Monthly Archives: May 2013

Gold: Yellow metal takes a hit following the release of FOMC minutes

Gold prices traded lower by 0.41% against the USD in the 24 hour period ending 23:00GMT, at 1367.44 per ounce, after the latest Federal Open Market Committee (FOMC) minutes indicated that a number of policy makers expressed willingness to adjust … Continue reading

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USD/CAD: Canadian retail sales stagnated in March

  For the 24 hours to 23:00 GMT, the USD rose 1.10% against the CAD to close at 1.0377. The Canadian Dollar fell after economic data indicated that retail sales in the nation remained unchanged in March, following a revised … Continue reading

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EUR/USD: FOMC minutes raised concern over Fed tapering talks

For the 24 hours to 23:00 GMT, EUR declined 0.60% against the USD and closed at 1.2842. In the Euro-zone, economic data indicated that, current account surplus increased to a seasonally adjusted €25.9 billion in March, from a revised €14.6 … Continue reading

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GBP/USD: Pound sapped by weak retail sales data

For the 24 hours to 23:00 GMT, GBP fell 0.83% against the USD and closed at 1.5034, after retail sales in the UK fell below market expectations, dropping 1.3% (MoM) in April, following a revised 0.6% fall recorded in the … Continue reading

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AUD/USD: Aussie declines as Chinese PMI disappoints

  For the 24 hours to 23:00 GMT, AUD weakened 1.57% against the USD to close at 0.9664, after minutes from the latest US Federal Reserve meeting indicated that few policy makers were open to tapering large-scale asset purchases as … Continue reading

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USD/JPY: Yen trading higher in Asian session

  For the 24 hours to 23:00 GMT, the USD strengthened 0.73% against the JPY and closed at 103.19. In the Asian session, at GMT0300, the pair is trading at 102.78, with the USD trading 0.39% lower from yesterday’s close. … Continue reading

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Trading signals for Wednesday 22-05-2013

FOREX-Signals                       EUR/USD LONG     EUR/GBP LONG                 Entry-Limit Buy 1,2935   Entry-Limit Buy 0,8563 Limit SELL 1,2975   Limit SELL 0,8603 … Continue reading

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USD/CHF: Swissy trading tad higher in the Asian session

For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.9695. Yesterday, the International Monetary Fund in a report indicated that the Swiss National Bank needs to maintain its policy of defending its … Continue reading

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USD/JPY: BoJ keeps its key interest rate unchanged

  For the 24 hours to 23:00 GMT, the USD strengthened 0.27% against the JPY and closed at 102.43. However, gains in the Dollar were pared after two Federal Reserve members supported US central bank’s current bond buying program to … Continue reading

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AUD/USD: Aussie trading lower in the Asian session

  For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 0.9818, as commodity prices recovered. LME Copper prices rose 1.5% or $108.00/MT to $7384.0/MT. Aluminium prices rose 1.3% or $24.00/MT to $1835.0/MT. In … Continue reading

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USD/CAD: Canadian retail sales data eyed

  For the 24 hours to 23:00 GMT, the USD rose 0.19% against the CAD to close at 1.0264. In the Asian session, at GMT0300, the pair is trading at 1.0272, with the USD trading marginally higher from yesterday’s close. … Continue reading

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