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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 19, 2011
Trading signals for Friday 19-08-2011
Forex, Commodities and Index signals for Friday 19-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Risk sentiment still low
Asian markets traded on a very soft tone as global equities suffered amid renewed fears over the US economy and beyond. The particular weakness in the banking sector also shows investors are not yet convinced funding problems have been resolved. However, macro numbers were the driving force as a toxic mix of higher price pressures and weak employment statistics pointed to stagflation. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trading lower in the Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 0.23% against the USD to close at 1.0490. In the US, for the week ended 13 August 2011, initial jobless claims rose to 408,000, compared to the previous week’s revised figure … Continue reading
Posted in AUD/USD
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USD/JPY: Japan’s Noda hints intervention, Yen trading higher in the Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 76.65, amid fears on intervention by Japanese authorities. Yesterday, Japan’s Finance Minister, Yoshihiko Noda stated that he would continue to monitor the foreign exchange … Continue reading
Posted in USD/JPY
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USD/CAD: Pair trading marginally lower, investors awaits consumer price data in Canada
For the 24 hours to 23:00 GMT, USD rose 1.10% against the CAD to close at 0.9909. Canadian dollar declined against the greenback as lower commodity prices decreased the demand for the commodity linked currency. In Canada, on a monthly … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc fell amid rumours of SNB intervention in forwards, trading flat in Asian session
For the 24 hours to 23:00 GMT, USD rose 0.62% against the CHF and closed at 0.7944. The Swiss franc fell against the dollar on Thursday, amid rumours that the Swiss National Bank (SNB) was adding liquidity via the currency … Continue reading
Posted in USD/CHF
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EUR/USD: EUR rebounds in the Asian session
For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD and closed at 1.4311, amid rising fears that the European banking system is on the verge of a meltdown. With the region’s sovereign debt crisis unresolved despite … Continue reading
Posted in EUR/USD
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GBP/USD: UK’s retail sales growth slows more-than-expected, Pound trading flat this morning
For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD and closed at 1.6492. In the UK, the retail sales increased 0.2% (M-o-M) in July, against the market expectation of 0.3% rise in July. Additionally, on a … Continue reading
Posted in GBP/USD
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Crude Oil: Crude tumbles more than 6% on economic slowdown fears
Oil prices declined 6.76% against the USD for the 24 hour period ending 23:00GMT, closing at 81.53, as Morgan Stanley cut its forecast for global growth in 2011 yesterday, raising concerns about the oil demand. Global investment bank Morgan Stanley, … Continue reading
Posted in Crude Oil
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Silver: White metal continues to trades higher, as slowdown concerns grip global markets
Silver prices rose 0.92% to USD 40.61 per ounce during the 24 hours ending 23:00GMT, as concerns of a global economic slowdown gripped markets and the US macroeconomic reports gave such worries even more weight. In the Asian session at … Continue reading
Posted in Silver
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Gold: Gold rises to new records, breaks above $1,800 on growth concerns
Gold prices traded higher by 2.02% against the USD in the 24 hour period ending 23:00GMT, at 1,824.10 per ounce, after the US data pointed to a stalled economy, while renewed concerns over the health of European banks brought additional … Continue reading
Posted in Gold
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