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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 15, 2012
Trading signals for Wednesday 15-02-2012
Forex, Commodities and Index signals for Wednesday 15-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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China will continue investing in the Eurozone
China’s central bank governor Zhou said China would continue to invest in Eurozone sovereign bonds and would play a bigger role in solving Europe’s crisis via both the IMF and the EFSF. As usual, the comments were short on specifics, but they helped the euro recover from yesterday’s selloff, and carried AUD and NZD higher too. Zhou also expressed his wish that the euro will become a bigger and more important reserve currency. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil extends its gains in the Asian session
Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at100.94, amid supply concerns in the Middle East sparked by tensions over Iran and disruptions in Southern Sudan. Late Tuesday, American Petroleum Institute reported that … Continue reading
Posted in Crude Oil
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Silver: Trading higher after yesterday’s fall
Silver prices declined 0.10% to USD 33.59 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.67, 0.23% higher from yesterday’s close. Silver is expected to find support at 33.34, and … Continue reading
Posted in Silver
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Gold: Yellow metal holds on to yesterday’s gains
Gold prices traded 0.05% higher against the USD in the 24 hour period ending 23:00GMT, at 1721.58 per ounce, as bargain hunters returned to buy precious metal after recent downfall. In the Asian session, at GMT0400, Gold is trading at … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher on better than expected consumer confidence
For the 24 hours to 23:00 GMT, AUD weakened 0.23% against the USD to close at 1.0693. In the Asian session, at GMT0400, the pair is trading at 1.0736, with the AUD trading 0.40% higher from yesterday’s close, after the … Continue reading
Posted in AUD/USD
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USD/CHF: Swissy trading between its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.22% against the CHF and closed at 0.9199. In the Asian session, at GMT0400, the pair is trading at 0.9173, with the USD trading 0.28% lower from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues its downfall in the Asian session
For the 24 hours to 23:00 GMT, USD strengthened 1.27% against the JPY and closed at 78.44, after the Bank of Japan surprisingly expanded its asset purchase program by ¥10 trillion. In economic news, preliminary government report indicated that Japan’s … Continue reading
Posted in USD/JPY
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GBP/USD: Cable gaining strength this morning
For the 24 hours to 23:00 GMT, GBP fell 0.31% against the USD and closed at 1.5690. Data released in the UK showed that the Consumer Price Index slowed to 3.6% (YoY) in January, marking the lowest level since November … Continue reading
Posted in GBP/USD
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EUR/USD: EUR trading higher as China pledges support to debt crisis
For the 24 hours to 23:00 GMT, EUR declined 0.29% against the USD and closed at 1.3129, amid concerns over Greece debt crisis and after disappointing Euro-zone industrial production data. News that meeting of the Euro-zone officials to discuss Greece’s … Continue reading
Posted in EUR/USD
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USD/CAD: Loonie advances on higher oil prices
For the 24 hours to 23:00 GMT, USD declined 0.16% against the CAD to close at 0.9991. Rising oil prices supported the Canadian dollar. Yesterday, the Statistics Canada reported that the number of new motor vehicles sold in Canada dropped … Continue reading
Posted in USD/CAD
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