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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
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
Posted in AUD/USD
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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
Posted in USD/CAD
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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
Posted in USD/CHF
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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
Posted in USD/JPY
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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
Posted in GBP/USD
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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
Posted in EUR/USD
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Trading signals for Thursday 23-08-2012
Forex, Commodities and Index signals for Thursday 23-08-2012 11:00 GMT Continue reading
Posted in Trading Signals
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Crude Oil: Oil extended gains following EIA data
Oil prices advanced 0.55% against the USD for the 24 hour period ending 23:00GMT, closing at 97.32, amid higher-than-expected drop in the US crude oil inventories. The Energy Information Administration (EIA) reported that the US crude oil inventories fell 5.4 … Continue reading
Posted in Crude Oil
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Silver: White metal rises above $30 per ounce this morning
Silver prices rose 1.98% to USD 29.84 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 30.15, 1.06% higher from yesterday’s close. Silver is expected to find support at 29.54, and … Continue reading
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Gold: Yellow metal rose on weaker greenback
Gold prices traded higher by 0.99% against the USD in the 24 hour period ending 23:00GMT, at 1653.10 per ounce, as the greenback weakened after Federal Reserve minutes showed that policy makers are open to more stimulus if needed. In … Continue reading
Posted in Gold
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