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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 9, 2011
Trading signals for Tuesday 09-08-2011
Forex, Commodities and Index signals for Tuesday 09-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Risk aversion continues
Risk aversion rose further Monday in New York in response to Standard and Poor’s downgrade late Friday of the US’s long-term credit rating to AA+ from AAA. Continue reading
Posted in Market Snapshot
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Crude Oil: Continues to trade lower, Investors await the API oil inventory reports
Oil prices declined 4.50% against the USD for the 24 hour period ending 23:00GMT, closing at 80.61, on demand concerns. At GMT 0300, Oil is trading at USD77.46 per barrel in the Asian session, 3.91% lower from 23:00GMT. The pair … Continue reading
Posted in Crude Oil
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Silver: Retreats in the Asian session
Silver prices rose 0.87% to USD39.22 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD38.99 per ounce, 0.59% lower, from 23:00GMT. The first level of short term resistance on the … Continue reading
Posted in Silver
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USD/CAD: Canadian Dollar continues to fall
For the 24 hours to 23:00 GMT, USD rose 0.96% against the CAD to close at 0.9918. The Canadian dollar slipped to a six-week low yesterday as concerns of a global slowdown, brought on by S&P downgrading the US, dented … Continue reading
Posted in USD/CAD
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Gold: Gold rises to record as rating cut spurs buying
Gold prices traded higher by 2.20% against the USD in the 24 hour period ending 23:00GMT, at 1,721.40 per ounce, as investors sought safe haven in the yellow metal after Standard & Poor’s downgraded the US credit rating late on … Continue reading
Posted in Gold
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AUD/USD: AUD continues to decline on risk aversion
For the 24 hours to 23:00 GMT, AUD weakened 2.61% against the USD to close at 1.0146, as concerns over the slowing global growth dented investor sentiment. This morning, in Australia, the value of housing loans extended to owner-occupied homes, … Continue reading
Posted in AUD/USD
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USD/CHF: Swiss Franc spikes up on risk aversion
For the 24 hours to 23:00 GMT, USD declined 0.91% against the CHF and closed at 0.7542, as worries over the impact of Standard & Poor’s decision to downgrade US long-term debt boosted the demand for Swiss franc as a … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to advance after BoJ minutes
For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 77.55, amid concerns over a US economic slowdown following the downgrade of the US government’s credit rating on late Friday. In Japan, yesterday, the … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to trade lower this morning
For the 24 hours to 23:00 GMT, GBP fell 0.57% against the USD and closed at 1.6329. In the UK, the Royal Institution of Chartered Surveyors (RICS) indicated that the index measuring house prices advanced to -22.0 in July, from … Continue reading
Posted in GBP/USD
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EUR/USD: Euro weighed on concerns over a European solvency crisis, trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined 1.01% against the USD and closed at 1.4180. Even with the US credit downgrade and the European Central Bank aggressive bond buying of Italian and Spanish bonds, the euro lost ground … Continue reading
Posted in EUR/USD
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