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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 16, 2012
Trading signals for Friday 16-03-2012
Forex, Commodities and Index signals for Friday 16-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Focus on US Data today
Currency markets were mostly indecisive during the Asia session despite the brief episode of dollar buying when Richmond Fed President Lacker explained why he dissented again at Tuesday’s FOMC. Even before this, Lacker had revealed his preference for a rate hike in 2013, but this time the FX reaction was more apparent. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil fell on reports of agreement on SPR release, bounces back in Asia
\ Oil prices declined 0.21% against the USD for the 24 hour period ending 23:00GMT, closing at 105.46, amid news that the US and the UK would release oil from their existing stockpiles, including the US Strategic Petroleum Reserve (SPR), … Continue reading
Posted in Crude Oil
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Silver: Rising demand for industrial metals boosted Silver prices
Silver prices rose 0.73% to USD 32.45 per ounce during the 24 hours ending 23:00GMT, as demand for industrial metal rose, after surveys by the Federal Reserve Bank in Philadelphia and New York showed manufacturing activity expanded, providing more proof … Continue reading
Posted in Silver
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Gold: Yellow metal shines amid bargain hunting
Gold prices traded higher by 0.76% against the USD in the 24 hour period ending 23:00GMT, at 1655.93 per ounce, as bargain hunters bounced back to take advantage of lower precious metal prices. In the Asian session, at GMT0400, Gold … Continue reading
Posted in Gold
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AUD/USD: Aussie trading above its MA’s
For the 24 hours to 23:00 GMT, AUD strengthened 0.76% against the USD to close at 1.0521. In the Asian session, at GMT0400, the pair is trading at 1.0544, with the AUD trading 0.22% higher from yesterday’s close. LME Copper … Continue reading
Posted in AUD/USD
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USD/CAD: Higher risk appetite boosts Loonie
For the 24 hours to 23:00 GMT, USD declined 0.10% against the CAD to close at 0.9922. The Canadian Dollar rose as risk appetite increased after the executive board of the International Monetary Fund (IMF) approved a €28 billion ($36.49 … Continue reading
Posted in USD/CAD
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USD/CHF: SECO upgraded Swiss growth forecast for 2012; Swiss Franc continues its upward journey
For the 24 hours to 23:00 GMT, USD declined 0.81% against the CHF and closed at 0.9234. On the economic front, Switzerland’s State Secretariat for Economics (SECO) improved its growth prospects to 0.8% for 2012, up from a December forecast … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to trade higher
For the 24 hours to 23:00 GMT, USD weakened 0.25% against the JPY and closed at 83.59. On the data front, In Japan, Tokyo Condominium Sales rose 13.0% (YoY) in February compared to a growth of 32.6% in January. In … Continue reading
Posted in USD/JPY
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GBP/USD: Pound extending its previous session gains
For the 24 hours to 23:00 GMT, GBP rose 0.24% against the USD and closed at 1.5705. In the Asian session, at GMT0400, the pair is trading at 1.5721, with the GBP trading 0.10% higher from yesterday’s close. The pair … Continue reading
Posted in GBP/USD
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EUR/USD: Euro gained momentum after IMF approved a 4-year loan for Greece
For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3079, after the executive board of the International Monetary Fund (IMF) approved a €28 billion ($36.49 billion) loan for Greece. The approval would allow … Continue reading
Posted in EUR/USD
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