Monthly Archives: May 2012

USD/CHF: Swiss Franc continues to decline in Asian session

  For the 24 hours to 23:00 GMT, USD rose 0.05% against the CHF and closed at 0.9078. In the Asian session, at GMT0300, the pair is trading at 0.9088, with the USD trading 0.11% higher from yesterday’s close. The … Continue reading

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USD/JPY: Trading flat this morning

  For the 24 hours to 23:00 GMT, USD strengthened 0.33% against the JPY and closed at 80.16, after reports showed a rise in US manufacturing activity. In the US, the Institute for Supply Management reported that manufacturing PMI rose … Continue reading

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GBP/USD: Pound weakened on poor UK manufacturing data, trading modestly higher this morning

  For the 24 hours to 23:00 GMT, GBP fell 0.08% against the USD and closed at 1.6221, after reports showed that manufacturing purchasing managers’ index (PMI) in the UK declined to 50.5 in April, compared to 51.9 in March. … Continue reading

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EUR/USD: Greenback extends gains against the Euro on positive US manufacturing data

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3236, as strong US manufacturing data spurred investors to greenback, while Spanish economic recovery concerns continued to weigh on investor sentiment. In the … Continue reading

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Trading signals for Tuesday 01-05-2012

Forex, Commodities and Index signals for Tuesday 01-05-2012 11:00 GMT Continue reading

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Crude Oil: Continues to trade flat

  Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.83. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0300, … Continue reading

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Silver: Pair trading between its MA’s

  Silver prices declined 0.80% to USD31.04 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.08, 0.12% higher from yesterday’s close. Silver is expected to find support at 30.64, and … Continue reading

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Gold: Yellow metal rose on tipid US data

  Gold prices traded higher by 0.10% against the USD in the 24 hour period ending 23:00GMT, at 1665.75 per ounce, as the greenback weakened on poor US economic data. In the Asian session, at GMT0300, Gold is trading at … Continue reading

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AUD/USD: Aussie trading lower this morning on sluggish Australian economic data

  For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0419. In the Asian session, at GMT0300, the pair is trading at 1.0410, with the AUD trading 0.08% lower from yesterday’s close, after … Continue reading

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USD/CAD: Loonie backpedals; Canadian economy stalls in February

  For the 24 hours to 23:00 GMT, USD rose 0.67% against the CAD to close at 0.9874. The Canadian Dollar came under pressure, after reports showed that Canadian economy contracted unexpectedly in February. On a monthly basis, the gross … Continue reading

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USD/CHF: Swiss Franc trading marginally higher this morning

  For the 24 hours to 23:00 GMT, USD traded flat against the CHF and closed at 0.9073. In Switzerland, the KOF Swiss Economic Institute reported that its employment indicator rose to a reading of 1.8 in the second quarter … Continue reading

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