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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: December 2, 2011
Trading signals for Friday 02-12-2011
Forex, Commodities and Index signals for Friday 02-12-2011 11:00 GMT Continue reading
Posted in Trading Signals
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More aggressive action from the ECB not to be excluded
In Asian hours risk sentiment has been stable in the absence of any major news. Most Asian stock market indices are trading broadly flat with the Hang Seng down by 0.2%. EURUSD traded 1.3448-1.3489 and USDJPY traded 77.73-77-78. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil slipped on global economic concerns, trading tad above $100 per barrel
Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 100.08, as signs of further economic slowdown in Europe outweighed better-than-expected US manufacturing data. In the Asian session, at GMT0400, Crude Oil is trading … Continue reading
Posted in Crude Oil
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Silver: Trading between its MA’s
Silver prices rose 0.05% to USD 32.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.75, 0.24% lower from yesterday’s close. Silver is expected to find support at 32.34, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues to trade lower in Asian session
Gold prices traded lower by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1,745.57 per ounce, as investor enthusiasm over central banks’ plans to cut the cost of borrowing dollars faded. In the Asian session, at … Continue reading
Posted in Gold
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AUD/USD: Aussie slips further in Asian session
For the 24 hours to 23:00 GMT, AUD weakened 0.40% against the USD to close at 1.0225. In the Asian session, at GMT0400, the pair is trading at 1.0222, with the AUD trading sligthly lower from yesterday’s close. LME Copper … Continue reading
Posted in AUD/USD
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USD/CAD: Trading below its MA’s
For the 24 hours to 23:00 GMT, USD declined 0.43% against the CAD to close at 1.0144. In the Asian session, at GMT0400, the pair is trading at 1.0147, with the USD trading 0.03% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc extends its loses after poor PMI data in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9157. In Switzerland, the SVME manufacturing Purchasing Managers’ Index (PMI) declined to 44.8 in November, compared to 46.9 in October. Meanwhile, Gross Domestic Product … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to trade lower in the Asian session
For the 24 hours to 23:00 GMT, USD strengthened 0.20% against the JPY and closed at 77.76. Yesterday, the Japanese Prime Minister, Yoshihiko Noda, called for the preparation of a new budget of around ¥2 trillion, to be enacted before … Continue reading
Posted in USD/JPY
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GBP/USD: Poor UK PMI continues to weigh on Pound
For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5691, following reports that showed contraction in the UK PMI. In the UK, the manufacturing Purchasing Managers’ Index (PMI) contracted to 47.6 in November, … Continue reading
Posted in GBP/USD
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EUR/USD: Euro rose on well-received Spanish and French auctions, trading flat this morning
For the 24 hours to 23:00 GMT, EUR rose 0.16% against the USD and closed at 1.3461, as investor sentiment was lifted after the Spanish bond auction met its target sale. Spain sold €3.75 billion ($5 billion) of government bonds, … Continue reading
Posted in EUR/USD
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