fell 0.64% against the USD and closed at 1.6304. In the UK, on a monthly basis, the money supply fell 0.1% in July, following a 0.4% drop recorded in the previous month. … Continue reading
Posted in GBP/USD
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Crude Oil: Oil trades above $88 per barrel
Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 88.53, as the Fed’s minutes released yesterday raised hopes for more US economic stimulus. Late Tuesday, the American Petroleum Institute reported that crude-oil inventories … Continue reading
Posted in Crude Oil
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Silver: Continues to trade higher
Silver prices rose 0.95% to USD 41.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 41.36 per ounce, 0.22% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold regains $1,800 level
Gold prices traded higher by 2.50% against the USD in the 24 hour period ending 23:00GMT, at 1,834.80 per ounce, on speculation that the Federal Reserve would ease monetary policy further to stimulate the economy, boosting the appeal for the … Continue reading
Posted in Gold
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