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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 25, 2011
Trading signals for Thursday 25-08-2011
Forex, Commodities and Index signals for Thursday 25-08-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Growth concerns continue
Ahead of Friday’s Jackson Hole speech risk sentiment appears to have very little underlying momentum. Down days are immediately squared up the next. Even though fresh liquidity is by no means a given, the market is struggling to come to terms with not just whether fresh QE is on the cards, but also what kind of a signal it may send as the marginal impact of additional liquidity appears to be waning. 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 weakened 0.50% against the USD to close at 1.0458. In the Asian session at 3:00GMT, the pair is trading at 1.0443, 0.14% lower from yesterday’s close at 23:00 GMT. LME Copper prices … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar rises in line with improving risk appetite, trading flat this morning
For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9872. The Canadian dollar strengthened versus US dollar yesterday, as investors favoured riskier assets ahead of Federal Reserve Chairman, Ben Bernanke’s statement on Friday. … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback climbed after US durable orders jump, trading lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.35% against the CHF and closed at 0.7958, as concerns over the weakening US economy eased after US data indicated a rise in durable-goods orders. In the US, durable goods orders … Continue reading
Posted in USD/CHF
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Gold: Yellow metal dips on Fed concerns, trading higher this morning
Gold prices traded lower by 4.85% against the USD in the 24 hour period ending 23:00GMT, at 1,747.58 per ounce, losing its shine, as strong US economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the … Continue reading
Posted in Gold
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USD/JPY: Yen declines on Japan’s new $100 billion fund, trading higher this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.33% against the JPY and closed at 77.00, after Japanese officials introduced a new $100 billion fund intended to curtail the currency’s persistent strength. In the US, on a seasonally adjusted … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continued to trade lower this morning, UK’s consumer confidence drops
For the 24 hours to 23:00 GMT, GBP fell 0.76% against the USD and closed at 1.6367. In the UK, the Nationwide’s consumer confidence index retreated to 49.0 in July, compared to 51.0 in June. The pair opened the Asian … Continue reading
Posted in GBP/USD
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Silver: Trading higher in Asian session
Silver prices declined 6.04% to USD39.65 per ounce during the 24 hours ending 23:00GMT, on profit booking. In the Asian session at 3:00GMT, silver is trading at USD39.94 per ounce, 0.73% higher, from 23:00GMT. The first level of short term … Continue reading
Posted in Silver
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EUR/USD: Euro edges lower
For the 24 hours to 23:00 GMT, EUR declined 0.15% against the USD and closed at 1.4409, after another round of downbeat economic data in Europe dented investor sentiment. New industrial orders in the Euro-zone declined unexpectedly by 0.7% (MoM) … Continue reading
Posted in EUR/USD
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Crude Oil: Continues to trade lower
Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 85.48. The US Energy Information Administration (EIA) reported that crude oil inventories declined by 2.2 million barrels for the week ended August 19. Gasoline … Continue reading
Posted in Crude Oil
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