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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: February 13, 2012
Trading signals for Monday 13-02-2012
Forex, Commodities and Index signals for Monday 13-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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New Greek austerity package
The Greek parliament voted in favour of a new package of austerity measures by 199 votes to 74 early on Monday morning. There were 27 abstentions. The euro got a moderate boost once the count got underway, but we saw no follow-through after the result was announced. In a sign of heightened political discord, 45 of the 300 lawmakers were expelled from their political parties for breaking ranks and voting against party lines. Safe passage of the legislation will go some way to alleviating market concerns after five Greek ministers resigned in protest on Friday. Continue reading
Posted in Market Snapshot
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AUD/USD: AUD trading higher this morning
On Friday, for the 24 hours to 23:00 GMT, AUD weakened 1.07% against the USD to close at 1.0664, after the Reserve Bank of Australia lowered its growth forecasts to 3.5% from 4.0% for the year ending June 2012, raising … Continue reading
Posted in AUD/USD
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Crude Oil: Oil fell on IEA outlook cut, trading higher this morning
Oil prices declined 0.78% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 98.95, after the International Energy Agency (IEA) cut its 2012 estimate for global oil demand to 0.8 million barrels a day, against … Continue reading
Posted in Crude Oil
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Silver: White metal rebounds as dollar retreats in the Asian session
On Friday, Silver prices declined 1.24% to USD 33.51 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.80, 0.88% higher from Friday’s close. Silver is expected to find support at … Continue reading
Posted in Silver
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Gold: Yellow metal trading higher on weaker dollar
Gold prices traded lower by 0.57% against the USD in the 24 hour period ending 23:00GMT on Friday, at 1721.18 per ounce. In the Asian session, at GMT0400, Gold is trading at 1727.9, 0.39% higher from Friday’s close, as the … Continue reading
Posted in Gold
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USD/CAD: Loonie higher on higher risk appetite
On Friday, for the 24 hours to 23:00 GMT, USD rose 0.73% against the CAD to close at 1.0024. In economic news, the trade surplus in Canada widened to C$2.7 billion in December, compared to a surplus of C$1.2 billion … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher after Friday’s fall
For the 24 hours to 23:00 GMT, USD rose 0.65% against the CHF and closed at 0.9177 on Friday. Meanwhile, data released on Friday showed that, on an annual basis, consumer prices in Switzerland dropped 0.8% in January, the most … Continue reading
Posted in USD/CHF
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USD/JPY: Japan’s GDP contracts 2.3% in Q4
On Friday, for the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 77.64. Japanese Finance Minister, Jun Azumi stated that Japan would intervene in the foreign exchange market, if necessary, while keeping a close … Continue reading
Posted in USD/JPY
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GBP/USD: Sterling trading higher after CBI says UK to avoid double-dip recession
For the 24 hours to 23:00 GMT, GBP fell 0.50% against the USD on Friday and closed at 1.5737. Data released in the UK showed that the producer price inflation in the UK eased to 4.1% (YoY) in January, marking … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher on Greece Austerity Vote
For the 24 hours to 23:00 GMT, EUR declined 0.86% against the USD on Friday and closed at 1.3172, amid weak economic data from France and as Euro-zone Finance Ministers delayed approval of a crucial bailout package for Greece. The … Continue reading
Posted in EUR/USD
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