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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 7, 2011
Trading signals for Wednesday 07-12-2011
Forex, Commodities and Index signals for Wednesday 07-12-2011 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Crude oil advanced amid reports of a possible Iran ban
Oil prices advanced 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 101.22, after European Union indicated that it may ban imports of Iranian crude. Also, a decline in the US stockpiles further added to the … Continue reading
Posted in Crude Oil
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Silver: Trading lower this morning
Silver prices rose 1.74% to USD 32.66 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.60, 0.17% lower from yesterday’s close. Silver is expected to find support at 31.87, and … Continue reading
Posted in Silver
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Gold: Gold higher in the Asian session
Gold prices traded higher by 0.27% against the USD in the 24 hour period ending 23:00GMT, at 1,728.00 per ounce. In the Asian session, at GMT0400, Gold is trading at 1729.43, 0.08% higher from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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AUD/USD: Upbeat data helps Aussie to bounce back
For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 1.0246, after the Reserve Bank of Australia cut interest rates by 25 basis points for a second straight month. In the Asian session, at … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar maintains momentum
For the 24 hours to 23:00 GMT, USD declined 0.73% against the CAD to close at 1.0096. Canadian dollar strengthened after Bank of Canada (BoC) kept its key overnight rate at 1.0%. The BoC policy makers further stated that growth … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc weakened amid disappointing consumer price data, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.49% against the CHF and closed at 0.9256. Swiss Franc fell against greenback, after reports showed a decline in Swiss consumer prices, raising speculation that Swiss National Bank would intervene again … Continue reading
Posted in USD/CHF
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USD/JPY: Trading flat this morning
For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 77.73. In the Asian session, at GMT0400, the pair is trading at 77.73, with the USD trading flat from yesterday’s close. The pair is … Continue reading
Posted in USD/JPY
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GBP/USD: Pound fell on poor economic data, trading slightly higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5602, after the Lloyds Banking Group’s Halifax division reported that the house price index in the UK dropped 0.9% (MoM) in November, from a … Continue reading
Posted in GBP/USD
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EUR/USD: Euro continues its upward journey
For the 24 hours to 23:00 GMT, EUR rose 0.10% against the USD and closed at 1.3405, ahead of Euro-zone summit scheduled later this week. Euro also received support from reports that the European Union leaders are in talks to … Continue reading
Posted in EUR/USD
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EURO recovers overnight
The euro managed to recover further overnight as markets prepare for the opening of the EU Summit tomorrow. More details on what will be proposed surfaced yesterday and the new focus appears to be on the financial firepower of the Eurozone’s current rescue mechanisms, in addition to the pursuit of changes in the Eurozone’s treaties and institutional framework. Continue reading
Posted in Market Snapshot
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