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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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Daily Archives: January 16, 2013
Trading signals for Wednesday 16-01-2013
Forex, Commodities and Index signals for Wednesday 16-01-2013 11:00 GMT Continue reading
Posted in Trading Signals
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GBP/USD: Pound reverses previous session losses
For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6062, as market sentiment was hit by concerns over the US debt ceiling debate. In the UK economic news, the retail price index … Continue reading
Posted in GBP/USD
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USD/CHF: Swiss Franc trading higher this morning
For the 24 hours to 23:00 GMT, the USD rose 1.17% against the CHF and closed at 0.9323, following the release of upbeat US retail sales data In the US, retail sales rose by 0.5% (MoM) in December, following … Continue reading
Posted in USD/CHF
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USD/JPY: Machine orders increase in Japan
For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 88.84. The Japanese Yen rose after nation’s Economy Minister, Akira Amari stated that the nation faces risks from any excessive decline in … Continue reading
Posted in USD/JPY
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EUR/USD: Euro retreated as debt ceiling fears bolstered demand for the greenback
For the 24 hours to 23:00 GMT, EUR fell 0.59% against the USD and closed at 1.3298, as investors avoided riskier currencies amid US debt ceiling concerns. Concerns heightened after Fitch Ratings reiterated its warning that a delay in … Continue reading
Posted in EUR/USD
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USD/CAD: Existing home sales decreased in Canada
For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 0.9845. Existing home sales in Canada fell 0.5% (MoM) in December, following a 1.7% decline recorded in the previous month. In the … Continue reading
Posted in USD/CAD
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AUD/USD: Consumer confidence index improves in Australia
For the 24 hours to 23:00 GMT, AUD weakened marginally against the USD to close at 1.0560. LME Copper prices declined 1.1% or $85.3/MT to $7944.5/MT. Aluminium prices declined 2.9% or $60.0/MT to $2002.3/MT. In the Asian session, at … Continue reading
Posted in AUD/USD
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Crude Oil: Trading higher in the Asian session
Crude Oil prices declined 0.71% against the USD for the 24 hour period ending 23:00GMT, closing at 93.44, as the sixth straight contraction in the US New York-area manufacturing sector and fight over the US debt ceiling stoked concerns … Continue reading
Posted in Crude Oil
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Silver: White metal trading above its MA’s
Silver prices rose 0.96% to the USD31.37 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.44, 0.21% higher from yesterday’s close. Silver is expected to find support at 31.14, … Continue reading
Posted in Silver
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Gold: Gold gained following news of repatriation of gold reserves by the Bundesbank
Gold prices traded higher by 0.67% against the USD in the 24 hour period ending 23:00GMT, at 1679.15 per ounce, boosted by the news that Germany’s central bank would repatriate some $200 billion (£125 billion) of gold reserves it … Continue reading
Posted in Gold
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