Monthly Archives: July 2012

USD/JPY: Greenback continues its gains against the Yen in the Asian session

For the 24 hours to 23:00 GMT, USD strengthened 0.11% against the JPY and closed at 79.92. In the Asian session, at GMT0300, the pair is trading at 79.97, with the USD trading 0.06% higher from yesterday’s close. The pair … Continue reading

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GBP/USD: Pound tad lower ahead of BoE policy decision

For the 24 hours to 23:00 GMT, GBP fell 0.61% against the USD and closed at 1.5591, after UK service sector growth slackened in June. In the UK, services purchasing manager index (PMI) fell more-than-expected to reading of 51.3 in … Continue reading

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EUR/USD: Euro trading higher ahead of ECB rate decision

For the 24 hours to 23:00 GMT, EUR declined 0.63% against the USD and closed at 1.2524, amid weak service sector data from the Euro-zone. In the Euro-zone, services purchasing manager index (PMI) continued to remain in contraction but rose … Continue reading

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Trading signals for Wednesday 04-07-2012

Forex, Commodities and Index signals for Wednesday 04-07-2012 11:00 GMT Continue reading

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Crude Oil: Oil rose on Iran tension, trading lower this morning

Oil prices advanced 4.84% against the USD for the 24 hour period ending 23:00GMT, closing at 87.74, on rising Middle East concerns and amid speculation that global central banks would give greater consideration to stimulate the economy via easing measures. … Continue reading

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Silver: Trading lower this morning after yesterday’s surge

Silver prices rose 7.36% to USD 28.25 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 28.12, 0.48% lower from yesterday’s close. Silver is expected to find support at 27.59, and … Continue reading

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Gold: Yellow metal gives up gains in the Asian session

Gold prices traded higher by 1.45% against the USD in the 24 hour period ending 23:00GMT, at 1620.45 per ounce, as greenback weakened amid speculation of monetary easing by the Federal Reserve and other central banks to stimulate the global … Continue reading

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AUD/USD: Aussie up as RBA kept its rate on hold

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0284, after Reserve Bank of Australia (RBA) kept its benchmark interest rate steady at 3.5%, in line with the market expectation. LME Copper prices … Continue reading

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USD/CAD: Loonie rose on higher crude oil prices, trading lower this morning

For the 24 hours to 23:00 GMT, USD declined 0.43% against the CAD to close at 1.0124. The Canadian Dollar rose after oil prices climbed and following speculation that central banks in Europe and the US might add monetary stimulus. … Continue reading

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USD/CHF: Pair trading above its MA’s

For the 24 hours to 23:00 GMT, USD rose 0.20% against the CHF and closed at 0.9530. In the US, factory orders rose more-than-expected by 0.7% (MoM) in May, against the market expectation of a 0.1% rise. In the Asian … Continue reading

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USD/JPY: Yen drifting lower in the Asian session

For the 24 hours to 23:00 GMT, USD strengthened 0.45% against the JPY and closed at 79.83. In economic news, factory orders in the US rose 0.7% (MoM) in May, surpassing market expectations for a 0.1% rise. In Japan, labor … Continue reading

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