Monthly Archives: January 2012

GBP/USD: Pound gives up yesterday’s gains

For the 24 hours to 23:00 GMT, GBP rose 0.09% against the USD and closed at 1.5477. In the UK, the British Retail Consortium (BRC) reported that shop price inflation retreated to 1.7% (MoM) in December, from 2.0% in November, … Continue reading

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Gold: Gold continues its northward journey

Gold prices traded higher by 1.44% against the USD in the 24 hour period ending 23:00GMT, at 1,632.84 per ounce. In the Asian session, at GMT0400, Gold is trading at 1637.39, 0.28% higher from yesterday’s close. Gold is expected to … Continue reading

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USD/JPY: Yen trading marginally lower in the Asian session

  For the 24 hours to 23:00 GMT, USD marginally weakened against the JPY and closed at 76.84. In the Asian session, at GMT0400, the pair is trading at 76.90, with the USD trading 0.07% higher from yesterday’s close. This … Continue reading

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USD/CHF: Swiss Franc is losing ground this morning

  For the 24 hours to 23:00 GMT, USD ended flat against the CHF and closed at 0.9493. The central bank of Switzerland indicated that it would continue the policies put by the former head of the Swiss National Bank … Continue reading

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Crude Oil: Crude oil rose on supply concerns, trading lower this morning

Oil prices advanced 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at USD102.16, after tensions in Iran raised concerns about crude oil supplies. Late yesterday, the American Petroleum Institute reported that reported that crude-oil inventories rose … Continue reading

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USD/CAD: Canadian dollar is trading lower after yesterday’s gain

  For the 24 hours to 23:00 GMT, USD fell 0.64% against the CAD to close at 1.0167. On the economic front, the Canada Mortgage and Housing Corporation (CMHC) indicated that on a seasonally adjusted basis, housing starts climbed to … Continue reading

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AUD/USD: Aussie trading lower after job vacancies fall in November

  For the 24 hours to 23:00 GMT, AUD rose 0.59% against the USD to close at 1.0305. In the Asian session, at GMT0400, the pair is trading at 1.0282, with the AUD trading 0.22% lower from yesterday’s close. This … Continue reading

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Trading signals for Tuesday 10-01-2012

Forex, Commodities and Index signals for Tuesday 10-01-2012 11:00 GMT Continue reading

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China imports slow

Risk appetite nudged higher in Asia after China’s December trade surplus came in well above consensus. AUD and NZD advanced throughout the session and even the euro staged a modest comeback. Surprisingly, AUD was not held back by the very weak China import numbers which were the root cause of the wider trade surplus. Continue reading

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AUD/USD: Aussie extends its gain in the Asian session

  For the 24 hours to 23:00 GMT, AUD strengthened 0.44% against the USD to close at 1.0245. In Australia, yesterday, the Reserve Bank of Australia (RBA) reported that the total official reserve assets rose to A$46.08 billion from A$44.83 … Continue reading

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USD/CAD: Canadian dollar continues to cement gains in the Asian session

  For the 24 hours to 23:00 GMT, USD declined 0.57% against the CAD to close at 1.0233. In economic news, building permits in Canada decreased 3.6% (MoM) to C$6.1 billion in November, following an 11.6% increase in the previous … Continue reading

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