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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 22, 2012
Trading signals for Thursday 22-03-2012
Forex, Commodities and Index signals for Thursday 22-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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China’s flash PMI estimate for March came in well below February’s final print
AUDUSD dropped 100 pips after China’s flash PMI estimate for March came in well below February’s final print (48.1 versus previous 49.6). The PMI also added to the kiwi’s troubles, compounding the selloff that began earlier after very weak New Zealand Q4 GDP. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil rose amid drop in crude stockpile, trading lower this morning on China demand concerns
Oil prices advanced 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 106.89, after an unexpected drop in the US crude oil inventories and amid continues tensions between Iran and the West. During the day, oil … Continue reading
Posted in Crude Oil
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Silver: Silver retreats in the Asian session
Silver prices rose 0.36% to USD 32.17 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.11, 0.19% lower from yesterday’s close. Silver is expected to find support at 31.86, and … Continue reading
Posted in Silver
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Gold: Gold gained on bargain hunting, tad lower this morning
Gold prices traded higher by 0.07% against the USD in the 24 hour period ending 23:00GMT, at 1650.25 per ounce, as investors seized the opportunity to buy precious metal at the bargain price. In the Asian session, at GMT0400, Gold … Continue reading
Posted in Gold
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AUD/USD: Aussie lower on weak China PMI
For the 24 hours to 23:00 GMT, AUD weakened 0.34% against the USD to close at 1.0449. In the Asian session, at GMT0400, the pair is trading at 1.0392, with the AUD trading 0.54% lower from yesterday’s close, after a … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading lower this morning, awaits Canadian retail sales data later today
For the 24 hours to 23:00 GMT, USD rose 0.12% against the CAD to close at 0.9924. On the economic front, Canadian composite leading index rose for eight consecutive months by 0.6% in February, following a 0.4% gain in January. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher ahead of trade balance data in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.17% against the CHF and closed at 0.9127. Swiss Franc fell after the Swiss National Bank stated that money supply growth in the nation eased in February. In Switzerland, M3 money … Continue reading
Posted in USD/CHF
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USD/JPY: Yen surged this morning after Japan reported trade surplus
For the 24 hours to 23:00 GMT, USD weakened 0.27% against the JPY and closed at 83.46. In economic news, convenience store sales in Japan rose 4.8% (YoY) in February, compared to a rise of 1.7% in January. In the … Continue reading
Posted in USD/JPY
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GBP/USD: Pound unmoved by Osborne’s Budget, BoE’s Minutes
For the 24 hours to 23:00 GMT, GBP traded flat against the USD and closed at 1.5866. GBP had come under pressure after reports showed an unexpected jump in February UK public borrowing. The public sector net borrowing reported a … Continue reading
Posted in GBP/USD
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EUR/USD: Euro fell on Spain’s concerns, trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined 0.19% against the USD and closed at 1.3211, as risk aversion returned and market participants remained cautious as the focus shifted to Spain and away from Greece. Spanish bond yields climbed … Continue reading
Posted in EUR/USD
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