Daily Archives: November 2, 2012

Trading signals for Friday 02-11-2012

Forex, Commodities and Index signals for Friday 02-11-2012 11:00 GMT Continue reading

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AUD/USD: Australian producer prices rise less than forecast

  For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0413, amid rise in risk appetite after release of a string of better-than-forecast US data. LME Copper prices declined 0.1% or $8.3/MT to … Continue reading

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USD/CAD: Trading flat this morning

  For the 24 hours to 23:00 GMT, the USD declined 0.37% against the CAD to close at 0.9964. The Canadian Dollar strengthened as an unexpected rise in a gauge of manufacturing in the US, Canada’s biggest trading partner, boosted … Continue reading

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USD/CHF: Cementing gains this morning

  For the 24 hours to 23:00 GMT, the USD rose marginally against the CHF and closed at 0.9316. In Switzerland, the manufacturing purchasing managers’ index (PMI) rose to a reading of 46.1 in October, against the forecast for a … Continue reading

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USD/JPY: Central bank would maintain powerful monetary easing, indicates BoJ Minutes

  For the 24 hours to 23:00 GMT, the USD strengthened 0.45% against the JPY and closed at 80.22. The Japan Automobile Dealers Association reported that automobile sales declined 9.0% (YoY) in October, following an 8.1% drop recorded in the … Continue reading

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GBP/USD: Pair trading lower this morning ahead of the UK construction PMI data

  For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6133. On the economic front, UK’s manufacturing PMI declined to a reading of 47.5 in October, compared to a revised reading of 48.1 … Continue reading

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EUR/USD: Euro pressured amid persistent Spain and Greece concerns

  For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.2947, as concerns over Spain and Greece weighed on the Euro. Meanwhile, the Federal Reserve Bank of Boston President, Eric Rosengren stated that … Continue reading

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Crude Oil: Crude Oil rose amid a drop in oil supplies, trading lower this morning

  Crude Oil prices advanced 0.88% against the USD for the 24 hour period ending 23:00GMT, closing at 86.89, after a US government report indicated that oil supplies declined unexpectedly last week. Positive economic data from the US also supported … Continue reading

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Silver: White metal trading lower in the Asian session

  Silver prices rose marginally to the USD32.31 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 32.09, 0.69% lower from yesterday’s close. Silver is expected to find support at 31.89, … Continue reading

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Gold: Yellow metal trading lower this morning

  Gold prices traded lower by 0.26% against the USD in the 24 hour period ending 23:00GMT, at 1715.87 per ounce. In the Asian session, at GMT0400, Gold is trading at 1708.85, 0.41% lower from yesterday’s close. Gold is expected … Continue reading

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