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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 17, 2011
Trading signals for Wednesday 17-08-2011
Forex, Commodities and Index signals for Wednesday 17-08-2011 11:00 GMT
Posted in Trading Signals
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Merkel-Sarkozy press conference caused significant EUR/USD volatility
After yesterday’s rather uninspiring performance by the heads of government of France and Germany, investor attention will turn to the Swiss government, along with the SNB, to see whether measures will be announced to counter franc appreciation. Although no specific times or measures have been flagged, press reports point to a possible exchange rate floor. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trading higher, after losing ground yesterday
For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0430, after the release of the Reserve Bank of Australia (RBA) minutes. The Australian dollar fell against the greenback after the release of the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie depreciates on tipid European growth, crude oil decline, trading marginally higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.17% against the CAD to close at 0.9828. The Canadian dollar declined against the greenback as crude oil prices declined and European expansion slowed more than expected, raising concerns over a … Continue reading
Posted in USD/CAD
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GBP/USD: Pound strengthened after inflation came in above target – again, trading marginally lower this morning
For the 24 hours to 23:00 GMT, GBP rose 0.39% against the USD and closed at 1.6443, after a strong consumer price inflation data. In the UK, on an annual basis, the consumer price inflation rose to 4.4% in July, … Continue reading
Posted in GBP/USD
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USD/CHF: Swiss Franc fell ahead of decision by Switzerland, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 1.36% against the CHF and closed at 0.7948. Expectations that Switzerland authorities would resort to dramatic measures to weaken its currency sent the franc sharply lower Tuesday. However, mounting fears of … Continue reading
Posted in USD/CHF
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EUR/USD: Euro fell as EU debt crisis summit disappoints, trading flat this morning
For the 24 hours to 23:00 GMT, EUR declined 0.30% against the USD and closed at 1.4393, after summit talks between France and Germany failed to quell investor concerns over the future of the 17-nation eurozone. The German Chancellor, Angela … Continue reading
Posted in EUR/USD
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USD/JPY: Japanese Yen continues to trade higher
For the 24 hours to 23:00 GMT, USD weakened 0.10% against the JPY and closed at 76.78. In the Asian session at 3:00GMT, the pair is trading lower from yesterday’s close at 23:00 GMT, by 0.14%, at 76.67. The first … Continue reading
Posted in USD/JPY
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Crude Oil: Oil slips on weak global data, firm dollar
Oil prices declined 0.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.18, as concerns over global economic growth and a stronger dollar tempered risk appetite for risky assets. Crude oil prices fell on Tuesday, after … Continue reading
Posted in Crude Oil
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Silver: Continues to trade higher
Silver prices rose 0.50% to USD 39.90 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.94 per ounce, 0.10% higher, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold rises as euro zone debt concerns resurface, trading flat this morning
Gold prices traded higher by 1.03% against the USD in the 24 hour period ending 23:00GMT, at 1,784.15 per ounce, ahead of a summit between leaders from France and Germany on the euro zone debt crisis, though the precious metal … Continue reading
Posted in Gold
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