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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
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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Trading signals for Thursday 23-02-2012
Forex, Commodities and Index signals for Thursday 23-02-2012 11:00 GMT Continue reading
Posted in Trading Signals
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BoJ explains about its decision
The Asian session was relatively quiet as markets consolidated further. BoJ Governor Shirakawa said that the latest easing measures were supposed to boost sentiment temporarily and a rise in prices won’t change policy. He also suggested that the BoJ will leave policy easy until the 1% inflation target is reached and that this view is backed by the 9-member board. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil down as more-than-expected rise in the US stockpiles overweighed supply concerns
Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 105.91. Earlier yesterday, oil rose on supply concerns, after the International Atomic Energy Agency (IAEA) stated that talks held between its inspectors and Iranian … Continue reading
Posted in Crude Oil
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