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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: May 7, 2014
USD/CAD: Loonie trading tad higher in the Asian session
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.61% against the CAD to close at 1.0893. In economic news, Canada’s merchandised trade surplus narrowed to C$79.0 million in March, compared to C$847.0 million of surplus recorded … Continue reading
Posted in USD/CAD
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Crude Oil: API reported an unexpected fall in the US crude weekly inventory
Crude Oil Movement Crude Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 99.86, after the American Petroleum Institute (API) reported that US crude stockpiles unexpectedly fell by 1.8 million barrels for the … Continue reading
Posted in Crude Oil
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Silver: White metal converging with its MA’s
Silver Movement Silver prices rose 0.08% to USD 19.61 per ounce during the 24 hours ending 23:00GMT, supported by lingering geo-political tensions in Ukraine. In the Asian session, at GMT0300, Silver is trading at 19.69, 0.41% higher from yesterday’s close. … Continue reading
Posted in Silver
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Gold: Precious metal reverses its direction in the Asian session
Gold Movement Gold prices traded lower by 0.17% against the USD in the 24 hour period ending 23:00GMT, at 1308.30 per ounce, amid light trading as Japan, Hong Kong and South Korea markets were all closed for public holidays. However, … Continue reading
Posted in Gold
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AUD/USD: Aussie pares its gains in the morning trading hours
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.74% against the USD to close at 0.9347, following the RBA’s interest rate decision. Yesterday, the Paris-based OECD projected the Australian economy to grow 2.5% in 2014, before … Continue reading
Posted in AUD/USD
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USD/CHF: Swiss Franc trading marginally higher ahead of Switzerland’s unemployment rate data
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.38% against the CHF and closed at 0.8745, as the US trade balance data failed to meet market expectations for March. In the Asian session, at GMT0300, the … Continue reading
Posted in USD/CHF
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USD/JPY: Japan to recover modestly in the near future, shows BoJ’s minutes
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.46% against the JPY and closed at 101.68, following the releases of lacklustre US trade balance data for March. In economic news, the OECD slashed its growth projections … Continue reading
Posted in USD/JPY
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GBP/USD: OECD upgraded its growth forecast on the UK economy for 2014 and 2015
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.6973, after the UK Markit service PMI beat expectations and rose to a level of 58.7 in April, the highest level … Continue reading
Posted in GBP/USD
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EUR/USD: Euro-zone’s Markit composite PMI rose at the fastest pace in three years in April
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.3926, after retail sales in the Euro-zone economy rose for the third-straight month in March and after Markit Economics reported that … Continue reading
Posted in EUR/USD
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