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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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Daily Archives: June 1, 2012
Trading signals for Friday 01-06-2012
Forex, Commodities and Index signals for Friday 01-06-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil falls below $87 per barrel as US supplies rise to a 22-year high
Oil prices declined 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 86.49, amid demand concern following rise in the US jobless claims and crude oil inventories. The Energy Information Administration (EIA) reported that the US … Continue reading
Posted in Crude Oil
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Silver: Silver continues its downtrend in the Asian session
Silver prices declined 0.75% to USD 27.74 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.68, 0.21% lower from yesterday’s close. Silver is expected to find support at 27.41, and … Continue reading
Posted in Silver
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Gold: Stronger dollar curtails gold prices
Gold prices traded 0.21% lower against the USD in the 24 hour period ending 23:00GMT, at 1560.33 per ounce, as the greenback strengthened, amid persistent fears over the Euro-zone debt crises. In the Asian session, at GMT0300, Gold is trading … Continue reading
Posted in Gold
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AUD/USD: Aussie lower this morning on weak China PMI report
For the 24 hours to 23:00 GMT, AUD strengthened 0.18% against the USD to close at 0.9723. LME Copper prices declined 0.3% or $26.0/MT to $ 7516.5/ MT. Aluminium prices declined 0.8% or $16.0/MT to $ 1973.3/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie down ahead of Canadian GDP report
For the 24 hours to 23:00 GMT, USD rose 0.25% against the CAD to close at 1.0329. In Canada, current account deficit widened less-than-expected to C$10.3 billion in the first quarter of 2012, against the market expectation of C$10.9 billion … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower; Investors awaiting Swiss PMI and retail sales data
For the 24 hours to 23:00 GMT, USD rose marginally against the CHF and closed at 0.9715. In economic news, the Swiss economy expanded 0.7% (QoQ) in the Q1 FY2012, compared to a 0.5% rise in the Q4 FY2012. In … Continue reading
Posted in USD/CHF
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USD/JPY: Yen gives up some gains against the US Dollar in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.91% against the JPY and closed at 78.37. The Yen advanced after housing starts in Japan surged 10.3% (YoY) in April, compared to a 5.0% rise in March. Additionally, construction orders … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading lower this morning; UK PMI data awaited
For the 24 hours to 23:00 GMT, GBP fell 0.44% against the USD and closed at 1.5405. In economic news, Nationwide Building Society reported that the UK house prices rose 0.3% (MoM) in May, from 0.3% drop in April. Meanwhile, … Continue reading
Posted in GBP/USD
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EUR/USD: Euro down amid persisting Euro worries
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2364, amid jitters over the Irish referendum, looming Greek elections and continued worries over Spain’s faltering banking sector. Yesterday, Ireland voted on a key … Continue reading
Posted in EUR/USD
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