Daily Archives: January 17, 2013

Trading signals for Thursday 17-01-2013

Forex, Commodities and Index signals for Thursday 17-01-2013 11:00 GMT Continue reading

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EUR/USD: Euro dips on global growth concerns

  For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3291, after the World Bank trimmed its 2013 Euro-zone growth forecast, prompting investors to sell the Euro and shore-up dollar positions. Additionally, the … Continue reading

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GBP/USD: Pound struggles to hold ground against the greenback

  For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.6001, as global growth concerns coupled with ongoing uncertainty over the UK’s role in the European Union continued to weigh on demand for … Continue reading

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USD/JPY: Japanese tertiary industry activity index drops in November

  For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 88.84. In Japan, the seasonally adjusted consumer confidence index in Japan fell to a reading of 39.2 in December, from 39.4 in … Continue reading

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USD/CHF: Swiss real retail sales rose in November

  For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9309. On the economic front, Switzerland’s real retail sales advanced 2.9% in November, compared to the 2.7% rise recorded in October. However, … Continue reading

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USD/CAD: Canadian Dollar declined amid concerns over global easing

  For the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 0.9861. The Canadian Dollar came under pressure as government officials in Russia and Japan criticized monetary policies that have devalued major currencies … Continue reading

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AUD/USD: Rise in Australian unemployment rate weighs on Aussie

  For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0564. LME Copper prices declined 0.4% or $34.3/MT to $7910.25/MT. Aluminium prices declined 0.6% or $11.5/MT to $1990.8/MT. In the Asian session, at … Continue reading

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Crude Oil: Black gold rose on a surprise drop in the US crude stocks, trading lower this morning

  Crude Oil prices advanced 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 94.14, after the EIA inventory data showed an unexpected drop in the US crude-oil stockpile. Yesterday, the data from the US Energy … Continue reading

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Silver: White metal trading lower in the Asian session

  Silver prices rose 0.35% to the USD31.48 per ounce during the 24 hours ending 23:00GMT. In the Asian session, at GMT0400, Silver is trading at 31.37, 0.37% lower from yesterday’s close. Silver is expected to find support at 31.13, … Continue reading

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Gold: Bull run in gold prices to continue, indicates GFMS

  Gold prices traded marginally higher against the USD in the 24 hour period ending 23:00GMT, at 1680.65 per ounce. In an update to its Gold Survey 2012, the global metal consultancy firm, GFMS, said that it expects gold to … Continue reading

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