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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: January 5, 2012
Trading signals for Thursday 05-01-2012
Forex, Commodities and Index signals for Thursday 05-01-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Focus on French auction
FX markets traded mostly sideways during the Asia session, although the dollar enjoyed a very modest bid tone. News reports over the state of Spain’s governments and banks are leading to further uncertainty, even though the overall story is not new. As such, we still regard any rally above 1.30 in EURUSD as unsustainable. Continue reading
Posted in Market Snapshot
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AUD/USD: Aussie trading lower, Australian trade balance surplus declined
For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0352. In the Asian session, at GMT0400, the pair is trading at 1.0328, with the AUD trading 0.23% lower from yesterday’s close, after … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar continues to trade lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.20% against the CAD to close at 1.0131, as renewed concerns about the Euro-zone debt crisis diminished appeal for high-yielding assets. In the Asian session, at GMT0400, the pair is … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading marginally higher this morning after yesterday’s losses
For the 24 hours to 23:00 GMT, USD rose 1.07% against the CHF and closed at 0.9422. In the Asian session, at GMT0400, the pair is trading at 0.9421, with the USD trading slightly lower from yesterday’s close. The … Continue reading
Posted in USD/CHF
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USD/JPY: Pair showing convergence with its MA’s
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.73. In Japan, this morning, the monetary base rose 13.5% (YoY) in December to ¥1.180 trillion, following a 19.5% growth in November. In … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues its southward journey this morning
For the 24 hours to 23:00 GMT, GBP fell 0.23% against the USD and closed at 1.5610. In the UK, the net lending to individuals rose by £1.0 billion in November, slightly above expectations of a rise of £0.9 … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell over renewed Euro-zone debt worries
For the 24 hours to 23:00 GMT, EUR declined 0.89% against the USD and closed at 1.2935, as concerns over Euro-zone debt crisis continued to weigh on investor sentiment. Italian Former Economy Minister, Giulio Tremonti, cautioned that the biggest … Continue reading
Posted in EUR/USD
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Crude Oil: Crude Oil rose following oil inventories report, trading lower this morning
Oil prices advanced 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 103.22, as decline in crude oil inventories and continued tension over Iran’s nuclear program, raised concerns about the crude oil supply. Late Wednesday, … Continue reading
Posted in Crude Oil
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Silver: White metal trading higher this morning
Silver prices declined 1.93% to USD 29.14 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.40, 0.90% higher from yesterday’s close. Silver is expected to find support at 28.98, … Continue reading
Posted in Silver
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Gold: Yellow metal continues to rise on renewed safe haven buying
Gold prices traded higher by 0.35% against the USD in the 24 hour period ending 23:00GMT, at 1,612.05 per ounce, on renewed safe-haven buying amid growing geopolitical tensions between Iran and the US. In the Asian session, at GMT0400, … Continue reading
Posted in Gold
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