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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: September 20, 2011
Trading signals for Tuesday 20-09-2011
Forex, Commodities and Index signals for Tuesday 20-09-2011 11:00 GMT Continue reading
Posted in Trading Signals
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S&P downgraded Italy’s long-term debt
S&P downgraded Italy’s long-term debt by one notch overnight, from A+ to A, on expectations of weak growth. It also cited the country’s fragile politics as a hindrance to its ability to reduce debt. The outlook on debt remains negative. Continue reading
Posted in Market Snapshot
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USD/CAD: Canadian dollar dropped on risk aversion, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 1.25% against the CAD to close at 0.9940. Canadian dollar declined sharply against the greenback as renewed concerns over the Greece debt concerns diminished the appeal for high-yielding assets. In the … Continue reading
Posted in USD/CAD
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AUD/USD: Aussie continues to fall on European woes
For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0263, as investor sentiment dented over more disappointing attempts by European policymakers to solve their deteriorating sovereign debt crisis. This morning, the minutes of … Continue reading
Posted in AUD/USD
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USD/CHF: Swiss Franc trading higher ahead of trade balance data in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.8861. In the Asian session, at 3:00GMT, the USD is trading at 0.8860, slightly lower versus Swiss Franc, from yesterday’s close at 23:00 GMT. … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading higher after Japan keeps economic assessment unchanged in monthly report
For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.59. In the US, the homebuilder confidence index dropped to 14.0 in September, compared to 15.0 in August. This morning, in a monthly report, … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading flat, awaits UK consumer confidence data
For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.5660. The Bank of England stated that its bond-purchase plan had “economically significant” effects on Britain’s financial system, though the impact of future purchases … Continue reading
Posted in GBP/USD
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EUR/USD: Euro backpedals on Greece concerns, S&P’s Italy downgrade, trading flat this morning
For the 24 hours to 23:00 GMT, EUR declined 0.73% against the USD and closed at 1.3604, after Standard & Poor’s downgraded Italy’s credit rating. Euro was also pressurized over concerns that Greece would default on its debt obligations. In … Continue reading
Posted in EUR/USD
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Crude Oil: Oil slumps as eurozone concerns dominate, trading higher this morning
Oil prices declined 2.49% against the USD for the 24 hour period ending 23:00GMT, closing at 85.11, after Standard & Poor’s cut Italy’s credit rating, raising concerns that the fuel demand would falter. Also, the worsening Greece debt crisis further … Continue reading
Posted in Crude Oil
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Silver: Trading below its MA’s
Silver prices declined 2.72% to USD 39.61 per ounce during the 24 hours ending 23:00GMT. In the Asian session at 3:00GMT, silver is trading at USD 39.54 per ounce, 0.18% lower, from 23:00GMT. The first level of short term resistance … Continue reading
Posted in Silver
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Gold: Yellow metal trading lower
Gold prices traded lower by 2.19% against the USD in the 24 hour period ending 23:00GMT, at 1,783.07 per ounce, amid profit booking. In the Asian session at 3:00GMT, gold is trading at USD 1,781.49 per ounce, marginally lower from … Continue reading
Posted in Gold
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