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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 14, 2014
Crude Oil: Crude trading higher ahead of the EIA’s weekly US crude inventory report
Crude Oil Movement Crude Oil prices advanced 1.29% against the USD for the 24 hour period ending 23:00GMT, closing at 101.85, after the American Petroleum Institute (API) reported a 590,000 barrels drop in oil stocks at the Cushing, Oklahoma delivery … Continue reading
Posted in Crude Oil
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Silver: White metal pares its yesterday’s gains to trade lower in the Asian session
Silver Movement Silver prices pared its initial losses and rose 0.10% to USD 19.56 per ounce during the 24 hours ending 23:00GMT, as dismal US retail sales report bolstered demand for safe-haven assets. However, a stronger US Dollar capped the … Continue reading
Posted in Silver
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Gold: Precious metal extends its losses on weak demand-outlook
Gold Movement Gold prices traded lower by 0.11% against the USD in the 24 hour period ending 23:00GMT, at 1294.40 per ounce, as a rally in world equity markets and a stronger US Dollar weighed on the demand prospects of … Continue reading
Posted in Gold
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AUD/USD: Aussie trading above its MA’s
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally strengthened against the USD to close at 0.9362, reversing its initial losses, triggered by soft economic releases from Australia and its largest trading partner, China. LME Copper prices … Continue reading
Posted in AUD/USD
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USD/CAD: Official figures might have overstated jobless rate improvements in Canada and the US, opines the BoC
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CAD to close at 1.0909. On Tuesday, the Bank of Canada (BoC), in its semi-annual review report, revealed that official agencies in Canada and the … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc pares losses in the Asian trading hours
USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CHF and closed at 0.8900. In the Asian session, at GMT0300, the pair is trading at 0.8892, with the USD trading 0.09% lower from yesterday’s … Continue reading
Posted in USD/CHF
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USD/JPY: Yen trading higher with focus on Japan’s first quarter GDP data
USDJPY Movement For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 102.24. Yesterday, a report from Bloomberg, highlighted the Bank of Japan (BoJ) officials’ concerns on the economic impact of a cooler-than-normal … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading modestly higher ahead of key UK economic releases
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.24% against the USD and closed at 1.6830. On Tuesday, the BoE Deputy Governor for Financial Stability, Sir Jon Cunliffe urged the Britain banks to undertake further reform … Continue reading
Posted in GBP/USD
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EUR/USD: German Bundesbank to support ECB’s decision on additional stimulus measures
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.3705, as the latest batch of downbeat Euro-zone economic releases strengthened speculations for additional ECB stimulus measures. Negative sentiment for the … Continue reading
Posted in EUR/USD
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