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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/JPY: Yen plummeted as Fitch downgrades Japan; recoups losses after BoJ leaves policy unchanged
For the 24 hours to 23:00 GMT, USD strengthened 0.82% against the JPY and closed at 79.99. The Yen fell after Fitch Ratings downgraded Japan to ‘A+’ and issued a negative outlook on the country’s credit rating. On the economic … Continue reading
Posted in USD/JPY
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USD/CHF: Greenback continues to trade higher against the Swiss Franc
For the 24 hours to 23:00 GMT, USD rose 1.04% against the CHF and closed at 0.9474, after the release of better than expected US housing data. The National Association of Realtors (NAR) reported that existing home sales in the … Continue reading
Posted in USD/CHF
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GBP/USD: Pound slips as UK inflation slows unexpectedly
For the 24 hours to 23:00 GMT, GBP fell 0.36% against the USD and closed at 1.5769, after the UK annual inflation slowed more-than-expected in April and reached the lowest since February 2010, raising the possibility of a new round … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading lower on caution ahead of EU summit
For the 24 hours to 23:00 GMT, EUR declined 1.04% against the USD and closed at 1.2677, amid growing concerns over the issues of Greece & Spain’s debt problems. Euro came under pressure, after former Greek Prime Minister, Lucas Papademos, … Continue reading
Posted in EUR/USD
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Trading signals for Tuesday 22-05-2012
Forex, Commodities and Index signals for Tuesday 22-05-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil trading lower ahead of inventor reports
Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 92.93, after Iran stated that it would not abandon its nuclear program and ahead of Wednesday’s discussions between Iranian officials and six world powers … Continue reading
Posted in Crude Oil
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Silver: Silver futures prices down on sluggish spot demand
Silver prices declined 0.50% to USD 28.57 per ounce during the 24 hours ending 23:00GMT, on reduced off-take by traders amid a weak trend in overseas markets. In the Asian session, at GMT0300, Silver is trading at 28.45, 0.41% lower … Continue reading
Posted in Silver
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Gold: Gold under pressure in Asia, stronger US Dollar continues to weigh
Gold prices traded higher by 0.14% against the USD in the 24 hour period ending 23:00GMT, at 1594.20 per ounce, amid a weaker dollar. In the Asian session, at GMT0300, Gold is trading at 1591.30, 0.18% lower from yesterday’s close. … Continue reading
Posted in Gold
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AUD/USD: Aussie gives up some gains in the Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 1.09% against the USD to close at 0.9912. LME Copper prices rose 0.1% or $4.8/MT to $ 7800.0/ MT. Aluminium prices declined 0.6% or $12.5/MT to $ 2003.8/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian Dollar gaining strength in the Asian session
For the 24 hours to 23:00 GMT, USD rose 0.51% against the CAD to close at 1.0175. The Atlanta Federal Reserve Bank President, Dennis Lockhart stated that “sustained monetary accommodation” is appropriate in order to keep the US economic recovery … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc rose on Switzerland consumer confidence data, trading lower this morning
For the 24 hours to 23:00 GMT, USD declined 0.49% against the CHF and closed at 0.9376. The Swiss Franc rose after consumer confidence in Switzerland rose more-than-expected to -8.0 in the three months to April, following a reading of … Continue reading
Posted in USD/CHF
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