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Monthly Archives: May 2014
USD/CHF: Swiss Franc converging with its MA’s
USDCHF Movement On Friday, the USD rose 0.15% against the CHF and closed at 0.8920. In the Asian session, at GMT0300, the pair is trading at 0.8914, with the USD trading 0.07% lower from Friday’s close. The pair is expected … Continue reading
Posted in USD/CHF
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USD/JPY: Yen snaps gains in the morning session
USDJPY Movement On Friday, the USD weakened 0.08% against the JPY and closed at 101.46. In the Asian session, at GMT0300, the pair is trading at 101.59, with the USD trading 0.13% higher from Friday’s close. Early morning, Japan’s Cabinet … Continue reading
Posted in USD/JPY
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GBP/USD: UK’s booming housing market pose the biggest risk to the nation’s recovery, warns BoE Governor, Carney
GBPUSD Movement On Friday, GBP rose 0.17% against the USD and closed at 1.6822. Late Saturday, the Bank of England (BoE) Governor, Mark Carney, citing large increase in the nation’s mortgage level, cautioned that the Britain’s housing market posed the … Continue reading
Posted in GBP/USD
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EUR/USD: Interest rates to remain low in the Euro-zone, indicates ECB’s Coeure
EURUSD Movement On Friday, EUR declined 0.14% against the USD and closed at 1.3696, as the latter advanced following the release of strong housing data from the US economy. Data from the world’s largest economy showed that the US building … Continue reading
Posted in EUR/USD
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Crude Oil: IEA projects a growth in global oil demand for 2014
Crude Oil Movement Crude Oil prices declined 0.33% against the USD for the 24 hour period ending 23:00GMT, closing at 101.60, as traders continued to mull the EIA’s latest weekly report that showed crude stockpiles in the US expanded as … Continue reading
Posted in Crude Oil
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Silver: White metal continues to trade lower in the morning trading hours
Silver Movement Silver prices declined 1.42% to USD 19.51 per ounce during the 24 hours ending 23:00GMT, paring its yesterday’s gains on the back of strong demand-outlook. In the Asian session, at GMT0300, Silver is trading at 19.50, slightly lower … Continue reading
Posted in Silver
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Gold: Precious metal regains some lost ground in the Asian session
Gold Movement Gold prices traded lower by 0.71% against the USD in the 24 hour period ending 23:00GMT, at 1296.10 per ounce, as the latest batch of strong employment and inflation data from the US economy dampened the safe-haven appeal … Continue reading
Posted in Gold
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AUD/USD: Aussie reverses its losses in the morning session
AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.15% against the USD to close at 0.9360. LME Copper prices declined 0.4% or $27.5/MT to $6949.0/MT. Aluminium prices fell 0.3% or $4.5/MT to $1753.0/MT. In the Asian … Continue reading
Posted in AUD/USD
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USD/CAD: Interest rates to remain relatively low for a prolonged time, says BoC’s Lawrence Schembri
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.15% against the CAD to close at 1.0873. In Canada, the Bank of Canada (BoC) Deputy Governor, Lawrence Schembri, indicated that, in order to push inflation upward to … Continue reading
Posted in USD/CAD
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USD/CHF: Swiss producer and import prices fell unexpectedly in April
USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.8907, as the latter lost ground after data showed that the Swiss producer and import price index fell by 0.3% (MoM) … Continue reading
Posted in USD/CHF
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USD/JPY: Japan’s industrial production rose in March
USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 101.54, as the latest batch of soft economic releases from the Euro-zone economy lured investors to take refuge under the safe-haven … Continue reading
Posted in USD/JPY
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