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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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- 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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Monthly Archives: August 2011
ECB opens the door to a possible buy of bonds
FX markets got off to a shaky start in Asia after Standard and Poor’s downgraded the US long term credit rating from AAA to AA+ late on Friday evening. The outlook is negative and the ratings agency warned that further action could be taken in the next two years. USDCHF fell sharply to a new record low of 0.7480. Continue reading
Posted in Market Snapshot
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AUD/USD: Australian dollar slides on US rating downgrade
For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD, on Friday, to close at 1.0452. In the Asian session at 3:00GMT, the pair is trading at 1.0377, 0.72% lower from Friday’s close at 23:00 GMT, as … Continue reading
Posted in AUD/USD
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Crude Oil: Oil tumbled as US loses “AAA” rating
Oil prices advanced 1.00% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.21, amid better than expected US jobs data. At GMT 0300, Oil is trading at USD83.94 per barrel in the Asian session, … Continue reading
Posted in Crude Oil
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USD/CAD: Trading flat, after Friday’s rise
For the 24 hours to 23:00 GMT, USD rose marginally against the CAD, on Friday, to close at 0.9812. In the US, the non-farm payroll employment increased by 117,000 jobs in July, following an upwardly revised increase of 46,000 jobs … Continue reading
Posted in USD/CAD
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Silver: Weaker dollar boosts white metal in the morning session
Silver prices declined 1.90% to USD38.23 per ounce, on Friday, during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD40.13 per ounce, 4.97% higher, from 23:00GMT, as the dollar slipped in response to … Continue reading
Posted in Silver
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USD/CHF: Swiss Franc trading higher, investors await Swiss unemployment data
For the 24 hours to 23:00 GMT, USD rose 0.16% against the CHF, on Friday, and closed at 0.7670. In the US economic news, the consumer credit increased by $15.5 billion in June, the biggest gain since August 2007, following … Continue reading
Posted in USD/CHF
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Gold: Gold rose on safe haven appeal
Gold prices traded higher by 0.78% against the USD, on Friday, in the 24 hour period ending 23:00GMT, at 1,662.70 per ounce, amid concerns over deteriorating economic conditions in the US and Euro zone. In the Asian session at 3:00GMT, … Continue reading
Posted in Gold
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GBP/USD: British Pound up on economic data, trading higher this morning
For the 24 hours to 23:00 GMT, GBP rose 1.01% against the USD, on Friday, and closed at 1.6392. In the UK, the output price inflation, on an annual basis, rose to 5.9% in July, the highest since October 2008 … Continue reading
Posted in GBP/USD
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USD/JPY: Yen continues to rise against greenback
For the 24 hours to 23:00 GMT, USD weakened 1.21% against the JPY, on Friday, and closed at 78.37. In Japan, on Friday, the bank lending, on an annual basis, dropped 0.6% to ¥392.745 trillion in July. Meanwhile, the leading … Continue reading
Posted in USD/JPY
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EUR/USD: Euro rose on news that ECB would buy Italian debt
For the 24 hours to 23:00 GMT, EUR rose 1.51% against the USD, on Friday, and closed at 1.4278, after reports indicated that the European Central Bank (ECB) would commence purchasing Italian bonds in exchange for fiscal reforms. Late Friday, … Continue reading
Posted in EUR/USD
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Trading signals for Friday 05-08-2011
Forex, Commodities and Index signals for Friday 05-08-2011 11:00 GMT
Posted in Trading Signals
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