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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: August 1, 2012
Trading signals for Wednesday 01-08-2012
Forex, Commodities and Index signals for Wednesday 01-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil prices trading higher this morning, after tumbling more than 2% yesterday
Oil prices declined 2.10% against the USD for the 24 hour period ending 23:00GMT, closing at 87.80. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil inventories declined 11.6 million barrels in the week ended July … Continue reading
Posted in Crude Oil
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Silver: Trading marginally lower in the Asian session
Silver prices declined 0.58% to USD 27.99 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.97, marginally lower from yesterday’s close. Silver is expected to find support at 27.75, and … Continue reading
Posted in Silver
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Gold: Gold trading below its short term moving averages
Gold prices traded lower by 0.40% against the USD in the 24 hour period ending 23:00GMT, at 1614.60 per ounce. In the Asian session, at GMT0300, Gold is trading at 1614.75, marginally higher from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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AUD/USD: Aussie marginally higher this morning
For the 24 hours to 23:00 GMT, AUD weakened 0.10% against the USD to close at 1.0490. LME Copper prices rose 0.8% or $61.0/MT to $ 7580.5/ MT. Aluminium prices rose 0.6% or $11.0/MT to $ 1862.3/ MT. In the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian economic growth slows in May
For the 24 hours to 23:00 GMT, USD rose 0.17% against the CAD to close at 1.0033. In Canada, gross domestic product rose 0.1% (MoM) in May, compared to a rise of 0.3% in April. Separately, industrial product price and … Continue reading
Posted in USD/CAD
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USD/CHF: Swissy trading steady in the Asian session
For the 24 hours to 23:00 GMT, USD declined 0.28% against the CHF and closed at 0.9770. In Switzerland, the consumption indicator climbed to 1.60 in June, from a revised reading of 1.02 in May. Meanwhile, in the US, Treasury … Continue reading
Posted in USD/CHF
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USD/JPY: Pair trading lower this morning; FOMC in focus
For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.13. In Japan, housing starts fell 0.2% (YoY) in June, compared to a 9.3% surge in May. Additionally, annualized housing starts in the nation … Continue reading
Posted in USD/JPY
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GBP/USD: Moody’s lowers UK GDP growth forecast
For the 24 hours to 23:00 GMT, GBP fell 0.26% against the USD and closed at 1.5669. The Moody’s Investors Service lowered gross domestic product (GDP) forecast for UK to 0.4% in 2012 and 1.8% in 2013. However, it retained … Continue reading
Posted in GBP/USD
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EUR/USD: Euro up on the ECB hopes, trading flat this morning
For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.2295, amid hopes that the European Central Bank (ECB) would take steps to stem the Euro-zone debt crisis, after the central bank’s head, Mario … Continue reading
Posted in EUR/USD
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