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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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Monthly Archives: October 2011
Trading signals for Thursday 27-10-2011
Forex, Commodities and Index signals for Thursday 27-10-2011 11:00 GMT Continue reading
Posted in Trading Signals
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EU summit ended overnight with clear signs of progress
The euro and risk assets rallied overnight as clear developments emerged from the EU summit. The most important outcome of last night’s marathon summit seems to be reaching an agreement with the IIF that a 50% face value haircut would be accepted ‘voluntarily’. This means in all likelihood that the ISDA will rule that the restructuring does not amount to a credit event and CDS payout is not triggered. Continue reading
Posted in Market Snapshot
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AUD/USD: Australian dollar rises on EU deal
For the 24 hours to 23:00 GMT, AUD weakened 0.40% against the USD to close at 1.0391. In the Asian session, at GMT0300, the pair is trading at 1.0478, with the AUD trading 0.84% higher from yesterday’s close, after European … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar continues to rise versus the greenback
For the 24 hours to 23:00 GMT, USD declined 1.17% against the CAD to close at 1.0047. In the US, on a monthly basis, new orders for durable goods fell 0.8% (M-o-M) in September, following a 0.1% drop in August. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss trading lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.44% against the CHF and closed at 0.8822. There were no major economic releases in Switzerland yesterday. In the Asian session, at GMT0300, the pair is trading at 0.8788, with the … Continue reading
Posted in USD/CHF
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USD/JPY: Pair converging with its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.12% against the JPY and closed at 76.22. In Japan, this morning, the retail sales declined 1.5% (M-o-M) to ¥10.57 trillion in September, following a 1.7% decline in the previous month. … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound trading higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.28% against the USD and closed at 1.5956, amid concerns that the eurozone leaders would be unable to find a solution to the debt crisis. In the UK, the Confederation of … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher, Greek bondholders to take 50% write-down on the value of their holdings
For the 24 hours to 23:00 GMT, EUR declined 0.29% against the USD and closed at 1.3868. A summit in Europe failed to clear up doubts about the euro-zone, putting pressure on the Euro. Meanwhile, the greenback gained after new … Continue reading
Posted in EUR/USD
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Crude Oil: Oil fell as crude stocks up, trading higher this morning
Oil prices declined 1.74% against the USD for the 24 hour period ending 23:00GMT, closing at 90.79, after report showed a greater than expected rise in crude oil inventories. The Energy Information Administration reported that the crude supplies rose 4.7 … Continue reading
Posted in Crude Oil
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Silver: White metal extends yesterday’s gains
Silver prices rose 1.19% to USD 33.39 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 33.71, 0.96% higher from yesterday’s close. Silver is expected to find support at 33.19, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues to shine
Gold prices traded higher by 1.27% against the USD in the 24 hour period ending 23:00GMT, at 1,719.43 per ounce, amid uncertainty over the outcome to a key EU summit. In the Asian session, at GMT0300, Gold is trading at … Continue reading
Posted in Gold
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