Daily Archives: August 24, 2012

Trading signals for Friday 24-08-2012

Forex, Commodities and Index signals for Friday 24-08-2012 11:00 GMT Continue reading

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Crude Oil: Oil fell on weak demand prospects; trading lower in the Asian session

Oil prices declined 1.47% against the USD for the 24 hour period ending 23:00GMT, closing at 95.89, as rising US jobless claims and weak manufacturing activity in China raised demand concern, from the world’s two largest oil consumers. In the … Continue reading

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Silver: Trading between its MA’s

Silver prices rose 2.26% to USD 30.51 per ounce during the 24 hours ending 23:00GMT, in line with rise in base metal prices. In the Asian session, at GMT0300, Silver is trading at 30.47, 0.15% lower from yesterday’s close. Silver … Continue reading

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Gold: Yellow metal paring yesterday’s gain this morning

Gold prices traded higher by 1.00% against the USD in the 24 hour period ending 23:00GMT, at 1669.65 per ounce, as the Federal Reserve Bank of Chicago President, Charles Evans urged for further monetary-policy easing around the world. In the … Continue reading

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AUD/USD: Aussie trading higher this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.78% against the USD to close at 1.0428. LME Copper prices rose 1.3% or $96.0/MT to $7667.3/MT. Aluminium prices rose 1.8% or $32.8/MT to $1861.3/MT. In the Asian session, at GMT0300, … Continue reading

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USD/CAD: Loonie marginally higher in the Asian session

For the 24 hours to 23:00 GMT, USD rose 0.34% against the CAD to close at 0.9941. In the US, the Markit flash manufacturing purchasing managers’ index rose slightly to 51.9 in August, from 51.4 in July. In the Asian … Continue reading

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USD/CHF: Swiss Franc rose on positive Swiss trade balance data

For the 24 hours to 23:00 GMT, USD declined 0.15% against the CHF and closed at 0.9562. The Swiss Frace rose after the trade surplus in Switzerland widened to CHF2.9 billion in July, from a revised CHF2.2 billion surplus in … Continue reading

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USD/JPY: USD gaining strength this morning

For the 24 hours to 23:00 GMT, USD weakened marginally against the JPY and closed at 78.56, after the Federal Reserve Bank of Chicago President, Charles Evans, broadened his call for more stimulus in the US. Additionally, in the US, … Continue reading

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GBP/USD: UK GDP expected to remain in contraction territory

For the 24 hours to 23:00 GMT, GBP fell 0.18% against the USD and closed at 1.5856. In the UK, the Confederation of British Industry (CBI) reported that retail sales balance unexpectedly fell to the reading of -3 in August, … Continue reading

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EUR/USD: Euro steady ahead of Angela Merkel and Antonis Samaras meeting

For the 24 hours to 23:00 GMT, EUR rose 0.12% against the USD and closed at 1.2558, as better-than-forecasted manufacturing activity data in France and Germany eased some of the pessimism surrounding the region’s economy. In Germany, the manufacturing purchasing … Continue reading

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