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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 24, 2012
Trading signals for Thursday 24-05-2012
Forex, Commodities and Index signals for Thursday 24-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Weak Chinese PMI weighs on oil prices this morning
Oil prices declined 1.25% against the USD for the 24 hour period ending 23:00GMT, closing at 90.54, as increasing speculation that Greece may exit Euro-bloc raised expectations for weaker oil demand, while hopes of a deal between Iran and the … Continue reading
Posted in Crude Oil
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Silver: Silver cementing gains in the Asian session
Silver prices declined 1.29% to USD 27.82 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 0.19% higher from yesterday’s close. Silver is expected to find support at 27.35, and … Continue reading
Posted in Silver
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Gold: Gold fell on continuing Greece concerns
Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1562.15 per ounce, as fears that Greece is closer to abandoning the Euro-bloc led investors to shift preference to the US Dollar. In … Continue reading
Posted in Gold
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AUD/USD: Aussie lower after Chinese PMI disappoints
For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9767, as pessimism over the outcome of a summit of European leaders weighed on the investor sentiment. LME Copper prices declined 1.8% or $142.3/MT … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie lower as Europe’s debt crisis deters risk-taking
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0241, The Loonie fell as risk aversion increased among investors, after European Union leaders failed to introduce new measures to stem the Euro-zone debt … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower ahead of trade balance data in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.67% against the CHF and closed at 0.9537. Meanwhile, Minneapolis Federal Reserve Bank (Fed) President, Narayana Kocherlakota, reiterated his recent comments that the US was closer to full employment than jobless … Continue reading
Posted in USD/CHF
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USD/JPY: Yen strengthens on BoJ inaction, trading flat this morning
For the 24 hours to 23:00 GMT, USD weakened 0.61% against the JPY and closed at 79.50. The Yen rose after Bank of Japan (BoJ) holdback on further stimulus. Yesterday, Japan’s central bank left interest rates unchanged, as expected, and … Continue reading
Posted in USD/JPY
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GBP/USD: Pound declines after BoE Minutes, retail sales data; UK GDP data awaited
For the 24 hours to 23:00 GMT, GBP fell 0.45% against the USD and closed at 1.5699, following the release of the Bank of England’s May meeting minutes and after retail sales in the UK fell at their fastest monthly … Continue reading
Posted in GBP/USD
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EUR/USD: Euro down on Greek exit concerns
For the 24 hours to 23:00 GMT, EUR declined 0.66% against the USD and closed at 1.2594, as investor sentiment was dented amid mounting worries over the Greece’s possible exit from the Euro-zone. The European Union leaders at the summit … Continue reading
Posted in EUR/USD
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