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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 21, 2014
AUD/USD: Aussie continues to trade lower in the Asian trading hours
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.96% against the USD to close at 0.9238, following dovish comments by the RBA Assistant Governor, Guy Debelle’s speech. LME Copper prices shed 1.2% or $86.5/MT to $6922.5/MT. … Continue reading
Posted in AUD/USD
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Crude Oil: US crude inventories fell by 10.3 million barrels last week, indicates API
Crude Oil Movement Crude Oil prices advanced 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 102.88, after the American Petroleum Institute (API) reported that the US crude supplies dropped by 10.3 million barrels for the … Continue reading
Posted in Crude Oil
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Silver: White metal trading above its MA’s
Silver Movement Silver prices rose 0.31% to USD 19.42 per ounce during the 24 hours ending 23:00GMT, taking cues from gains in the prices of yellow metal. In the Asian session, at GMT0300, Silver is trading at 19.48, 0.31% higher … Continue reading
Posted in Silver
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Gold: Gold extends its upward direction in the Asian session
Gold Movement Gold prices traded higher by 0.12% against the USD in the 24 hour period ending 23:00GMT, at 1295.00 per ounce, as a decline in the US equity markets bolstered demand for the metal as an alternate investment. Positive … Continue reading
Posted in Gold
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USD/CAD: Loonie trading flat amid lack of Canadian economic releases
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.0910, as the latter came under pressure after data showed that wholesale sales in Canada unexpectedly declined 0.4% (MoM) in March. … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss Franc extends its gains in the morning session
USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined marginally against the CHF and closed at 0.8920. Yesterday, the SNB President, Thomas Jordan, citing the need for the alleviation of the “too-big-to-fail” issue, stated that the Swiss … Continue reading
Posted in USD/CHF
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USD/JPY: BoJ kept its monetary stance intact at its policy meeting today
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.19% against the JPY and closed at 101.31. Yesterday, in Japan, an ex-BoJ economist, Hideo Hayakawa cautioned that the next policy action by the BoJ should be tapering … Continue reading
Posted in USD/JPY
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GBP/USD: UK’s April consumer prices accelerated more than market expectations for the first time in 10 months
GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.6836 after data showed that UK consumer inflation rate rose for the first time in 10 months to an annual rate … Continue reading
Posted in GBP/USD
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EUR/USD: ECB ready to deploy “non-traditional” monetary measures if deflation risks materialise, indicates ECB’s Liikanen
EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.3699, as risk appetite among traders declined after data showed that producer prices in Germany, the largest economy in the Euro-zone, … Continue reading
Posted in EUR/USD
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