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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 23, 2012
Trading signals for Wednesday 23-05-2012
Forex, Commodities and Index signals for Wednesday 23-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Higher inventories and Chinese growth concerns weighed on oil prices this morning
Oil prices declined 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 91.69, as signs of deal between Iran and the UN nuclear watchdog eased worries about crude supplies and amid rise in the US crude … Continue reading
Posted in Crude Oil
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Silver: White metal continue to plunge in the Asian session
Silver prices declined 1.37% to USD 28.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 1.12% lower from yesterday’s close. Silver is expected to find support at 27.48, and … Continue reading
Posted in Silver
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Gold: Rising dollar curtails demand for precious metals
Gold prices traded lower by 1.60% against the USD in the 24 hour period ending 23:00GMT, at 1568.65 per ounce, on a stronger greenback. In the Asian session, at GMT0300, Gold is trading at 1559.56, 0.58% lower from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie down on Europe & China concerns
For the 24 hours to 23:00 GMT, AUD weakened 1.18% against the USD to close at 0.9795. LME Copper prices declined 0.4% or $27.5/MT to $ 7772.5/ MT. Aluminium prices declined 0.4% or $7.5/MT to $ 1996.3/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Risk aversion weighed on Loonie, Canadian retail sales data awaited
For the 24 hours to 23:00 GMT, USD rose 0.38% against the CAD to close at 1.0213, as risk aversion increased among investors amid worries of Greece exit from the Euro-zone. Meanwhile, Organization for Economic Co-operation and Development (OECD) stated … Continue reading
Posted in USD/CAD
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USD/JPY: Yen plummeted as Fitch downgrades Japan; recoups losses after BoJ leaves policy unchanged
For the 24 hours to 23:00 GMT, USD strengthened 0.82% against the JPY and closed at 79.99. The Yen fell after Fitch Ratings downgraded Japan to ‘A+’ and issued a negative outlook on the country’s credit rating. On the economic … Continue reading
Posted in USD/JPY
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USD/CHF: Greenback continues to trade higher against the Swiss Franc
For the 24 hours to 23:00 GMT, USD rose 1.04% against the CHF and closed at 0.9474, after the release of better than expected US housing data. The National Association of Realtors (NAR) reported that existing home sales in the … Continue reading
Posted in USD/CHF
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GBP/USD: Pound slips as UK inflation slows unexpectedly
For the 24 hours to 23:00 GMT, GBP fell 0.36% against the USD and closed at 1.5769, after the UK annual inflation slowed more-than-expected in April and reached the lowest since February 2010, raising the possibility of a new round … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading lower on caution ahead of EU summit
For the 24 hours to 23:00 GMT, EUR declined 1.04% against the USD and closed at 1.2677, amid growing concerns over the issues of Greece & Spain’s debt problems. Euro came under pressure, after former Greek Prime Minister, Lucas Papademos, … Continue reading
Posted in EUR/USD
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