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Monthly Archives: November 2011
AUD/USD: Aussie recoups its yesterday’s losses
AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.53% against the USD to close at 0.9685, as concern about Europe’s rising borrowing costs and weak manufacturing PMI in China and Europe dampened investors’ appetite for riskier currency. … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar weakened as risk aversion rose, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.88% against the CAD to close at 1.0477, as the commodity-linked currency was weighed down by declining crude oil prices. Canadian dollar came under pressure after a disappointing bond auction in … Continue reading
Posted in USD/CAD
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USD/CHF: Pair backpedals in Asian session
USDCHF Movement For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9200, after the release of US data on initial jobless claims. For the week ended 19 November 2011, initial jobless claims in … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen trading lower this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.46% against the JPY and closed at 77.30. In the US, for the week ended 19 November 2011, initial jobless claims advanced to 393,000, compared to the previous week’s revised figure … Continue reading
Posted in USD/JPY
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Silver: Silver continues to trade lower
Silver Movement Silver prices declined 2.94% to USD31.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.68, 0.25% lower from yesterday’s close. Silver is expected to find support at 31.06, … Continue reading
Posted in Silver
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GBP/USD: British Pound trading higher this morning after yesterday’s fall; MPC stands ready to aid UK economy
For the 24 hours to 23:00 GMT, GBP fell 0.73% against the USD and closed at 1.5523, after minutes of the Bank of England Monetary Policy Committee rate-setting meeting indicated increased support for additional quantitative easing in the future. In … Continue reading
Posted in GBP/USD
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Gold: Gold weakens as stronger dollar weighs
Gold Movement Gold prices traded lower by 0.46% against the USD in the 24 hour period ending 23:00GMT, at 1,690.55 per ounce, amid a stronger dollar and as concerns that the Euro-zone’s sovereign debt crisis was worsening prompted investors to … Continue reading
Posted in Gold
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EUR/USD: Euro fell after weak German bond sale, trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined 1.27% against the USD and closed at 1.3342, as a weak German bond auction disappointed investors. The Euro also came under pressure, following reports that Belgium and France were in fresh … Continue reading
Posted in EUR/USD
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Crude Oil: Crude oil fell after dismal Euro-zone PMI data, trading higher this morning
Oil prices declined 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 95.90, after a dismal German bond auction and weaker-than-expected Euro-zone manufacturing data, added to concerns over an already bleak global outlook. Yesterday the … Continue reading
Posted in Crude Oil
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Trading signals for Wednesday 23-11-2011
Forex, Commodities and Index signals for Wednesday 23-11-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Investors more cautious than usual
Despite the possible boost that risk could have received from dovish FOMC minutes and the IMF’s decision to loosen the criteria for its liquidity facilities, risk was heavy overnight as growth worries resurfaced. Tuesday’s soft US GDP figure in addition to a weak PMI print from China both cast doubt on hopes that the non-Eurozone economies would have been able to help the global economy avoid a deep recession. Continue reading
Posted in Market Snapshot
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