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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: March 7, 2012
Trading signals for Wednesday 07-03-2012
Forex, Commodities and Index signals for Wednesday 07-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Greece on focus
A cautious tone prevailed in Asia, with the commodity currencies starting on the back foot amid broad-based declines across the major equity indices. AUDUSD was initially pressured by the weaker-than-expected 0.4% q/q Australian GDP print for Q4 2011 – which significantly undercut the 0.8% q/q consensus estimate – but managed to stabilise later in the session as equities pared early declines. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil plunged on easing Middle East concern, EIA forecast; trading higher this morning on Chinese demand
Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 104.98, amid easing political tensions in the Middle East, after the European Union offered to restart negotiations with Iran over its nuclear program and … Continue reading
Posted in Crude Oil
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Silver: Silver continues to lose shine in the Asian session
Silver prices declined 3.25% to USD 32.95per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.87, 0.23% lower from yesterday’s close. Silver is expected to find support at 32.24, and a … Continue reading
Posted in Silver
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Gold: Gold decline amid sell-off, trading higher this morning
Gold prices traded lower by 1.81% against the USD in the 24 hour period ending 23:00GMT, at 1675.89 per ounce, as greenback strengthened, amid fading speculation over further stimulus for the US economy, as Dallas Fed President, Richard Fisher, expressed … Continue reading
Posted in Gold
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AUD/USD: Aussie trading lower on weak Australian GDP and construction activity data
For the 24 hours to 23:00 GMT, AUD weakened 1.10% against the USD to close at 1.0552. In the Asian session, at GMT0400, the pair is trading at 1.0542, with the AUD trading 0.09% lower from yesterday’s close, amid less-than-expected … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie approaching parity in the Asian session
For the 24 hours to 23:00 GMT, USD rose 0.71% against the CAD to close at 1.0016. On the economic front, Ivey Purchasing Managers Index (PMI) rose to a reading of 66.0 in February, compared to 55.7 in January, since … Continue reading
Posted in USD/CAD
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USD/CHF: Swissy trading between its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.69% against the CHF and closed at 0.9187. In the Asian session, at GMT0400, the pair is trading at 0.9177, with the USD trading 0.11% lower from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen cementing gains this morning ahead of GDP & trade balance data in Japan
For the 24 hours to 23:00 GMT, USD weakened 0.95% against the JPY and closed at 80.75. In the Asian session, at GMT0400, the pair is trading at 80.71, with the USD trading 0.04% lower from yesterday’s close. The pair … Continue reading
Posted in USD/JPY
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GBP/USD: Shop price inflation declined in the UK; Pair trading higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.93% against the USD and closed at 1.5717, after house prices in the UK fell unexpectedly in February, declining for the third time in the past four months. Lloyds Banking Group’s … Continue reading
Posted in GBP/USD
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EUR/USD: Euro recouping some of yesterday’s losses this morning
For the 24 hours to 23:00 GMT, EUR declined 0.75% against the USD and closed at 1.3116, after a news report stated that an Institute of International Finance has warned that Greek default could do €1 trillion ($1.3 trillion) of … Continue reading
Posted in EUR/USD
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