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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 17, 2011
Trading signals for Thursday 17-11-2011
Forex, Commodities and Index signals for Thursday 17-11-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Banks on focus
Risk appetite faltered just before the Asia session got underway after Fitch warned that contagion from Europe could spread across the Atlantic, and might eventually have negative outlook implications for the ratings of US banks. This undid much of the positivity triggered by a stronger than expected US industrial production report. US headline inflation cooled to 3.5%, while core inflation was steady. 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 0.95% against the USD to close at 1.0073. In the Asian session, at GMT0400, the pair is trading at 1.0085, with the AUD trading 0.12% higher from yesterday’s close. LME Copper … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar fell as risk aversion increases, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 1.0245, as concerns that the Euro-zone debt crisis is spreading reduced demand for high-yielding assets. In the Asian session, at GMT0400, the pair is … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 0.45% against the CHF and closed at 0.9201, as investors flocked to US dollar over worries the Euro-zone debt crisis would spread. In the Asian session, at GMT0400, the pair is … 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 traded flat against the JPY and closed at 77.04. In the US, on a monthly basis, the Consumer Price Index (CPI) declined 0.1% in October, following a 0.3% increase recorded in the … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound fell after BoE cuts inflation, growth outlook; trading higher in Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.59% against the USD and closed at 1.5725, over BoE poor economic outlook. Bank of England (BoE), in its Quarterly Inflation Report, predicted that inflation would fall to 1.3% in two … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher this morning; Barroso warns “Systematic Crisis” in Euro-zone
For the 24 hours to 23:00 GMT, EUR declined 0.56% against the USD and closed at 1.3451, over investors’ speculation that the spreading debt crisis would curb economic growth and pressurize the European central bank to ease monetary policy. European … Continue reading
Posted in EUR/USD
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Crude Oil: Crude oil continues to trade above $100 per barrel after the US inventory data
Oil prices advanced 2.52% against the USD for the 24 hour period ending 23:00GMT, closing at 101.73, following reports showing a decline in crude oil inventories. The Energy Information Administration reported that the crude supplies declined 1.1 million barrels for … Continue reading
Posted in Crude Oil
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Silver: White metal recouping its yesterday’s losses
Silver prices declined 2.76% to USD 33.60 per ounce during the 24 hours ending 23:00GMT, as a stronger US dollar and fears that the Euro-zone’s sovereign debt crisis was spreading to the region’s core economies prompted investors to sell the … Continue reading
Posted in Silver
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Gold: Gold fell amid lingering Euro-zone debt woes, trading flat this morning
Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1,761.38 per ounce, as the dollar gained strength amid renewed worries over the Euro-zone debt crisis. In the Asian session, at GMT0400, Gold … Continue reading
Posted in Gold
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