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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
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- USD/CAD: Loonie trading on a stronger footing this morning
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Daily Archives: June 2, 2014
Crude Oil: Crude snaps losses on the back of strong Chinese manufacturing PMI data
Crude Oil Movement On Friday, Crude Oil prices declined 0.56% against the USD for the period ending 21:00GMT, closing at 102.92, as concerns on the supply-outlook of the commodity from the Russia-Ukraine region eased after Russia withdrew a majority of … Continue reading
Posted in Crude Oil
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Silver: White metal trading lower this morning
Silver Movement On Friday, Silver prices declined 1.21% to USD 18.81 per ounce during the period ending 21:00GMT, hurt a decline in gold prices and amid soft demand for industrial metals. In the Asian session, at GMT0300, Silver is trading … Continue reading
Posted in Silver
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Gold: Precious metal extends its Friday’s losses in the Asian session
Gold Movement On Friday, Gold prices traded lower by 0.38% against the USD in the period ending 21:00GMT, at 1250.50 per ounce, as a record-high surge in the US S&P 500 Index weighed on the demand prospect of the yellow … Continue reading
Posted in Gold
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AUD/USD: Aussie trading below its MA’s
AUDUSD Movement On Friday, the AUD weakened marginally against the USD to close at 0.9306. LME Copper prices rose 0.4% or $25.5/MT to $6995.5/MT. Aluminium prices jumped 2.2% or $39.0/MT to $1823.5/MT. In the Asian session, at GMT0300, the pair … Continue reading
Posted in AUD/USD
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USD/CAD: Canada’s first quarter GDP rose at the slowest pace since the 2009 recession
USDCAD Movement On Friday, the USD rose 0.07% against the CAD to close at 1.0847, as the Canadian Dollar lost ground after data showed that growth in the Canadian economy contracted more-than-expected 1.2% in the first quarter of 2014, the … Continue reading
Posted in USD/CAD
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USD/CHF: ECB’s decision for additional stimulus measure would not impact SNB’s cap on the Franc, hints SNB’s Jordan
USDCHF Movement On Friday, the USD declined 0.41% against the CHF and closed at 0.8942. On the economic front, Switzerland’s KOF leading indicator fell for the third consecutive month to a reading of 99.8 in May. Meanwhile, in an interview … Continue reading
Posted in USD/CHF
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USD/JPY: IMF urges the BoJ to maintain its current aggressive policy measures for an extended period of time
USDJPY Movement On Friday, the USD marginally strengthened against the JPY and closed at 101.75. In economic news, housing starts in Japan fell less-than-expected 3.3% (YoY) in April while Japanese construction orders surged 104.9%, compared to an 8.8% decline recorded … Continue reading
Posted in USD/JPY
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GBP/USD: Pound trading lower ahead of a slew of economic releases in the UK economy
GBPUSD Movement On Friday, the GBP rose 0.31% against the USD and closed at 1.6771, as the greenback lost ground following a more-than-expected fall in the US consumer sentiment index for May. In the UK, a BoE policymaker, Andrew Haldane, … Continue reading
Posted in GBP/USD
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EUR/USD: Euro pares its gains in the Asian session
EURUSD Movement On Friday, the EUR rose 0.28% against the USD and closed at 1.3640, as the latter came under pressure from a 2.2 points drop in the US Reuters/Michigan consumer sentiment index for May to 81.9 and as the … Continue reading
Posted in EUR/USD
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