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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: March 2012
Trading signals for Thursday 29-03-2012
Forex, Commodities and Index signals for Thursday 29-03-2012 11:00 GMT Continue reading
Posted in Trading Signals
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AUD under pressure
The Australian dollar struggled through the overnight session, weighed down by lingering concern over how severe the slowdown in China could become. A McCrann article in the Australian press added to the selling pressure, claiming that a cut to the RBA’s cash rate at next Tuesday’s meeting is actually more likely than not. Continue reading
Posted in Market Snapshot
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GBP/USD: Pound slipped after UK growth revised down, trading higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.39% against the USD and closed at 1.5891, after the UK Office for National Statistics revised down its estimate of fourth-quarter Gross Domestic Product to show a quarterly contraction of 0.3% … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading higher this morning, investors awaits German unemployment report
For the 24 hours to 23:00 GMT, EUR declined 1.3319% against the USD and closed at 1.3319, after European Central Bank policymaker and the President of the Bundesbank, Jens Weidmann, stated that raising the Euro-zone’s rescue fund will only end … Continue reading
Posted in EUR/USD
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AUD/USD: Aussie continues to drift lower this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.55% against the USD to close at 1.0391. In the Asian session, at GMT0300, the pair is trading at 1.0366, with the AUD trading 0.24% lower from yesterday’s close. Data released … Continue reading
Posted in AUD/USD
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USD/CAD: Hovering near Parity
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 0.9982. The Canadian dollar fell on the reports that the durable goods demand in the US, its biggest trading, rose less-than-expected in January. Decline … Continue reading
Posted in USD/CAD
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USD/CHF: Trading in tight range
For the 24 hours to 23:00 GMT, USD rose 0.03% against the CHF and closed at 0.9050. In the Asian session, at GMT0300, the pair is trading at 0.9047, with the USD trading 0.03% lower from yesterday’s close. The pair … Continue reading
Posted in USD/CHF
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USD/JPY: Yen firms on year-end repatriation, upbeat retail sales data in Japan
For the 24 hours to 23:00 GMT, USD weakened 82.96% against the JPY and closed at 82.96. The Yen rose amid seasonal buying from Japanese exporters ahead of the end of their financial year. Additionally, weaker-than-expected US durable goods orders … Continue reading
Posted in USD/JPY
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Crude Oil: Oil down on EIA report, strategic release talks
Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 105.48, amid rise in the US crude oil inventories. The Energy Information Administration reported that the US crude oil inventories rose by 7.10 million … Continue reading
Posted in Crude Oil
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Silver: Silver prices extended its losses in the Asian session
Silver prices declined 1.57% to USD32.10 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 32.05, 0.15% lower from yesterday’s close. Silver is expected to find support at 31.67, and a … Continue reading
Posted in Silver
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Gold: Continues to lose shine on tipid physical demand
Gold prices traded lower by 1.13% against the USD in the 24 hour period ending 23:00GMT, at 1661.87 per ounce, amid sluggish physical demand. In the Asian session, at GMT0300, Gold is trading at 1661.51, 0.02% lower from yesterday’s close. … Continue reading
Posted in Gold
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