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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
USD/CHF: Pair trading higher ahead of Swiss unemployment data
For the 24 hours to 23:00 GMT, USD declined 0.83% against the CHF and closed at 0.9116. On the economic front, Switzerland’s foreign exchange reserves declined to CHF227.21 billion in January, from CHF254.25 billion recorded in December. The interim Central … Continue reading
Posted in USD/CHF
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AUD/USD: Aussie cools this morning after rallying yesterday on RBA decision
For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 1.0806, as the Reserve Bank of Australia surprised markets at its latest monetary policy meeting and left interest rates unchanged at 4.25%. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie firms on hopes of progress in Greece, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.15% against the CAD to close at 0.9948. Positive sentiment stemming from hopes that Greek political leaders would come to an agreement on the bailout terms and avoid a default, has … Continue reading
Posted in USD/CAD
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USD/JPY: Yen marches southwards this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.29% against the JPY and closed at 76.79. In Japan, Leading Index climbed to 94.3 in December, while the Coincident Index edged up to 93.2 in December. Data released this morning … Continue reading
Posted in USD/JPY
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GBP/USD: Cable erases yesterday’s gain, trading lower this morning
For the 24 hours to 23:00 GMT, GBP rose 0.53% against the USD and closed at 1.5901. The US dollar came under pressure after Federal Reserve Chairman, Ben S. Bernanke, reiterated that the job market in the US is still … Continue reading
Posted in GBP/USD
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EUR/USD: Euro advanced on Greek debt optimism, trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 1.04% against the USD and closed at 1.3259, on expectations that Greek political leaders would come to an agreement on the bailout terms and avoid a sovereign debt default. Moreover, President … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 07-02-2012
Forex, Commodities and Index signals for Tuesday 07-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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RBA on hold
AUD was the stand-out performer overnight, breaking through 1.08 as the RBA surprised investors and left its cash rate on hold at 4.25%. There was a unanimous consensus for a 25bp cut so the move was very surprising. The board noted that policy was appropriate ‘for the moment’. This suggests the bank still has an easing bias and will ‘adjust the cash rate as necessary to foster sustainable growth and low inflation’. Continue reading
Posted in Uncategorized
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Crude Oil: Continue to trade lower on speculation that US inventories might rise.
Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 97.17, on speculation that stock piles might increase in the US and amid concerns that Greece would fail to take sufficient steps to avert … Continue reading
Posted in Crude Oil
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Silver: Dips further
Silver prices declined 0.05% to USD 33.67 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 33.6015, 0.21% lower from yesterday’s close. Silver is expected to find support at 33.11, and … Continue reading
Posted in Silver
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Gold: Yellow metal slips as Greece concerns sparks dollar rally
Gold prices traded lower by 0.57% against the USD in the 24 hour period ending 23:00GMT, at 1720.88 per ounce, as renewed fears that Greece would fail to reach an acceptable deal with its private creditors weakened demand for the … Continue reading
Posted in Gold
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