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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 9, 2012
Trading signals for Wednesday 09-05-2012
Forex, Commodities and Index signals for Wednesday 09-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil down amid rise in US oil stockpiles
Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 97.23, amid rise in the US crude oil inventories. Late yesterday, American Petroleum Institute (API) reported that crude oil inventories rose 7.8 million barrels … Continue reading
Posted in Crude Oil
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Silver: White metal continues to tumble in the Asian session
Silver prices declined 2.11% to USD 29.47 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.06, 1.39% lower from yesterday’s close. Silver is expected to find support at 28.67, and … Continue reading
Posted in Silver
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Gold: Rising dollar erodes demand for precious metals
Gold prices traded lower by 1.98% against the USD in the 24 hour period ending 23:00GMT, at 1606.17 per ounce, as the greenback strengthened. However, losses in precious metal were limited, amid signs of strong physical demand in China after … Continue reading
Posted in Gold
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AUD/USD: Aussie trading lower on risk aversion
For the 24 hours to 23:00 GMT, AUD weakened 1.09% against the USD to close at 1.0096, following wider-than-expected trade deficit in Australia in March. Meanwhile, Australian federal government’s in its fiscal budget for 2012-13 announced that nation’s economy would … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar falls towards parity on Greek concern
For the 24 hours to 23:00 GMT, USD rose 0.64% against the CAD to close at 0.9993, as risk appetite faded, amid political uncertainty in Europe. Concerns that Greece would not be unable to form a government resulted in increased … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc lower on broad dollar strength
For the 24 hours to 23:00 GMT, USD rose 0.45% against the CHF and closed at 0.9244. The International Monetary Fund (IMF) has stated that the Swiss National Bank’s decision to cap the strong currency is appropriate due to slow … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading flat ahead of trade balance data in Japan
For the 24 hours to 23:00 GMT, USD flat against the JPY and closed at 79.87. In the US, the IBD and TIPP reported that the Economic Optimism Index declined to a reading of 48.5 in May, compared to a … Continue reading
Posted in USD/JPY
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GBP/USD: Pound slips further on weak BRC retail sales data
For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.6149. In the Asian session, at GMT0300, the pair is trading at 1.6133, with the GBP trading 0.1% lower from yesterday’s close, after retail … Continue reading
Posted in GBP/USD
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EUR/USD: Euro down amid political uncertainty in Euro-zone
For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.2993, as Greece’s politicians struggle to form a new government, raising concern that the nation might leave the Euro bloc. On the economic front, … Continue reading
Posted in EUR/USD
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