Monthly Archives: September 2016

Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.88% against the USD and closed at USD44.87 per barrel, after the Energy Information Administration (EIA) reported that US crude stockpiles recorded a larger-than-expected build of 2.3 … Continue reading

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Silver: White metal trading higher in the Asian session

Silver Movement For the 24 hours to 23:00 GMT, Silver rose 0.35% against the USD and closed at 18.75. In the Asian session, at GMT0300, the pair is trading at 18.78, with the silver trading 0.16% higher from yesterday’s close. … Continue reading

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Gold: Yellow metal trading a tad higher in the Asian session

Gold Movement For the 24 hours to 23:00 GMT, Gold declined 0.16% against the USD and closed at USD1312.60 per ounce, after an upbeat US private sector employment data stoked speculation that the US Federal Reserve would hike interest rate … Continue reading

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AUD/USD: Australia’s manufacturing sector contracts for first time since June 2015

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD rose 0.07% against the USD and closed at 0.7520. LME Copper prices declined 0.14% or $6.5/MT to $4602.5/MT. Aluminium prices declined 1.63% or $26.5/MT to $1601.0/MT. In the Asian … Continue reading

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USD/CAD: Canada’s economy shrank in second quarter of 2016

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.13% against the CAD and closed at 1.3106. The Canadian Dollar lost ground, after Canada’s annualized gross domestic product (GDP) dropped by 1.6% on a quarterly basis in … Continue reading

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USD/CHF: Swiss Franc trading on a stronger footing, ahead of Switzerland’s real retail sales data for August

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9836. On the data front, Switzerland’s UBS consumption indicator climbed to a level of 1.32 in July, following a revised reading … Continue reading

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USD/JPY: Japan’s manufacturing PMI continued to remain in contraction territory in August

USDJPY Movement For the 24 hours to 23:00 GMT, the USD rose 0.39% against the JPY and closed at 103.32. In economic news, Japan’s housing starts rebounded above expectations by 8.9% YoY in July, following a 2.5% drop in the … Continue reading

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GBP/USD: Pound trading a tad higher, ahead of Britain’s Markit manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.47% against the USD and closed at 1.3143, after UK’s seasonally adjusted Nationwide house prices unexpectedly rose by 0.6% on a monthly basis in August, compared to market … Continue reading

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EUR/USD: Euro-zone’s flash CPI came in below expectations in August

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.13% against the USD and closed at 1.1160. In economic news, the Euro-zone’s unemployment rate remained steady at a level of 10.1% in July, its lowest level since … Continue reading

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