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Monthly Archives: April 2012
Gold: Gold gained on hopes for more easing, slips in Asian session
Gold prices traded higher by 1.06% against the USD in the 24 hour period ending 23:00GMT, at 1676.05 per ounce, as greenback weakened, amid renewed possibility of economic stimulus in the US economy, following comments from Federal officials. In … Continue reading
Posted in Gold
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AUD/USD: Aussie pared yesterday gains, amid disappointing Chinese GDP data
For the 24 hours to 23:00 GMT, AUD strengthened 1.18% against the USD to close at 1.0434, on strong Australian employment data. In the Asian session, at GMT0300, the pair is trading at 1.0395, with the AUD trading 0.37% … Continue reading
Posted in AUD/USD
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USD/CAD: Rise in risk appetite boosts Loonie, tad lower in Asian session
For the 24 hours to 23:00 GMT, USD declined 0.85% against the CAD to close at 0.9949. In Canada, the New Housing Price Index rose 0.3% (MoM) in February, compared to 0.1% increase in previous month. Market had expected … Continue reading
Posted in USD/CAD
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USD/CHF: US dollar recoup yesterday’s losses
For the 24 hours to 23:00 GMT, USD declined 0.60% against the CHF and closed at 0.9115. In the Asian session, at GMT0300, the pair is trading at 0.9122, with the USD trading 0.08% higher from yesterday’s close. The … Continue reading
Posted in USD/CHF
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USD/JPY: Yen strengthened against greenback
For the 24 hours to 23:00 GMT, USD weakened 0.04% against the JPY and closed at 80.91. Earlier in the day, the Bank of Japan (BoJ) Governor, Masaaki Shirakawa stated that the BoJ would pursue powerful easing to help … Continue reading
Posted in USD/JPY
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GBP/USD: Pound traded higher yesterday, despite negative UK trade balance data
For the 24 hours to 23:00 GMT, GBP rose 0.20% against the USD and closed at 1.5954. The greenback declined against the Pound, as the Federal Reserve signaled low interest rates to continue triggering a risk on flight by … Continue reading
Posted in GBP/USD
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EUR/USD: Euro traded higher as industrial production in the Euro-zone came in slightly better; trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.46% against the USD and closed at 1.3181, after European industrial production gained unexpectedly in February. However, the gains in the Euro came down later in the session, amid lack … Continue reading
Posted in EUR/USD
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Trading signals for Thursday 12-04-2012
Forex, Commodities and Index signals for Thursday 12-04-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Australian employment report stronger than expected
A much stronger than expected Australian employment report gave AUDUSD 70 pips of upside overnight. 44k new jobs were created against expectations of only 6.5k, and the unemployment rate held steady at 5.2% despite fears it would tick higher. Continue reading
Posted in Market Snapshot
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Crude Oil: Crude oil climbs as Beige Book confirms growth
Oil prices advanced 1.51% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, as the Fed Beige Book confirmed growth in the world’s largest economy. The Federal Reserve’s Beige Book report indicated that the US … Continue reading
Posted in Crude Oil
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Silver: Silver trading below its MA’s
Silver prices declined 0.09% to USD 31.64 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.61, 0.06% lower from yesterday’s close. Silver is expected to find support at 31.39, … Continue reading
Posted in Silver
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