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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 3, 2012
Trading signals for Thursday 03-05-2012
Forex, Commodities and Index signals for Thursday 03-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Focus on ECB’s Press Conference
FUNDAMENTAL OUTLOOK at 0800 GMT (EDT +0400) WORLD Expectations are building that today’s ECB press conference could see the central bank turn significantly more dovish., with euro negative consequences. Wednesday’s series of worrisome Eurozone data prints would certainly seem to … Continue reading
Posted in Market Snapshot
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Crude Oil: Crude Oil drops as US oil stocks hit 22-year high
Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 105.40, as weak economic data in Europe and the US dampened demand outlook. Crude-oil further declined after US crude-oil inventories rose to their … Continue reading
Posted in Crude Oil
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Silver: Silver trading below its MA’s
Silver prices declined 1.11% to USD30.65 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.46, 0.60% lower from yesterday’s close. Silver is expected to find support at 30.25, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues to trade lower
Gold prices traded lower by 0.53% against the USD in the 24 hour period ending 23:00GMT, at 1653.60 per ounce, as weak physical demand and growing speculation that the Federal Reserve is less likely to intervene in the economy … Continue reading
Posted in Gold
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AUD/USD: Aussie declines in Asian session on disappointing non-manufacturing PMI in China
For the 24 hours to 23:00 GMT, AUD weakened 0.17% against the USD to close at 1.0316. In the Asian session, at GMT0300, the pair is trading at 1.0295, with the AUD trading 0.21% lower from yesterday’s close, after … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar weakens on soft US, Euro-zone data
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9867, after weak data on US private sector employment added to concerns over the outlook for the US recovery, bolstering safe haven demand. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc weakens after manufacturing activity contracts in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.62% against the CHF and closed at 0.9134. The Swiss Franc weakened, after manufacturing activity in Switzerland contracted unexpectedly in April after a modest expansion in March. The Swiss SVME-purchasing … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen trading lower this morning
For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 80.11. In the US, the Automatic Data Processing, Inc. (ADP) reported that private sector employment increased by 119,000 jobs in April, following a … Continue reading
Posted in USD/JPY
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GBP/USD: Pound remains lower amid growth concerns
For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.6198, after construction sector activity in the UK expanded at a slower pace in April. A separate report by the Bank of England … Continue reading
Posted in GBP/USD
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EUR/USD: Disappointing Euro-zone manufacturing PMI sends Euro lower
For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.3154, as investor sentiment were dented after manufacturing PMI in France, Germany and the Euro-zone disappointed markets. Another set of data released yesterday … Continue reading
Posted in EUR/USD
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