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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
Crude Oil: Trading tad higher after yesterday’s sharp fall
Oil prices declined 3.07% against the USD for the 24 hour period ending 23:00GMT, closing at 98.61, on future demand worries, after weak Spanish and French government debt auctions underlined concerns that Europe’s debt crisis was worsening. In the Asian … Continue reading
Posted in Crude Oil
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Silver: Silver slips more than 5%, continues to trade lower
Silver prices declined 5.49% to USD 31.75 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.50, 0.78% lower from yesterday’s close. Silver is expected to find support at 30.32, and … Continue reading
Posted in Silver
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Gold: Gold fell more than 2% on Euro-zone debt contagion fears, trading higher this morning
Gold prices traded lower by 2.19% against the USD in the 24 hour period ending 23:00GMT, at 1,722.77 per ounce, as concerns that the Euro-zone’s ongoing debt crisis was worsening prompted investors to liquidate gold positions. Meanwhile, the World Gold … Continue reading
Posted in Gold
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AUD/USD: Australian dollar slide on lingering concerns over Europe, trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.68% against the USD to close at 1.0004, on lingering concerns over the debt problems in the Euro-zone economies. In the Asian session, at GMT0400, the pair is trading at 1.0013, … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading flat in Asian session, investors await CPI data in Canada
For the 24 hours to 23:00 GMT, USD rose 0.38% against the CAD to close at 1.0284. In Canadian economic news, the foreign investments in Canadian securities rose C$7.4 billion in September, compared to C$8.22 billion in August. Meanwhile, the … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.13% against the CHF and closed at 0.9213. The Swiss Franc fell after an official data indicated a decline in economic expectations for Switzerland in November. In Switzerland, the ZEW Economic … Continue reading
Posted in USD/CHF
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USD/JPY: Pair trading below its MA’s
For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 76.97. Yesterday, the Bank of Japan (BoJ), in its monthly report, stated that exports and production are expected to be more or less flat … Continue reading
Posted in USD/JPY
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GBP/USD: British Pound extends its previous session gains amid upbeat UK retail sales data
For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5759, following reports showing strong UK retail sales data. On an annual basis, the retail sales in the UK rose 0.9% in October, following … Continue reading
Posted in GBP/USD
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EUR/USD: Euro continues to rise despite rising Italian, Spanish yields
For the 24 hours to 23:00 GMT, EUR rose 0.14% against the USD and closed at 1.3470, as relatively upbeat U.S. economic boosted appetite for riskier assets. Meanwhile investors remained concerned over unsustainable borrowing costs in Italy. Spanish and French … Continue reading
Posted in EUR/USD
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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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