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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
Crude Oil: Oil fell on demand concerns
Oil prices declined 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 90.79, as fears that the Spanish economy is running under increasing financial strain dampened investor sentiment, fueling concerns that the Spanish economy, already deep … Continue reading
Posted in Crude Oil
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Silver: White metal extends losses in the Asian session
Silver prices declined 2.35% to USD 27.83 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.72, 0.37% lower from yesterday’s close. Silver is expected to find support at 27.36, and … Continue reading
Posted in Silver
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Gold: Continues to trade lower
Gold prices traded lower by 1.34% against the USD in the 24 hour period ending 23:00GMT, at 1554.06 per ounce, amid a stronger greenback. In the Asian session, at GMT0300, Gold is trading at 1547.36, 0.43% lower from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie drifting lower after retail sales in Australia fell unexpectedly
For the 24 hours to 23:00 GMT, AUD weakened 0.9834% against the USD to close at 0.9834. LME Copper prices declined 0.7% or $53.8/MT to $7685.3/ MT. Aluminium prices declined 0.1% or $1.0/MT to $1979.3/ MT. In the Asian session, … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie extends its losses in the Asian session
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 1.0231. The Canadian Dollar came under pressure, following a weak economic data from the US, its biggest trading partner. In the US, consumer confidence … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback extends its gains against the Swiss Franc
For the 24 hours to 23:00 GMT, USD rose 0.38% against the CHF and closed at 0.9625. On the economic front, the Swiss UBS Consumption Indicator rose to 1.41 points in April, following 1.20 points registered in March. In the … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading lower ahead of Japan industrial production data
For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY and closed at 79.50. In economic news, in Japan, Nomura/ JMMA manufacturing purchasing manager index stood at 50.7 in May, unchanged from the reading of April. Additionally … Continue reading
Posted in USD/JPY
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GBP/USD: Pound continues to lose steam this morning
For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.5633. The Bank of England Chief Economist, Spencer Dale stated that the UK economy may see a gradual recovery in growth this year adding … Continue reading
Posted in GBP/USD
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EUR/USD: Euro down as risk sentiment was dented on Spain worries
For the 24 hours to 23:00 GMT, EUR declined 0.45% against the USD and closed at 1.2481, as renewed worries over high Spanish borrowing costs and the nation’s fragile banking system raised concern that Europe’s debt crisis is spreading. Yesterday, … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 29-05-2012
Forex, Commodities and Index signals for Tuesday 29-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Trading lower
Oil prices declined 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 91.22. In the Asian session, at GMT0300, Crude Oil is trading at 91.19, marginally lower from yesterday’s close. Crude oil is expected to find … Continue reading
Posted in Crude Oil
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