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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: August 2012
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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Trading signals for Thursday 02-08-2012
Forex, Commodities and Index signals for Thursday 02-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude oil: Oil continues its rally on EIA data
Oil prices advanced 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 88.75. Yesterday, the Energy Information Administration (EIA) reported that the US crude oil inventories decreased by 6.50 million barrels to 373.60 million barrels in … Continue reading
Posted in Crude Oil
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Silver: Trading higher after yesterday’s fall
Silver prices declined 1.89% to USD 27.46 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 27.48, 0.10% higher from yesterday’s close. Silver is expected to find support at 27.05, and … Continue reading
Posted in Silver
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Gold: Yellow metal fell on stronger greenback; trading higher in the Asian session
Gold prices traded lower by 0.87% against the USD in the 24 hour period ending 23:00GMT, at 1600.50 per ounce, as the greenback strengthened after the Federal Reserve offered no measures to stimulate the economy. In the Asian session, at … Continue reading
Posted in Gold
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AUD/USD: Aussie up after positive economic data from Australia
For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0465, on broad dollar strength. LME Copper prices declined 1.1% or $83.0/MT to $7497.5/ MT. Aluminium prices declined 1.0% or $18.5/MT to $1843.8/ MT. … Continue reading
Posted in AUD/USD
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USD/CAD: Loonie trading flat in the Asian session
For the 24 hours to 23:00 GMT, USD rose 0.15% against the CAD to close at 1.0048, after the Federal Reserve took no new monetary stimulus to provide additional support for the economy after a two-day policy meeting. In the … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc higher ahead of retail sales and PMI data in Switzerland
For the 24 hours to 23:00 GMT, USD rose 0.50% against the CHF and closed at 0.9819. There were no major releases in Switzerland yesterday. Meanwhile, in the US, the Institute of Supply Management (ISM) index stated that its manufacturing … Continue reading
Posted in USD/CHF
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USD/JPY: Trading above its MA’s
For the 24 hours to 23:00 GMT, USD strengthened 0.36% against the JPY and closed at 78.41, after the Federal Reserve refrained from monetary easing. In the US, payroll processor ADP stated that the private sector employment increased by a … Continue reading
Posted in USD/JPY
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