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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: November 16, 2011
Trading signals for Wednesday 16-11-2011
Forex, Commodities and Index signals for Wednesday 16-11-2011 11:00 GMT Continue reading
Posted in Trading Signals
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EURUSD falling further to a five-week low
News was thin on the ground during the Asia session, but that did not stop EURUSD falling further to a five-week low. AUDUSD also dropped over 100 pips as risk sentiment remained fragile despite stronger US economic data earlier. The Bank of Japan left monetary policy entirely unchanged as widely expected. EURUSD traded 1.3435-1.3557 and USDJPY 76.98-77.15. Continue reading
Posted in Market Snapshot
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AUD/USD: Pair trading below its MA’s
For the 24 hours to 23:00 GMT, AUD weakened 0.23% against the USD to close at 1.0170, as Euro-zone debt crisis fears diminished demand for high-yielding assets. In the Asian session, at GMT0400, the pair is trading at 1.0089, with … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie continues to trade lower; Canada’s manufacturing sales beat expectations
For the 24 hours to 23:00 GMT, USD rose 0.41% against the CAD to close at 1.0210. The Canadian dollar weakened against its U.S. counterpart, dragged down by continuing fears of a debt contagion in Europe. However the decline was … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc continues to trade lower
For the 24 hours to 23:00 GMT, USD rose 0.80% against the CHF and closed at 0.9160. In the Asian session, at GMT0400, the pair is trading at 0.9201, with the USD trading 0.45% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen tad lower this morning
For the 24 hours to 23:00 GMT, USD weakened 0.08% against the JPY and closed at 77.04. In the US, the Producer Price Index (PPI) fell 0.3% (M-o-M) in October, following a 0.8% increase recorded in September. This morning, the … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound continues to trade lower; UK inflation came in lower than expected
For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.5819. On an annual basis, the Consumer Price Index (CPI) in the UK rose 5.0% in October, compared to 5.2% growth recorded in September. … Continue reading
Posted in GBP/USD
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Crude Oil: Crude oil rose after upbeat US economic data, trading lower this morning
Oil prices advanced 1.20% against the USD for the 24 hour period ending 23:00GMT, closing at 99.23, amid strong US retail sales and manufacturing data. Late Tuesday, the American Petroleum Institute reported that the crude oil supplies climbed by 1.3 … Continue reading
Posted in Crude Oil
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Silver: Silver erases its yesterday’s gains as stronger dollar weighs
Silver prices rose 0.96% to USD 34.55 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.24, 0.89% lower from yesterday’s close, as markets continued to monitor developments surrounding the Euro-zone’s … Continue reading
Posted in Silver
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Gold: Yellow metal trading lower with Euro-zone debt crisis in focus
Gold prices traded flat against the USD in the 24 hour period ending 23:00GMT, at 1,780.93 per ounce. Gold prices continued to remain under pressure, as fears that the Euro-zone’s sovereign debt crisis is worsening prompted investors to sell their … Continue reading
Posted in Gold
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EUR/USD: Euro continues to slip as Italian borrowing costs rise
For the 24 hours to 23:00 GMT, EUR declined 0.68% against the USD and closed at 1.3527, as a rise in Italian and Spanish bond yields reduced investors’ appetite for riskier assets. In German economic news, the Gross Domestic Product … Continue reading
Posted in EUR/USD
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