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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: November 2011
USD/CAD: Loonie declined over US debt impasse, trading flat this morning
For the 24 hours to 23:00 GMT, USD rose 1.07% against the CAD to close at 1.0396, as the US deficit impasse and uncertainty over Euro-zone sovereign-debt crisis spurred demand for safe-haven greenback. In Canada, the wholesale sales rose 0.3% … Continue reading
Posted in USD/CAD
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Aussie sees a marginal rebound this morning
For the 24 hours to 23:00 GMT, AUD weakened 1.43% against the USD to close at 0.9833. In the Asian session, at GMT0400, the pair is trading at 0.9836, with the AUD trading slightly higher from yesterday’s close. LME Copper … Continue reading
Posted in AUD/USD
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USD/CHF: Swiss Franc trading lower in the Asian session
For the 24 hours to 23:00 GMT, USD declined marginally against the CHF and closed at 0.9175, following reports showing strong Swiss money supply data. The Swiss National Bank reported that the money supply increased 8.2% (YoY) in October, following … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues its downward journey
For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.93. In Japan, yesterday, the Leading Index was revised lower to 91.5 in September, from 91.6 in the preliminary estimates. Additionally, the Coincident Economic … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to move southward, as disappointing UK housing data weigh on sentiment
For the 24 hours to 23:00 GMT, GBP fell 0.87% against the USD and closed at 1.5643, amid poor UK housing data. The Rightmove House Price Index declined 3.1% (MoM) in November, following 2.8% rise in the previous month. Bank … Continue reading
Posted in GBP/USD
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EUR/USD: Euro continues to decline, following warning about France’s credit rating
For the 24 hours to 23:00 GMT, EUR declined 0.23% against the USD and closed at 1.3485, as concerns over France losing its AAA credit rating spurred investors’ to flock to safe-havens assets. Moody’s Investors Service cautioned that rising French … Continue reading
Posted in EUR/USD
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Crude Oil: Trading between its MA’s
Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 97.14, as warning from Moody’s Investors Service over France’s credit rating and investors’ expectations that the US supercommittee has failed to reach a deficit-reduction … Continue reading
Posted in Crude Oil
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Silver: White metal fell over poor Chinese silver imports data
Silver prices declined 1.76% to USD 31.54 per ounce during the 24 hours ending 23:00GMT, as greenback strengthened. Silver prices were further weighed down on demand concerns after reports showed that Chinese silver imports dropped 26% (YoY) in October and … Continue reading
Posted in Silver
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Gold: Gold declined as US dollar strengthened
Gold prices traded lower by 2.39% against the USD in the 24 hour period ending 23:00GMT, at 1,678.40 per ounce, as a greenback rallied, amid European and US debt concerns. In the Asian session, at GMT0400, Gold is trading at … Continue reading
Posted in Gold
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Trading signals for Monday 21-11-2011
Forex, Commodities and Index signals for Monday 21-11-2011 11:00 GMT Continue reading
Posted in Trading Signals
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New Government in Spain
Headlines this week are expected to be dominated by further news on debt woes, with the US’ problems adding to the mix. Barring a last-minute breakthrough, we believe it would be hard for the Congressional ‘super committee’ to come up with structural cuts to eat into the US fiscal deficit, thus beginning the process of painful sequesters, as mandated by legislation. Continue reading
Posted in Market Snapshot
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