Daily Archives: May 2, 2013

AUD/USD: Aussie drops as building approvals in Australia slump in March

For the 24 hours to 23:00 GMT, AUD weakened 0.85% against the USD to close at 1.0283. LME Copper prices declined 2.8% or $198.50/MT to $6875.0/MT. Aluminium prices declined 3.1% or $58.00/MT to $1788.5/MT. In the Asian session, at GMT0300, … Continue reading

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USD/CAD: Loonie trading lower in the Asian session

For the 24 hours to 23:00 GMT, the USD rose marginally against the CAD to close at 1.0073. Yesterday, the Bank of Canada Governor, Mark Carney, stated that for central banks to be effective they must be absolutely transparent about … Continue reading

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USD/CHF: Swissy is moving southwards in the Asian session

For the 24 hours to 23:00 GMT, the USD declined 0.20% against the CHF and closed at 0.9271. In the Asian session, at GMT0300, the pair is trading at 0.9281, with the USD trading 0.11% higher from yesterday’s close. The … Continue reading

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USD/JPY: Yen reverses previous session gain

  For the 24 hours to 23:00 GMT, the USD weakened 0.14% against the JPY and closed at 97.14, following the release of disappointing US economic data. In the Asian session, at GMT0300, the pair is trading at 97.32, with … Continue reading

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GBP/USD: Pound advanced on UK PMI data; trading lower this morning

For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.5570, as investor sentiment was lifted after the seasonally adjusted manufacturing PMI in the UK rose to a reading of 49.8 in April, higher … Continue reading

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EUR/USD: Euro trading tad lower this morning; ECB meeting outcome awaited

  For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3180. The greenback saw a drop in demand amid soft US economic figures. Moreover, the Federal Reserve concluded its monetary policy meeting making … Continue reading

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Crude Oil: Oil reverses previous session losses

  Crude Oil prices declined 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 90.92, after the Energy Information Administration (EIA) reported that US stockpiles climbed to the highest in 82 years. Yesterday, the US EIA … Continue reading

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Silver: Industrial metal dropped as manufacturing PMI in the US and China fell

  Silver prices declined 2.71% to the USD23.67 per ounce during the 24 hours ending 23:00GMT, as demand for the industrial metal reduced following a drop in the US and Chinese manufacturing PMI and in tandem with the slump in … Continue reading

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Gold: Yellow metal continues to trade lower in the Asian session

  Gold prices traded lower by 1.10% against the USD in the 24 hour period ending 23:00GMT, at 1459.15 per ounce, as lackluster US factory and jobs data sparked selloff. Precious metal traders shrugged off the US Federal Reserve’s decision … Continue reading

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