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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 6, 2012
Trading signals for Friday 06-01-2012
Forex, Commodities and Index signals for Friday 06-01-2012 11:00 GMT Continue reading
Posted in Trading Signals
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US payrolls release
In a typical prelude to a US payrolls release, FX markets traded in very tight ranges in Asia until newswires reported speculation of a nuclear incident in North Korea. Officials in Seoul and Tokyo later rejected the idea, but not before EURUSD broke to new 15-month lows, and AUDUSD dropped 20 pips. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil down amid rise in oil stockpiles
Oil prices declined 1.69% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48, after reports showed an increase in crude oil inventories. The Energy Information Administration reported that crude-oil supplies rose 2.2 million barrels in … Continue reading
Posted in Crude Oil
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Silver: Silver showing convergence with its MA’s
Silver prices rose 0.55% to USD 29.30 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 29.28, 0.07% lower from yesterday’s close. Silver is expected to find support at 28.79, … Continue reading
Posted in Silver
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Gold: Gold extended its gains this morning
Gold prices traded higher by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1,622.38 per ounce. Yesterday, two leading brokers lowered 2012 gold-price forecasts, but held to expectations for rising prices this year. HSBC cut … Continue reading
Posted in Gold
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AUD/USD: Aussie recoups some of yesterday’s losses this morning
For the 24 hours to 23:00 GMT, AUD weakened 1.01% against the USD to close at 1.0247. In the Asian session, at GMT0400, the pair is trading at 1.0253, with the AUD trading 0.06% higher from yesterday’s close. LME … Continue reading
Posted in AUD/USD
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USD/CAD: Falling oil prices kept Loonie lower, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CAD to close at 1.0199. Canadian dollar fell against the US dollar amid decline in oil prices and as rising bond yields in France indicated renewed Euro-zone … Continue reading
Posted in USD/CAD
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USD/CHF: Pair trading flat this morning, Swiss consumer price data awaited today
For the 24 hours to 23:00 GMT, USD rose 1.14% against the CHF and closed at 0.9529. In the Asian session, at GMT0400, the pair is trading at 0.9526, with the USD trading slightly lower from yesterday’s close. The … Continue reading
Posted in USD/CHF
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USD/JPY: Pair trading above its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.55% against the JPY and closed at 77.16. This morning, Japan’s Finance Minister, Jun Azumi called for stronger efforts by Europe to stem the region’s debt crisis and the falling … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading slightly higher in the Asian session
For the 24 hours to 23:00 GMT, GBP fell 0.76% against the USD and closed at 1.5492. However, some losses in British Pound were recouped after a report showed that services industries in the UK expanded at the fastest … Continue reading
Posted in GBP/USD
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EUR/USD: Euro backpedals as French borrowing costs rose, trading marginally higher this morning
For the 24 hours to 23:00 GMT, EUR declined 1.16% against the USD and closed at 1.2785, after French borrowing costs increased at the bond auction. The French government has sold €8 billion of various government bonds, including €4.02 … Continue reading
Posted in EUR/USD
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