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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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Monthly Archives: May 2012
EUR/USD: Euro fell on Greek fears, Spanish worries
For the 24 hours to 23:00 GMT, EUR declined 0.42% against the USD and closed at 1.2937, amid growing uncertainty surrounding Greece’s political situation and deepening financial concerns in Spain. Sentiments were hit as Greece remained divided on forming a … Continue reading
Posted in EUR/USD
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Crude Oil: Oil price tumbled amid a surge in stockpiles, trading higher this morning
Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 96.40, after reports showed rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that crude inventories rose 3.7 million barrels … Continue reading
Posted in Crude Oil
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Silver: Silver trading between its MA’s
Silver prices declined 0.70% to USD 29.26 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 29.17, 0.31% lower from yesterday’s close. Silver is expected to find support at 28.76, and … Continue reading
Posted in Silver
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Gold: Gold trims some losses in the Asian session
Gold prices traded lower by 0.93% against the USD in the 24 hour period ending 23:00GMT, at 1591.20 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1591.44, marginally higher from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie trading higher on Australian jobs report, China trade surplus
For the 24 hours to 23:00 GMT, AUD weakened 0.43% against the USD to close at 1.0053. LME Copper prices declined 1.8% or $145.0/MT to $ 8088.5/ MT. Aluminium prices declined 1.9% or $39.0/MT to $ 1986.8/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie down as risk aversion increased
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0020, as risk aversion increased amid political turmoil in Greece. In the Asian session, at GMT0300, the pair is trading at 1.0025, with the … Continue reading
Posted in USD/CAD
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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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