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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 3, 2011
Trading signals for Wednesday 03-08-2011
Forex, Commodities and Index signals for Wednesday 03-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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AUDUSD remained under severe pressure
Global risk aversion continued to rise during the Asia session after a day of further sovereign spread widening inside the Eurozone, and a poor session for US stocks. EURUSD traded 1.4162-1.4223 and USDJPY traded 77.01-77.40. Continue reading
Posted in Market Snapshot
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USD/CAD: Loonie fell on risk aversion, trading flat in this morning
For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9616, as fears over the slowdown in the US economic recovery diminished appeal for high-yielding assets. On a monthly basis, the personal income in … Continue reading
Posted in USD/CAD
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AUD/USD: Australian dollar continues to fall, disappointing retail sales and trade data dampens investor sentiment
For the 24 hours to 23:00 GMT, AUD weakened 2.11% against the USD to close at 1.0741, after the Reserve Bank of Australia (RBA) decided to keep the cash rate on hold for at least another month. Australia’s central bank … Continue reading
Posted in AUD/USD
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USD/CHF: Greenback fell more than 2% against Swiss Franc, trading higher this morning
For the 24 hours to 23:00 GMT, USD declined 2.58% against the CHF and closed at 0.7652. Swiss franc soared high against dollar as investors shifted to safe-haven assets over raised concerns about the slowing US economic recovery coupled with … Continue reading
Posted in USD/CHF
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USD/JPY: Pair showing convergence with its MA’s
For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.28. In the US, on a monthly basis, the consumer expenditure declined 0.2% in June, compared to a revised 0.1% rise posted in the … Continue reading
Posted in USD/JPY
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GBP/USD: Pound slipped on IMF comments and poor UK construction data, trading flat this morning
For the 24 hours to 23:00 GMT, GBP fell 0.14% against the USD and closed at 1.6275, amid poor UK construction data. In the UK, construction Purchasing Managers’ Index (PMI) declined to a reading of 53.5 in July, following a … Continue reading
Posted in GBP/USD
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EUR/USD: Trading higher after yesterday’s fall, Euro-zone debt back on the agenda
For the 24 hours to 23:00 GMT, EUR declined 0.61% against the USD and closed at 1.4172, on speculation that the European Central Bank would signal an interest-rate hike at its meeting tomorrow. Further, the Euro was also pressurized by … Continue reading
Posted in EUR/USD
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Gold: Yellow metal surged on South Korea purchase, global slowdown concerns, back-pedals this morning
Gold prices traded higher by 2.56% against the USD in the 24 hour period ending 23:00GMT, at 1,657.95 per ounce, as concerns over a slowdown in global growth and Europe’s debt crisis spurred appeal for safe-haven assets. Gold prices also … Continue reading
Posted in Gold
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Silver: White metal continues to shine
Silver prices rose 3.73% to USD 40.65 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 40.74 per ounce, 0.22% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Crude Oil: Oil fell on demand concerns, trading higher this morning
Oil prices declined 2.18% against the USD for the 24 hour period ending 23:00GMT, closing at 93.19, as release of poor US consumer spending data, raised concerns over the fuel demand. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading
Posted in Crude Oil
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