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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 trading lower in the Asian session
For the 24 hours to 23:00 GMT, EUR rose 0.51% against the USD and closed at 1.3054. The Euro initially came under pressure, after the outcome of elections in Greece and France during the weekend, threatened to derail the region’s … Continue reading
Posted in EUR/USD
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AUD/USD: Aussie drifting lower after trade balance in Australia widens
For the 24 hours to 23:00 GMT, AUD strengthened 0.77% against the USD to close at 1.0208, following a series of positive economic data in Australia. In Australia, building permits rose 7.4% (MoM) in March, while retail sales rose 0.9% … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie rose on upbeat building permits data in Canada, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.41% against the CAD to close at 0.9929. The Canadian Dollar rose after building permits in Canada rose 4.7% (MoM) in March, compared to a 7.6% rise in February, and against … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9203. In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland stood at 3.1% in April, in line with the market forecast … Continue reading
Posted in USD/CHF
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Trading signals for Monday 07-05-2012
Forex, Commodities and Index signals for Monday 07-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Trading signals for Friday 04-05-2012
Forex, Commodities and Index signals for Friday 04-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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RBA still dovish
The RBA’s quarterly Statement on Monetary Policy provided further colour on the decision to cut the cash rate by 50 bp on Tuesday. End-2012 forecasts for both core inflation and GDP were modestly downgraded. This came as a minor relief to FX investors, some of whom had feared such a large rate reduction might need substantial forecast downgrades in order to justify it. Continue reading
Posted in Market Snapshot
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Crude Oil: Oil fell as ECB Chief sparks growth concerns, trading higher this morning
Oil prices declined 2.68% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, after European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity-boosting measures and said the economic outlook in the region … Continue reading
Posted in Crude Oil
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Silver: Silver trading below its MA’s
Silver prices declined 1.71% to USD30.12 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.13, flat from yesterday’s close. Silver is expected to find support at 29.81, and a … Continue reading
Posted in Silver
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Gold: Yellow metal trading higher this morning
Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1635.38 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1637.00, 0.10% higher from yesterday’s … Continue reading
Posted in Gold
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AUD/USD: RBA cuts inflation and growth forecasts, amid soft labor market
For the 24 hours to 23:00 GMT, AUD weakened 0.50% against the USD to close at 1.0265. In the Asian session, at GMT0300, the pair is trading at 1.0269, with the AUD trading marginally higher from yesterday’s close, after … Continue reading
Posted in AUD/USD
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