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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 12, 2014
Crude Oil: Crude trading higher this morning, following Friday’s losses
Crude Oil Movement On Friday, Crude Oil prices declined 0.23% against the USD for the period ending 21:00GMT, closing at 100.04, hurt by a stronger US Dollar. Oil prices also faced some resistance after Libya’s newly elected Prime Minister highlighted … Continue reading
Posted in Crude Oil
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Silver: White metal converging with its MA’s
Silver Movement On Friday, Silver prices declined 0.10% to USD 19.17 per ounce during the period ending 21:00GMT, on weak demand for industrial metals and amid broad losses in gold prices. In the Asian session, at GMT0300, Silver is trading … Continue reading
Posted in Silver
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Gold: Yellow metal extends its losses on Fed’s stimulus outlook
Gold Movement On Friday Gold prices traded lower by 0.09% against the USD in the period ending 21:00GMT, at 1289.60 per ounce, amid broad gains in the US Dollar. Gold prices also came under pressure after the Dallas Fed President, … Continue reading
Posted in Gold
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AUD/USD: Aussie snaps losses in the Asian trading hours
AUDUSD Movement On Friday, the AUD weakened 0.15% against the USD to close at 0.9356. LME Copper prices rose 1.2% or $79.5/MT to $6770.0/MT. Aluminium prices edged up marginally by $0.5/MT to $1718.0/MT. In the Asian session, at GMT0300, the … Continue reading
Posted in AUD/USD
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USD/CAD: Canadian economy unexpectedly lost 28,900 jobs in April, reports Statistics Canada
USDCAD Movement On Friday, the USD rose 0.62% against the CAD to close at 1.0899 after the Canadian economy surprisingly lost 28,900 jobs in April, following a big gain of 42,900 in March and compared to analysts’ call for an … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc trading marginally lower ahead of Switzerland’s real retail sales data
USDCHF Movement On Friday, the USD rose 0.76% against the CHF and closed at 0.8869. In the Asian session, at GMT0300, the pair is trading at 0.8872, with the USD trading a tad higher from Friday’s close. The pair is … Continue reading
Posted in USD/CHF
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USD/JPY: Yen continues to trade lower in the morning session
USDJPY Movement On Friday, the USD strengthened 0.18% against the JPY and closed at 101.79. On the economic front, Japan’s leading economic index fell more-than-expected to a 12-month low reading of 106.5 in March while its coincident index improved to … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading slightly higher amid lack of economic releases in the UK economy
GBPUSD Movement On Friday, GBP fell 0.49% against the USD and closed at 1.6849, as traders reacted negatively to the recent batch of mixed economic releases from the UK economy and following recent encouraging comments on the US economy by … Continue reading
Posted in GBP/USD
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EUR/USD: Euro trading flat ahead of few planned speeches by the ECB officials
EURUSD Movement On Friday, the EUR declined 0.61% against the USD and closed at 1.3755, extending its previous day’s losses on the back of the ECB President, Mario Draghi’s comments on loose monetary policy. In the Euro-zone, an ECB Governing … Continue reading
Posted in EUR/USD
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