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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 7, 2012
Trading signals for Tuesday 07-08-2012
Forex, Commodities and Index signals for Tuesday 07-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude oil: Oil extends its rally in the Asian session
Crude oil prices advanced 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 92.01, as recent positive US economic data raised expectation that the demand for oil would rise from its biggest consumer. Additionally, ongoing turmoil … Continue reading
Posted in Crude Oil
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Silver: Silver backpedals in the Asian session
Silver prices rose 0.41% to USD 27.88 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.87, 0.06% lower from yesterday’s close. Silver is expected to find support at 27.65, and … Continue reading
Posted in Silver
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Gold: Yellow metal continues its northward journey this morning
Gold prices traded higher by 0.43% against the USD in the 24 hour period ending 23:00GMT, at 1611.00 per ounce. In the Asian session, at GMT0300, Gold is trading at 1612.05, 0.07% higher from yesterday’s close. Gold is expected to … Continue reading
Posted in Gold
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AUD/USD: Trading above its MA’s
For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0564. LME Copper prices rose 1.0% or $71.0/MT to $7397.5/ MT. Aluminium prices rose 1.2% or $22.5/MT to $1828.8/ MT. In the Asian session, … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading at parity in the Asian session
For the 24 hours to 23:00 GMT, USD declined marginally against the CAD to close at 1.0006. In the Asian session, at GMT0300, the pair is trading at 1.0000, trading 0.06% lower from yesterday’s close. The pair is expected to … Continue reading
Posted in USD/CAD
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USD/CHF: Investors await unemployment & CPI data in Switzerland
For the 24 hours to 23:00 GMT, USD declined 0.11% against the CHF and closed at 0.9692. The Federal Reserve Chairman, Ben Bernanke, stated that although broad measurements of the economy point to recovery, many people and businesses are facing … Continue reading
Posted in USD/CHF
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USD/JPY: Yen lower ahead of trade balance data in Japan
For the 24 hours to 23:00 GMT, USD weakened 0.47% against the JPY and closed at 78.24. In Japan, the leading index fell to a reading of 92.6 in June, from a reading of 95.2 in May, while, the coincident … Continue reading
Posted in USD/JPY
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GBP/USD: Pound fell on speculation that BoE might cut UK’s growth forecast
For the 24 hours to 23:00 GMT, GBP fell 0.27% against the USD and closed at 1.5592, on growing concerns that the Bank of England (BoE) would cut its forecast for growth in Wednesday’s quarterly inflation report and would introduce … Continue reading
Posted in GBP/USD
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EUR/USD: Prints fresh highs above 1.2400, German factory orders and Italian GDP awaited
For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.2392, extending its Friday’s gains on the back of recent positive US economic data and hopes that policymaker would take action to help debt-market … Continue reading
Posted in EUR/USD
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