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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: October 6, 2011
Trading signals for Thursday 06-10-2011
Forex, Commodities and Index signals for Thursday 06-10-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Focus on ECB’s rate announcement and press conference today
Risk sentiment has been firm in Asia, mainly on the back of yesterday’s better-than-expected US data and hopes that Eurozone policymakers will step up efforts to recapitalise the banking sector. For instance, German Chancellor Merkel said the state would step in if banks cannot recapitalize on their own. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie continues its upward journey
For the 24 hours to 23:00 GMT, AUD strengthened 0.85% against the USD to close at 0.9566. In the Asian session, at GMT0300, the pair is trading at 0.9632, with the AUD trading 0.69% higher from the New York close. … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar trading lower; market awaits Ivey PMI data in Canada
For the 24 hours to 23:00 GMT, USD declined 1.15% against the CAD to close at 1.0416. In the US, the Institute for Supply Management reported that its non-manufacturing index declined to 53.0 in September, compared to 53.3 posted in … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc declines as markets speculate SNB’s next move
For the 24 hours to 23:00 GMT, USD rose 0.41% against the CHF and closed at 0.9232, over speculation that the Swiss government may change the current cap of 1.20 Francs against the Euro to move it to 1.30 Francs … Continue reading
Posted in USD/CHF
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USD/JPY: Yen extended its gains in the Asian session
For the 24 hours to 23:00 GMT, USD weakened slightly against the JPY and closed at 76.78. In the US, the mortgage applications decreased 4.3%, for the week ending September 30 compared to 9.3% rise in the previous week. In … Continue reading
Posted in USD/JPY
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GBP/USD: Pound down this morning ahead of BoE interest rate decision
For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5465. Pound was initially pressurized, after a report showed that the economic growth slowed more than the market expectations in the last quarter, increasing … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advanced on expectations of firewall for the banks, trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3345, amid speculation that European leaders would step up efforts to aid the region’s banks in a bid to resolve the debt crisis. German … Continue reading
Posted in EUR/USD
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Gold: Yellow metal continues to shine in Asian session
Gold prices traded higher by 1.00% against the USD in the 24 hour period ending 23:00GMT, at 1,642.43 per ounce, as a sharp decline in prices in the previous session, spurred investors back to precious metals. In the Asian session, … Continue reading
Posted in Gold
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Silver: Trading higher
Silver prices rose 1.40% to USD 30.44 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.515, 0.25% higher from the New York close. Silver is expected to find support at … Continue reading
Posted in Silver
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Crude Oil: Crude oil rose after inventory data, trading lower this morning
Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 79.68, as a positive private sector payroll data in the US revived hopes for US economic recovery, while a weekly oil inventory report showed … Continue reading
Posted in Crude Oil
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