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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: July 2012
Gold: Yellow metal steady above $1,600/oz
Gold prices traded higher by 1.46% against the USD in the 24 hour period ending 23:00GMT, at 1604.50 per ounce, as the greenback weakened. In the Asian session, at GMT0300, Gold is trading steady at 1604.40, from yesterday’s close. Gold … Continue reading
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AUD/USD: Australian Dollar rises on Nowotny’s comment on ESM banking licence
For the 24 hours to 23:00 GMT, AUD strengthened 0.91% against the USD to close at 1.0310, buoyed by comments about the possibility of a Euro-zone bailout solution. Investors risk appetite was boosted, after European Central Bank council member, Ewald … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie continues its rally this morning
For the 24 hours to 23:00 GMT, USD declined 0.61% against the CAD to close at 1.0156. In Canada, Teranet/National Bank house prices rose 1.2% (MoM) in June, following a 1.1% rise in May. In the Asian session, at GMT0300, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading lower in the Asian session
For the 24 hours to 23:00 GMT, USD declined 0.64% against the CHF and closed at 0.9888. In the US, new home sales, on a seasonally adjusted basis, tumbled 8.4% to an annual rate of 350,000 in June, the lowest … Continue reading
Posted in USD/CHF
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USD/JPY: Japan raises economic assessment for April-June
For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.13. In the Asian session, at GMT0300, the pair is trading at 78.12, with the USD trading marginally lower from yesterday’s close. This morning, … Continue reading
Posted in USD/JPY
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GBP/USD: Pound lower as the UK economy continued contraction in Q2
For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.5492, after data showed that the UK economy contracted more-than-expected in the second quarter of 2012. In the UK, the seasonally adjusted gross domestic … Continue reading
Posted in GBP/USD
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EUR/USD: Euro up amid ECB talks on rescue fund; trading lower this morning
For the 24 hours to 23:00 GMT, EUR rose 0.64% against the USD and closed at 1.2146, after the European Central Bank (ECB) Governing Council member, Ewald Nowotny, stated there were arguments for giving Euro-zone permanent rescue fund a banking … Continue reading
Posted in EUR/USD
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Trading signals for Wednesday 25-07-2012
Forex, Commodities and Index signals for Wednesday 25-07-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Turmoil in Syria pushed oil prices higher
Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 88.03, amid supply worries triggered by turmoil in Syria. Late yesterday, the American Petroleum Institute (API) reported that the crude inventories rose 1.3 million … Continue reading
Posted in Crude Oil
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Silver: Trading above its MA’s
Silver prices declined 0.32% to USD 26.96 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 26.99, 0.09% higher from yesterday’s close. Silver is expected to find support at 26.69, and … Continue reading
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Gold: Gold holds on to yesterday’s gains
Gold prices traded higher by 0.31% against the USD in the 24 hour period ending 23:00GMT, at 1581.43 per ounce, as weak economic data from the US raised hopes for more monetary stimulus. In the Asian session, at GMT0300, Gold … Continue reading
Posted in Gold
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