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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: October 2012
USD/JPY: Dollar strengthened amid a surge in US new home sales
For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 79.85, following a rise in new home sales in the US. On the economic front, new home sales in the US rose 5.7% … Continue reading
Posted in USD/JPY
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GBP/USD: Trading higher ahead of UK’s GDP report
For the 24 hours to 23:00 GMT, GBP rose 0.51% against the USD and closed at 1.6030, as expectations for more easing by the Bank of England waned following remarks late Tuesday by the central bank’s Governor, Mervyn King. According … Continue reading
Posted in GBP/USD
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EUR/USD: Euro recorded losses amid weak Euro-zone and German economic data, trading higher this morning
For the 24 hours to 23:00 GMT, EUR declined 0.07% against the USD and closed at 1.2965, weighed down by weak economic data in the Euro-zone and Germany. Yesterday, the European Central Bank President, Mario Draghi defended central bank’s plan … Continue reading
Posted in EUR/USD
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Silver: White metal trading lower in the Asian session
Silver prices rose 0.26% to the USD31.89 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0300, Silver is trading at 31.87, 0.06% lower from yesterday’s close. Silver is expected to find support at 31.58, … Continue reading
Posted in Silver
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Gold: Yellow metal continued its yesterday’s losses
Gold prices traded lower by 0.25% against the USD in the 24 hour period ending 23:00GMT, at 1706.95 per ounce, after the US Federal Reserve concluded its 2-day meeting yesterday and, as expected, made no change to its highly … Continue reading
Posted in Gold
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Crude Oil: Oil declined on surging US crude stocks, weak data from Europe, trading higher this morning
Crude Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 85.77, as rising US crude inventories and weak Euro-zone economic data sparked fresh demand concerns. Yesterday, the US Energy Information Administration reported … Continue reading
Posted in Crude Oil
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Trading signals for Wednesday 24-10-2012
Forex, Commodities and Index signals for Wednesday 24-10-2012 11:00 GMT Continue reading
Posted in Trading Signals
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AUD/USD: Aussie strengthens on upbeat domestic CPI data, growth in China factory sector
For the 24 hours to 23:00 GMT, AUD weakened 0.66% against the USD to close at 1.0268, after data indicated that the leading economic index in Australia declined for August. Additionally, traders turned cautious after Moody’s downgraded its credit … Continue reading
Posted in AUD/USD
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USD/CAD: BoC warns of rate increase, flags debt concerns, pair trading lower this morning
For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9927. Yesterday, the Bank of Canada (BoC) kept its interest rate at 1.0% for the 17th consecutive time. However, it indicated that … Continue reading
Posted in USD/CAD
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USD/CHF: Greenback erases gains this morning
For the 24 hours to 23:00 GMT, the USD rose 0.72% against the CHF and closed at 0.9330. In the US, the Federal Reserve Bank of Richmond reported that its manufacturing index retreated to a reading of -7 in … Continue reading
Posted in USD/CHF
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USD/JPY: Trading flat this morning
For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 79.82. On the economic front, Japan’s small business confidence survey registered a reading of 43.7 in September, compared to a reading of … Continue reading
Posted in USD/JPY
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