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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 3, 2012
Trading signals for Friday 03-08-2012
Forex, Commodities and Index signals for Friday 03-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Silver: Trading flat after tumbling yesterday
Silver prices declined 1.00% to USD 27.18 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading flat at 27.19, from yesterday’s close. Silver is expected to find support at 26.85, and a … Continue reading
Posted in Silver
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Gold: Trading higher this morning
Gold prices traded lower by 0.69% against the USD in the 24 hour period ending 23:00GMT, at 1589.50 per ounce, as the greenback strengthened. In the Asian session, at GMT0300, Gold is trading at 1590.55, 0.07% higher from yesterday’s close. … Continue reading
Posted in Gold
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Crude oil: Crude oil higher on supply threats, global economic woes capped gains
Oil prices declined 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 87.43. In the Asian session, at GMT0300, Crude Oil is trading at 87.48, 0.06% higher from yesterday’s close, buoyed by the recent North Sea … Continue reading
Posted in Crude Oil
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AUD/USD: Risk aversion sends Aussie south, cementing gains in the Asian session
For the 24 hours to 23:00 GMT, AUD weakened 0.09% against the USD to close at 1.0456, as risk appetite eased after the European Central bank failed to introduce sufficient steps to address the region’s debt crisis. LME Copper prices … Continue reading
Posted in AUD/USD
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USD/CAD: Greenback higher on flight to safety, trading lower this morning
For the 24 hours to 23:00 GMT, USD rose 0.27% against the CAD to close at 1.0075, as signs of slowing global growth and concern that Europe’s debt crisis is worsening raised demand for the safe-haven greenback. In the US, … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss PMI improved in July but remains in contraction territory
For the 24 hours to 23:00 GMT, USD rose 0.48% against the CHF and closed at 0.9866. On the Swiss economic front, the seasonally adjusted manufacturing purchasing managers’ index (PMI) improved to 48.6 in July, from 48.1 in June. Market … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues its northward journey this morning
For the 24 hours to 23:00 GMT, USD weakened 0.20% against the JPY and closed at 78.25. Yesterday, the Bank of Japan (BoJ) board member, Yoshihisa Morimoto, stated that that Japan’s economy is headed for a recovery, however he warned … Continue reading
Posted in USD/JPY
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GBP/USD: NIESR cuts UK growth forecast
For the 24 hours to 23:00 GMT, GBP fell 0.22% against the USD and closed at 1.5512. Yesterday, the Bank of England’s (BoE) monetary policy committee kept the benchmark rate unchanged at 0.5% and held the size of its quantitative … Continue reading
Posted in GBP/USD
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EUR/USD: ECB’s inaction triggers risk off trade
For the 24 hours to 23:00 GMT, EUR declined 0.50% against the USD and closed at1.2176, after the European Central Bank (ECB) disappointed investors who were hoping for imminent move to fight the Euro-zone debt crisis. The European Central Bank … Continue reading
Posted in EUR/USD
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