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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: December 2011
USD/JPY: Pair continues its southward journey
For the 24 hours to 23:00 GMT, USD weakened 0.25% against the JPY and closed at 77.85. In the Asian session, at GMT0400, the pair is trading at 77.80, with the USD trading 0.07% lower from yesterday’s close. The pair … Continue reading
Posted in USD/JPY
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USD/CHF: Trading above its MA’s, Investors await Swiss consumer price data
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9211. In the Asian session, at GMT0400, the pair is trading at 0.9221, with the USD trading 0.11% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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GBP/USD: Pound advanced on upbeat UK PMI data, trading lower this morning on poor retail sales data
For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5643, after reports showed a rise in services Purchasing Manager’ Index (PMI) in the UK. The services PMI in the UK rose to 52.1 … Continue reading
Posted in GBP/USD
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EUR/USD: Euro backpedals, after S&P warns of broad Euro-zone downgrade over debt crisis
For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.3392, after Standard & Poor’s warned that it may downgrade the credit ratings of 15 Euro-zone nations’ if EU leaders fail to reach an … Continue reading
Posted in EUR/USD
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Crude Oil: Oil trading below $101 per barrel over S&P’s warning for a possible downgrade
Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 100.60, after reports that Standard & Poor’s has warned six European nations about their triple-A ratings downgrade, raised concerns that the global fuel demand … Continue reading
Posted in Crude Oil
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Silver: Continues to trade lower this morning
Silver prices declined 2.25% to USD 32.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.03, 0.22% lower from yesterday’s close. Silver is expected to find support at 31.59, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues to lose its shine
Gold prices traded lower by 1.69% against the USD in the 24 hour period ending 23:00GMT, at 1,723.43 per ounce, as European leaders worked to resolve the region’s sovereign-debt crisis, reducing demand for the precious metal. The precious metal extended … Continue reading
Posted in Gold
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Trading signals for Monday 05-12-2011
Forex, Commodities and Index signals for Monday 05-12-2011 11:00 GMT Continue reading
Posted in Trading Signals
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German Chancellor Angela Merkel pledged to work towards fiscal union
Expectations continued to build overnight for impending solutions for the Eurozone sovereign debt crisis. Several different papers have reported different plans, from enlarged ECB resources to even the Fed providing funding to the IMF. Eurozone leaders will start meeting today to set the groundwork for Friday’s crunch talks. Continue reading
Posted in Market Snapshot
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AUD/USD: Converging with its MA’s
For the 24 hours to 23:00 GMT, AUD weakened 0.14% against the USD, on Friday, to close at 1.0212. In Australia, this morning, the AiG Performance of Services Index declined to 47.7 in November, compared to 48.8 in the previous … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar declined on poor unemployment data, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.37% against the CAD, on Friday, to close at 1.0181. Canadian dollar declined against the US dollar, after reports showed that Canadian unemployment rate rose in November. The unemployment rate in … Continue reading
Posted in USD/CAD
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