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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
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Monthly Archives: June 2013
USD/CHF: Swissy trading lower in the Asian session
On Friday, the USD rose 0.57% against the CHF and closed at 0.9351. In Switzerland, foreign currency reserves widened to CHF441.4 billion in May from CHF436.1 billion recorded in April. Market had expected foreign currency reserves to rise to CHF440.50 … Continue reading
Posted in USD/CHF
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USD/JPY: Japan’s economy expanded in the Q1 2013; yen trading lower this morning
On Friday, the USD strengthened marginally against the JPY and closed at 97.43. In economic news, preliminary reading of Japan’s leading economic index rose to 99.30 in April while preliminary reading of coincident index advanced to 94.80 in April. … Continue reading
Posted in USD/JPY
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GBP/USD: Pound moving southwards in the Asian session
On Friday, GBP fell 0.27% against the USD and closed at 1.5558, following positive US employment data. However, losses were limited as UK’s total trade deficit narrowed to £2.6 billion in April from to a downwardly revised deficit of … Continue reading
Posted in GBP/USD
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EUR/USD: Dollar gained as upbeat US employment data fuelled Fed taper speculation
On Friday, EUR declined 0.14% against the USD and closed at 1.3224. The dollar gained strength as the US employment growth in May was higher than market expectations, which renewed speculation that the US Federal Reserve could taper the … Continue reading
Posted in EUR/USD
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Crude Oil: Oil gained on demand prospects following upbeat US jobs data; trading lower this morning
On Friday, Crude Oil prices advanced 1.62% against the USD for the period ending 21:00GMT, closing at 96.22, as a better-than-expected rise in US jobs last month raised demand for the fuel. On the other hand, Sudan indicated that … Continue reading
Posted in Crude Oil
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Silver: Silver slumped amid a strong dollar; trading higher this morning
On Friday, Silver prices declined 4.10% to the USD21.68 per ounce during the period ending 21:00GMT, as the dollar strengthened following a report indicating a rise in jobs in the US last month. In the Asian session, at GMT0300, … Continue reading
Posted in Silver
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Gold: Gold trading higher in the Asian session
On Friday Gold prices traded lower by 2.07% against the USD in the period ending 21:00GMT, at 1383.05 per ounce, after the US employment sector showed an improvement in May, thereby raising speculation that the Federal Reserve may reduce … Continue reading
Posted in Gold
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Trading signals for Friday 07-06-2013
Forex, Commodities and Index signals for Friday 07-06-2013 11:00 GMT Continue reading
Posted in Trading Signals
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EUR/USD: Euro rose above 1.3200 as Draghi rules out negative interest rates
For the 24 hours to 23:00 GMT, EUR rose 1.18% against the USD and closed at 1.3242, after European Central Bank (ECB) President, Mario Draghi stated that a cut in the bank’s deposit rate below zero was not on … Continue reading
Posted in EUR/USD
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USD/CHF: Swiss CPI advanced in May
For the 24 hours to 23:00 GMT, the USD declined 1.46% against the CHF and closed at 0.9297. Yesterday, Switzerland’s consumer price index (CPI) climbed 0.1% (MoM) in May, in line with the market expectation and compared to a … Continue reading
Posted in USD/CHF
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AUD/USD: Aussie trading below the 0.9500 level
For the 24 hours to 23:00 GMT, AUD strengthened 0.50% against the USD to close at 0.9557. LME Copper prices declined 1.5% or $110.5/MT to $7311.0/MT. Aluminium prices declined 0.6% or $11.5/MT to $1927.5/MT. In the Asian session, at … Continue reading
Posted in AUD/USD
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