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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 4, 2012
Trading signals for Friday 04-05-2012
Forex, Commodities and Index signals for Friday 04-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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RBA still dovish
The RBA’s quarterly Statement on Monetary Policy provided further colour on the decision to cut the cash rate by 50 bp on Tuesday. End-2012 forecasts for both core inflation and GDP were modestly downgraded. This came as a minor relief to FX investors, some of whom had feared such a large rate reduction might need substantial forecast downgrades in order to justify it. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil fell as ECB Chief sparks growth concerns, trading higher this morning
Oil prices declined 2.68% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, after European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity-boosting measures and said the economic outlook in the region … Continue reading
Posted in Crude Oil
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Silver: Silver trading below its MA’s
Silver prices declined 1.71% to USD30.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.13, flat from yesterday’s close. Silver is expected to find support at 29.81, and a … Continue reading
Posted in Silver
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Gold: Yellow metal trading higher this morning
Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1635.38 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1637.00, 0.10% higher from yesterday’s … Continue reading
Posted in Gold
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AUD/USD: RBA cuts inflation and growth forecasts, amid soft labor market
For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 1.0265. In the Asian session, at GMT0300, the pair is trading at 1.0269, with the AUD trading marginally higher from yesterday’s close, after … Continue reading
Posted in AUD/USD
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USD/CAD: Canada dollar weakened on back of weaker-than-expected US non-manufacturing data
For the 24 hours to 23:00 GMT, USD rose 0.18% against the CAD to close at 0.9884. The Loonie fell against greenback, after economic data released yesterday showed that ISM non-manufacturing index in the US fell to 53.5 in … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc marginally higher in Asian session
For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9136. In Switzerland, the UBS Real Estate Bubble Index rose to 0.95 in the first quarter of 2012, compared to 0.80 in fourth … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen trading higher this morning
For the 24 hours to 23:00 GMT, USD strengthened 0.18% against the JPY and closed at 80.26. In the Asian session, at GMT0300, the pair is trading at 80.17, with the USD trading 0.11% lower from yesterday’s close. The … Continue reading
Posted in USD/JPY
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GBP/USD: Pound pressurized on sluggish house prices and service PMI data, trading marginally higher this morning
For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6187, after reports showed that Nationwide house prices in the UK fell unexpectedly in April. Additionally, services PMI in the UK fell more … Continue reading
Posted in GBP/USD
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EUR/USD: Euro dropped as Spanish bond yields rose; Draghi wary of more Euro-zone jitters
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3152, after the European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity measures to boost European economy. He further stated … Continue reading
Posted in EUR/USD
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