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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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Monthly Archives: February 2012
AUD/USD: Aussie erases losses this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0774. In the Asian session, at GMT0400, the pair is trading at 1.0777, with the AUD trading marginally higher from yesterday’s close, after the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian dollar cementing gains this morning
For the 24 hours to 23:00 GMT, USD rose 0.23% against the CAD to close at 0.9970. Canadian dollar fell after the Canada Mortgage and Housing Corporation (CMHC) indicated that, on a seasonally adjusted basis, housing starts in Canada declined … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc fell as unemployment rate rises to 10-month high, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.35% against the CHF and closed at 0.9148. Swiss Franc edged down after reports showed that the Swiss unemployment climbed to its highest level in 10 months in January. On an … Continue reading
Posted in USD/CHF
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USD/JPY: Yen fell on weak economic data from Japan
For the 24 hours to 23:00 GMT, USD strengthened 0.36% against the JPY and closed at 77.06. Yen declined after the Japanese Economic Watchers’ survey results showed that the Current Conditions Index declined to 44.1 in January, compared to 47.0 … Continue reading
Posted in USD/JPY
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GBP/USD: Trading higher, a series of UK economic data awaited today
For the 24 hours to 23:00 GMT, GBP fell 0.66% against the USD and closed at 1.5797. In the Asian session, at GMT0400, the pair is trading at 1.5809, with the GBP trading 0.08% higher from yesterday’s close. The pair … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher as Greek debt talks progress; ECB rate decision awaited
For the 24 hours to 23:00 GMT, EUR declined 0.27% against the USD and closed at 1.3224, after the release of disappointing economic data in the Euro-zone. In economic news, German trade surplus narrowed to €12.9 billion in December, compared … Continue reading
Posted in EUR/USD
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Trading signals for Wednesday 08-02-2012
Forex, Commodities and Index signals for Wednesday 08-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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EUR trading firm as markets are more optimistic about Greece
The euro is trading on a firm note as markets are somewhat more optimistic that several outstanding issues on Greece are close to resolution. Firstly, late into the session on Tuesday a Greek government spokesperson finally announced that political leaders would meet on Wednesday to respond to the bailout proposals by noon. It appears that a tentative deal has been secured with the troika, though some individual points on how the cuts are going to be achieved remain outstanding. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil advanced after unexpected drop in crude oil stockpiles
Oil prices advanced 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 98.75, on the back of concerns surrounding Iran and Nigeria and drop in crude oil inventories. Late Tuesday, American Petroleum Institute reported crude inventories … Continue reading
Posted in Crude Oil
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Silver: Tad lower in the Asian session
Silver prices rose 1.37% to USD 34.13per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 34.12, marginally lower from yesterday’s close. Silver is expected to find support at 33.41, and a … Continue reading
Posted in Silver
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Gold: Yellow metal rallied on speculation of further monetary easing
Gold prices traded higher by 1.38% against the USD in the 24 hour period ending 23:00GMT, at 1744.69 per ounce, as dollar weakened following hopes that Greek authorities are close to an agreement with its international creditors for a bailout … Continue reading
Posted in Gold
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