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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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Daily Archives: August 5, 2011
Trading signals for Friday 05-08-2011
Forex, Commodities and Index signals for Friday 05-08-2011 11:00 GMT
Posted in Trading Signals
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BoJ on hold
USDJPY continued to slip lower during the Asia session, as Japanese officials said they would now like to take some time to assess the impact of yesterday’s intervention. EURUSD traded 1.4055-1.4165, USDJPY 78.43-79.41. Continue reading
Posted in Market Snapshot
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AUD/USD: Australian dollar trading higher this morning, little reaction to RBA’s action
For the 24 hours to 23:00 GMT, AUD weakened 3.06% against the USD to close at 1.0432, as concerns over the US economy and the European sovereign debt crisis deepened. Today morning, the Reserve Bank of Australia (RBA) slashed its … Continue reading
Posted in AUD/USD
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USD/CAD: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD rose 2.06% against the CAD to close at 0.9808. In the Asian session at 3:00GMT, the pair is trading at 0.9780, 0.29% lower from yesterday’s close at 23:00 GMT. The first area … Continue reading
Posted in USD/CAD
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Crude Oil: Oil continues to tumble on global economy concerns
Oil prices declined 6.33% against the USD for the 24 hour period ending 23:00GMT, closing at 86.35, amid concerns over US economic recovery and European debt crisis. A strong dollar also weighed down the oil prices. At GMT 0300, Oil … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning after a sharp fall
Silver prices declined 6.25% to USD 38.97 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.25 per ounce, 0.72% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold fell on profit booking, trading higher this morning
Gold prices traded lower by 0.62% against the USD in the 24 hour period ending 23:00GMT, at 1,649.85 per ounce. In the Asian session at 3:00GMT, gold is trading at USD 1,652.13 per ounce, 0.14% higher from 23:00GMT. The pair … Continue reading
Posted in Gold
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USD/CHF: Trading lower in the Asian session, Swiss CPI awaited
For the 24 hours to 23:00 GMT, USD declined 0.60% against the CHF and closed at 0.7658. In the US, the initial jobless claims edged down to 400,000 for the week ended 30 July, from the previous week’s revised figure … Continue reading
Posted in USD/CHF
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USD/JPY: Yen plummets on intervention, trading higher this morning
For the 24 hours to 23:00 GMT, USD strengthened 2.87% against the JPY and closed at 79.33, as Japan intervened to curb yen’s gain. The Bank of Japan raised its total asset-purchase program to approximately ¥50 trillion, from ¥40 trillion … Continue reading
Posted in USD/JPY
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GBP/USD: Cementing gains
For the 24 hours to 23:00 GMT, GBP fell 1.24% against the USD and closed at 1.6228. The Monetary Policy Committee of the Bank of England (BoE) retained its key interest rate at 0.5%, in-line with market estimates. Additionally, the … Continue reading
Posted in GBP/USD
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EUR/USD: Euro slumps after ECB action
For the 24 hours to 23:00 GMT, EUR declined 2.00% against the USD and closed at 1.4066, after the European Central Bank (ECB) President Jean-Claude Trichet stated that he saw downside risks to the regional growth amid growing uncertainties surrounding … Continue reading
Posted in EUR/USD
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