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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 24, 2011
Trading signals for Wednesday 24-08-2011
Forex, Commodities and Index signals for Wednesday 24-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Japan downgraded
Risk appetite took a knock during Asian hours as Japan was downgraded by Moody’s. The step was merely catching up to other ratings agencies, but nonetheless reminded markets the stakes of the fiscal adjustment faced by many developed countries. Growth worries are the other recurring theme and investors have clearly started to see each weak incoming release as providing further incentive for Fed Chairman Bernanke to give a nod towards QE3 at Jackson Hole on Friday. Continue reading
Posted in Market Snapshot
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USD/CAD: Canadian dollar rose on upbeat Canadian retail sales data, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.24% against the CAD to close at 0.9882. Canadian dollar rose after retail sales in Canada increased 0.7% (M-o-M) in June, from 0.3% in May. The Bank of Canada Deputy Governor, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc slides against greenback
For the 24 hours to 23:00 GMT, USD rose 0.46% against the CHF and closed at 0.7930. In Switzerland, the trade surplus rose to CHF 2.82 billion in July, compared to a trade surplus of CHF 1.77 billion recorded in … Continue reading
Posted in USD/CHF
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AUD/USD: Pair trading between its MA’s
For the 24 hours to 23:00 GMT, AUD strengthened 0.82% against the USD to close at 1.0489. The Reserve Bank of Australia’s Deputy Governor, Ric Battellino, stated that inflation remains a big concern for policy makers. Additionally, this morning, the … Continue reading
Posted in AUD/USD
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USD/JPY: Japanese yen continues to trade higher this morning; Japan debt rating cut to Aa3
For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 76.75. In the economic news, this morning, the corporate service price index in Japan declined 0.5% (Y-o-Y) in July, following a 0.8% decline in … Continue reading
Posted in USD/JPY
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GBP/USD: Pound retreats in the Asian session
For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6493. In the UK, the British Bankers’ Association (BBA) reported that the number of mortgage approvals for house purchases rose to 33,417 in July, … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading lower in Asian session
For the 24 hours to 23:00 GMT, EUR rose 0.49% against the USD and closed at 1.4431. In the economic news, the manufacturing Purchasing Managers’ Index (PMI) in the Euro-zone declined to a reading of 49.7 in August, compared to … Continue reading
Posted in EUR/USD
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Crude Oil: Oil rose on Fed stimulus optimism, trading lower this morning
Oil prices advanced 1.79% against the USD for the 24 hour period ending 23:00GMT, closing at 85.64, after a report showed a decline in the crude stockpiles. Crude-oil also rallied, extending their gains to a second session on a triple-digit … Continue reading
Posted in Crude Oil
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Silver: Continues to trade lower in Asian session
Silver prices declined 4.05% to USD 42.20 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 42.16 per ounce, 0.09% lower, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Gold falls as investor’s cash in gains, trading higher this morning
Gold prices traded lower by 3.64% against the USD in the 24 hour period ending 23:00GMT, at 1,836.61 per ounce, as investors booked profit in anticipation of CME Group raising its margin requirements. Fresh gains in equity markets also took … Continue reading
Posted in Gold
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