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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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Daily Archives: August 2, 2011
Trading signals for Tuesday 02-08-2011
Forex, Commodities and Index signals for Tuesday 02-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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US House of Representatives approved the bill to raise the debt ceiling
The US House of Representatives approved the bipartisan bill to raise the debt ceiling by a comfortable majority of 269-161. The currency reaction was extremely muted. EURUSD traded 1.4230-1.4283 and USDJPY 76.88-77.82. Continue reading
Posted in Market Snapshot
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Trading signals for Monday 01-08-2011
Forex, Commodities and Index signals for Monday 01-08-2011 11:00 GMT
Posted in Trading Signals
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Crude Oil: Oil rally loses steam
Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, after a report showed that the US manufacturing index fell more than expected in July. At GMT 0300, Oil is trading at USD … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning
Silver prices declined 1.26% to USD 39.19 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.59 per ounce, 1.02% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold gains, after ISM disappoints
Gold prices traded higher by 0.13% against the USD in the 24 hour period ending 23:00GMT, at 1,616.50 per ounce, as a weaker-than-expected reading on the US manufacturing raised appeal of the precious metal. In the Asian session at 3:00GMT, … Continue reading
Posted in Gold
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USD/JPY: Yen erases gains on intervention talk, trading flat this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.27% against the JPY and closed at 77.43, after speculation that the Japanese government would intervene in the currency market. Japan’s Nikkei newspaper reported that Japan’s government was planning to intervene … Continue reading
Posted in USD/JPY
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AUD/USD: Weak global manufacturing data weighed on Australian dollar, tad higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 1.0972, after the release of disappointing manufacturing data in the US and the UK. In Australia, this morning, the total number of building approvals … Continue reading
Posted in AUD/USD
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USD/CAD: Trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 0.19% against the CAD to close at 0.9555. Loonie weakened on concern that the US economy, the main destination for Canadian exports, is losing momentum amid downbeat manufacturing data. In the … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback declined against Swiss Franc on rating risk
For the 24 hours to 23:00 GMT, USD declined 0.65% against the CHF and closed at 0.7855, on investor concerns that a deal to raise the US borrowing limit would not be enough to avoid a downgrade to the country’s … Continue reading
Posted in USD/CHF
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GBP/USD: UK manufacturing dip drags Pound, trading higher in Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.75% against the USD and closed at 1.6298, amid poor UK manufacturing data. In the UK, the manufacturing Purchasing Managers’ Index (PMI) declined to a reading of 49.1 in July, following … Continue reading
Posted in GBP/USD
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