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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 24, 2012
Trading signals for Friday 24-02-2012
Forex, Commodities and Index signals for Friday 24-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Australian dollar fell towards the end of the Asia session
The Australian dollar fell towards the end of the Asia session after Fitch downgraded the ratings of three Australian banks. Earlier, AUD got a modest boost from parliamentary testimony by RBA Governor Stevens who painted a relatively upbeat picture of the economic outlook. Crucially, he stuck to previous guidance and did not suggest the RBA is poised to cut the cash rate. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil rose amid smaller-than-expected rise in the US crude inventories, trading lower this morning
Oil prices advanced 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 108.54, on speculation that demand for oil might rise following strong economic data from the US and Germany. Concerns that Iran’s output may be … Continue reading
Posted in Crude Oil
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Silver: White metal tops $35 per ounce as dollar slips
Silver prices rose 3.10% to USD 35.33 per ounce during the 24 hours ending 23:00GMT, as the dollar weakened. In the Asian session, at GMT0400, Silver is trading at 35.40, 0.19% higher from yesterday’s close. Silver is expected to find … Continue reading
Posted in Silver
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Gold: Yellow metal advanced on weaker greenback
Gold prices traded higher by 0.16% against the USD in the 24 hour period ending 23:00GMT, at 1778.94per ounce, as the greenback weakened amid upbeat German business sentiment data. In the Asian session, at GMT0400, Gold is trading at 1779.47, … Continue reading
Posted in Gold
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AUD/USD: Aussie up on RBA comments that monetary policy is appropriate
For the 24 hours to 23:00 GMT, AUD strengthened 0.95% against the USD to close at 1.0730, after Reserve Bank of Australia Governor (RBA), Glenn Stevens, played down chance of interest rate cut and possible AUD intervention. Reserve Bank Governor, … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie climbs on higher risk appetite and rising oil prices, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.24% against the CAD to close at 0.9972, as upbeat German business confidence and US labor market data, boosted demand for higher-yielding assets. Rising oil prices further supported the Canadian dollar. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc losing ground in the Asian session
For the 24 hours to 23:00 GMT, USD declined 0.99% against the CHF and closed at 0.9013. In the Asian session, at GMT0400, the pair is trading at 0.9017, with the USD trading 0.05% higher from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen retreats in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 80.00. Data released this morning showed that the Corporate Service Price Index (CSPI) in Japan declined 0.2% (YoY) in January, compared to a 0.1% … Continue reading
Posted in USD/JPY
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GBP/USD: GBP rose as UK factory orders climbs to a six-month high, trading lower this morning
For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.5747, after the CBI reported that UK factory orders rose to a six-month high in February. On the economic front, the Confederation of British … Continue reading
Posted in GBP/USD
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EUR/USD: Euro jumps on strong German business sentiment data
For the 24 hours to 23:00 GMT, EUR rose 0.93% against the USD and closed at 1.3372, after German business climate index climbed for a fourth-straight month in January to the highest reading since July. The Ifo Institute reported that … Continue reading
Posted in EUR/USD
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