Monthly Archives: December 2011

USD/CHF: Swiss Franc continues its downward journey

For the 24 hours to 23:00 GMT, USD rose 0.25% against the CHF and closed at 0.9257. In the US, initial jobless claims fell to 381,000 in the week ended 3 December 2011, compared to the previous week’s revised figure … Continue reading

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USD/JPY: Trading above its MA’s

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 77.63. Additionally, this morning, the Gross Domestic Product (GDP) rose 1.3% in third quarter of 2011, compared to the initial estimates of a 1.5% … Continue reading

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GBP/USD: Continues to trade lower this morning

For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD and closed at 1.5629, on persistent concerns regarding the health of the UK economy. The Monetary Policy Committee of the Bank of England (BoE) left the size … Continue reading

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EUR/USD: Euro continues to slip, after ECB President downplayed expectations for bond buying

For the 24 hours to 23:00 GMT, EUR declined 0.49% against the USD and closed at 1.3349, after comments from European Central Bank President, Mario Draghi renewed concerns over the handling of the Euro-zone’s sovereign debt crisis. In economic news, … Continue reading

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Crude Oil: Crude Oil fell below $100, before ECB Summit

Oil prices declined 2.64% against the USD for the 24 hour period ending 23:00GMT, closing at 98.05, as the greenback strengthened and after ECB President, Mario Draghi signalled not to increase bond purchase programme to tame Euro-zone’s sovereign debt crisis. … Continue reading

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Silver: Continues its southward journey

Silver prices declined 2.97% to USD 31.63 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.55, 0.25% lower from yesterday’s close. Silver is expected to find support at 30.88, and … Continue reading

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Gold: Trading lower following dovish comments from ECB President

Gold prices traded lower by 2.07% against the USD in the 24 hour period ending 23:00GMT, at 1,706.93 per ounce, after European Central Bank President (ECB), Mario Draghi stated that he does not plan on purchasing bonds to assist ailing … Continue reading

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Trading signals for Thursday 08-12-2011

Forex, Commodities and Index signals for Thursday 08-12-2011 11:00 GMT Continue reading

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Australia jobs disappoint

The European Union Summit opens today as Eurozone leaders prepare to save their currency but it appears that some degree of expectations management is already underway, largely on what financial firepower can be deployed. Continue reading

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AUD/USD: Aussie trading lower amid rise in unemployment rate

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0288. In the Asian session, at GMT0400, the pair is trading at 1.0257, with the AUD trading 0.30% lower from yesterday’s close, amid an … Continue reading

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USD/CAD: Canadian dollar gives up some gains in the Asian session

For the 24 hours to 23:00 GMT, USD declined 0.08% against the CAD to close at 1.0088. In the Asian session, at GMT0400, the pair is trading at 1.0097, with the USD trading 0.09% higher from yesterday’s close. The pair … Continue reading

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