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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 17, 2012
Trading signals for Thursday 17-05-2012
Forex, Commodities and Index signals for Thursday 17-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: US set to seek G-8 support for oil reserve release, oil trading higher this morning
Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 92.87, amid rise in US crude oil inventories. The Energy Information Administration (EIA) reported the US crude oil inventories rose 2.13 million barrels for … Continue reading
Posted in Crude Oil
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Silver: White metal rebounds in the Asian session
Silver prices declined 1.67% to USD 27.27 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.59, 1.17% higher from yesterday’s close, as bargain hunters resurfaced after prices tumbled in the … Continue reading
Posted in Silver
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Gold: Gold trading higher as Fed indicates monetary stimulus
Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1540.40 per ounce. In the Asian session, at GMT0300, Gold is trading at 1546.19, 0.38% higher from yesterday’s close, as the US Dollar … Continue reading
Posted in Gold
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AUD/USD: Aussie gives up some losses in the Asian session
For the 24 hours to 23:00 GMT, AUD weakened 0.16% against the USD to close at 0.9921, as risk aversion increased amid deepening turmoil in Greece and fears of contagion to other Euro-zone economies. LME Copper prices declined 1.8% or … Continue reading
Posted in AUD/USD
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USD/CAD: Trading above its MA’s
For the 24 hours to 23:00 GMT, USD rose 0.53% against the CAD to close at 1.0121. The Loonie fell as increased risk aversion among investors’ overweighed positive manufacturing sales data in Canada. Yesterday, manufacturing shipments in Canada rose 1.9% … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc fell on weak economic sentiment data, trading higher this morning
For the 24 hours to 23:00 GMT, USD rose 0.11% against the CHF and closed at 0.9441. The Swiss Franc came under pressure after data showed that economic sentiment in Switzerland deteriorated in May. Yesterday, the Centre for European Economic … Continue reading
Posted in USD/CHF
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USD/JPY: Yen gaining strength as Japan GDP jumps 4.1% surpassing expectation
For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY and closed at 80.38. In the Asian session, at GMT0300, the pair is trading at 80.30, with the USD trading 0.10% lower from yesterday’s close. The Yen … Continue reading
Posted in USD/JPY
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GBP/USD: Pound tumbles as BoE cuts forecasts, steady this morning
For the 24 hours to 23:00 GMT, GBP fell 0.48% against the USD and closed at 1.5916, after Bank of England (BoE) cut the UK growth forecast for 2012 and expected inflation to stay above target for a year. The … Continue reading
Posted in GBP/USD
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EUR/USD: Trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined 0.12% against the USD and closed at 1.2721, as rising concern that Greece might be expelled from the Euro bloc overshadowed better-than-expected French and German bond auctions. The Euro also came … Continue reading
Posted in EUR/USD
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