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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
USD/CAD: Canadian Dollar weakens on soft US, Euro-zone data
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CAD to close at 0.9867, after weak data on US private sector employment added to concerns over the outlook for the US recovery, bolstering safe haven demand. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc weakens after manufacturing activity contracts in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.62% against the CHF and closed at 0.9134. The Swiss Franc weakened, after manufacturing activity in Switzerland contracted unexpectedly in April after a modest expansion in March. The Swiss SVME-purchasing … Continue reading
Posted in USD/CHF
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USD/JPY: Japanese Yen trading lower this morning
For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 80.11. In the US, the Automatic Data Processing, Inc. (ADP) reported that private sector employment increased by 119,000 jobs in April, following a … Continue reading
Posted in USD/JPY
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GBP/USD: Pound remains lower amid growth concerns
For the 24 hours to 23:00 GMT, GBP fell 0.15% against the USD and closed at 1.6198, after construction sector activity in the UK expanded at a slower pace in April. A separate report by the Bank of England … Continue reading
Posted in GBP/USD
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EUR/USD: Disappointing Euro-zone manufacturing PMI sends Euro lower
For the 24 hours to 23:00 GMT, EUR declined 0.62% against the USD and closed at 1.3154, as investor sentiment were dented after manufacturing PMI in France, Germany and the Euro-zone disappointed markets. Another set of data released yesterday … Continue reading
Posted in EUR/USD
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Trading signals for Wednesday 02-05-2012
Forex, Commodities and Index signals for Wednesday 02-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Crude Oil rises on upbeat manufacturing data from US and China
Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 105.86, supported by positive manufacturing data from the US and China that lifted hopes of higher oil demand at the world’s top two … Continue reading
Posted in Crude Oil
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Silver: White metal trading below its MA’s
Silver prices declined 0.16% to USD30.99 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.88, 0.34% lower from yesterday’s close. Silver is expected to find support at 30.66, and … Continue reading
Posted in Silver
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Gold: Yellow metal losses its shine as US data eases economic concerns
Gold prices traded lower by 0.20% against the USD in the 24 hour period ending 23:00GMT, at 1662.45 per ounce, as upbeat US manufacturing data soothed worries about the state of nation’s economy and dampened hopes of more monetary … Continue reading
Posted in Gold
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AUD/USD: Aussie slips after RBA rate cut, trading higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.82% against the USD to close at 1.0333, after the Reserve Bank of Australia (RBA) slashed the key interest rate by 50 basis points to 3.75% from 4.25%. The rate … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar gets a lift from firm US data; tad lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.16% against the CAD to close at 0.9858. Canadian dollar gained against greenback as an upbeat US manufacturing data eased investors’ concerns about the Canadian economic outlook, US’s largest trading … Continue reading
Posted in USD/CAD
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