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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: May 1, 2012
Trading signals for Tuesday 01-05-2012
Forex, Commodities and Index signals for Tuesday 01-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Continues to trade flat
Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.83. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0300, … Continue reading
Posted in Crude Oil
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Silver: Pair trading between its MA’s
Silver prices declined 0.80% to USD31.04 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.08, 0.12% higher from yesterday’s close. Silver is expected to find support at 30.64, and … Continue reading
Posted in Silver
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Gold: Yellow metal rose on tipid US data
Gold prices traded higher by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1665.75 per ounce, as the greenback weakened on poor US economic data. In the Asian session, at GMT0300, Gold is trading at … Continue reading
Posted in Gold
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AUD/USD: Aussie trading lower this morning on sluggish Australian economic data
For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0419. In the Asian session, at GMT0300, the pair is trading at 1.0410, with the AUD trading 0.08% lower from yesterday’s close, after … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie backpedals; Canadian economy stalls in February
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CAD to close at 0.9874. The Canadian Dollar came under pressure, after reports showed that Canadian economy contracted unexpectedly in February. On a monthly basis, the gross … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading marginally higher this morning
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9073. In Switzerland, the KOF Swiss Economic Institute reported that its employment indicator rose to a reading of 1.8 in the second quarter … Continue reading
Posted in USD/CHF
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USD/JPY: Greenback weakened amid poor US economic data
For the 24 hours to 23:00 GMT, USD weakened 0.53% against the JPY and closed at 79.90, on poor US economic data. In the US, the Chicago Purchasing Managers’ Index fell to 56.2 in April, compared to 62.2 in … Continue reading
Posted in USD/JPY
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GBP/USD: Pound fell on Spain debt woes, continues to trade lower this morning
For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6234, as lingering worries about the Spain’s debt crisis weighed on investors’ sentiments. In the Asian session, at GMT0300, the pair is trading … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading flat as Spain re-enters recession
For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3241. The Euro initially traded lower, amid reports that indicated that Spanish economy returned to recession in the first quarter of 2012. Additionally, … Continue reading
Posted in EUR/USD
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