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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
USD/JPY: Yen continues its rally in the Asian session
For the 24 hours to 23:00 GMT, USD weakened 0.08% against the JPY and closed at 78.71, after release of weak US economic data raised speculation that more stimulus may be coming from the Fed. In the US, home sales, … Continue reading
Posted in USD/JPY
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GBP/USD: Sterling drifting lower in the Asian session
For the 24 hours to 23:00 GMT, GBP rose 0.44% against the USD and closed at 1.5718. In the UK, retail sales on a seasonally adjusted basis rose 0.3% (MoM) in June, against the market expectation of a 0.4% rise. … Continue reading
Posted in GBP/USD
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EUR/USD: German parliament voted in favor of rescue plan; Euro trading lower in the Asian session
For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.2276, as rising borrowing cost in a Spanish bond auction raised concerns that the region’s debt crisis is deepening. In a bond auction, the … Continue reading
Posted in EUR/USD
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Trading signals for Thursday 19-07-2012
Forex, Commodities and Index signals for Thursday 19-07-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil prices continues its rally on EIA report
Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 89.90. Yesterday, the Energy Information Administration (EIA) showed that the US crude oil inventories fell 809,000 barrels for the week ended July 13. Gasoline … Continue reading
Posted in Crude Oil
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Silver: Trading higher this morning
Silver prices declined 0.50% to USD 27.16 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.30, 0.53% higher from yesterday’s close. Silver is expected to find support at 27.03, and … Continue reading
Posted in Silver
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Gold: Bargain hunters back into the action, gold rises in Asian session
Gold prices traded lower by 0.64% against the USD in the 24 hour period ending 23:00GMT, at 1573.38 per ounce, as upbeat housing data in the US and a wait-and-see attitude from Federal Reserve Chairman, Ben Bernanke weighed on gold … Continue reading
Posted in Gold
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AUD/USD: Aussie continues its rally in the Asian session
For the 24 hours to 23:00 GMT, AUD strengthened 0.52% against the USD to close at 1.0361. LME Copper prices declined 1.0% or $75.0/MT to $7595.5/ MT. Aluminium prices declined 1.1% or $20.0/MT to $1868.3/ MT. In the Asian session, … Continue reading
Posted in AUD/USD
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USD/CAD: BoC downgrades economic forecast
For the 24 hours to 23:00 GMT, USD declined 0.25% against the CAD to close at 1.0101. Yesterday, the Bank of Canada (BoC) in its Monthly Policy Report (MPR) revised its Canadian economic growth forecast to 2.1% this year and … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading higher ahead of Swiss trade balance data
For the 24 hours to 23:00 GMT, USD rose 0.08% against the CHF and closed at 0.9783. In Switzerland, the ZEW economic sentiment rose to a reading of -42.5 in July, compared to a reading of -43.4 in June. In … Continue reading
Posted in USD/CHF
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USD/JPY: Greenback slips on demand for Yen
For the 24 hours to 23:00 GMT, USD weakened 0.48% against the JPY and closed at 78.77, after investors, weary of interpreting Ben Bernanke’s reserved testimony before Congress, opted for the Yen. Federal Reserve (Fed) Chairman, Ben Bernanke concluded two … Continue reading
Posted in USD/JPY
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