Gold spot price at $1,515
April 25, 2011 · Comments Off
Gold price climbed to a record high in Asia today, in a seventh consecutive session of gains. Spot bullion prices rose $10.70 to $1,515.40 a troy ounce. Read more
Daily Forex Analysis
March 9, 2011 · Comments Off
Euro zone debt concerns are once again back in the news and have led to a steep drop for the 17-nation single currency in overnight trading. The EUR/USD has dropped over 100 pips in the last 24 hours, and is currently trading below the 1.3900 level. Today, a lack of significant euro-zone news is unlikely to help the currency correct its losses. Read more
Daily Forex Analysis
March 8, 2011 · Comments Off
The euro rose to a four-month high against the U.S. dollar on Monday, on steady buying by Middle East accounts. It also appears to have been boosted by favorable interest rate differentials. The EUR reversed earlier losses made after Moody’s downgraded Greece’s sovereign ratings and assigned it a negative outlook. Read more
Crude Oil Trades Near 29-Month High as Middle East Unrest Continues
March 7, 2011 · Comments Off
As violence in Libya continues, crude oil reached its highest level since September 2008 today, at $106.30 a barrel. Crude prices are also being supported by the positive U.S. employment data which was released on Friday. Read more
Daily Forex Analysis
March 3, 2011 · Comments Off
The euro rose to a near 4-month high against the U.S. dollar on Wednesday on prospects the European Central Bank (ECB) will today emphasize a readiness to raise record-low interest rates amid increasing price pressures. Read more
Volatility expected in the Forex markets
March 2, 2011 · Comments Off
The US dollar saw very little substantial movement during the Asian trading session as investors eagerly await today’s ADP Non-Farm Employment Change figure, set to be released at 13:15 GMT. Analysts are predicting the ADP number to come in below last month’s, which if true, would likely cause the greenback to turn bearish. Read more
US Dollar Remains Weak despite Dip in Commodity Prices
March 1, 2011 · Comments Off
This week may provide the decision point for the USD. With Non-Farm Payrolls due this Friday, the uncertainty surrounding the American recovery will undoubtedly be made clearer. Today’s report on US personal spending at 12:30 GMT may provide a glimpse into other growth prospects before this week’s more important data releases get published. Read more
Unrest in Libya Boosts Crude Oil to $99.90
February 28, 2011 · Comments Off
Last week’s most notable trends were the bullish Japanese yen and crude oil. Both trends took place in response to the rising violence in Libya, which has by now cut two thirds of its oil supply. While the Libyan turmoil is likely to affect this week’s session as well, another significant news event will have a large impact on the market; the U.S. Non-Farm Payrolls. Read more
Will the Euro’s Rally Continue?
February 21, 2011 · Comments Off
Last week, one of the most notable trends in the market was the bullish euro. By Friday, the euro was once again boosted on speculation that the ECB will hike interest rates in February. Today, several economic releases are expected from the euro-zone. Will the euro see another bullish session? Read more
Market Optimism Temporarily Pulls Down Safe-Havens
February 17, 2011 · Comments Off
The U.S. dollar slid against the euro following a rally in global equity markets yesterday. The rally prompted investors to turn to higher yielding assets and away from safe havens like the USD. With recent market optimism, traders may continue to see a small downward trend in the dollar as positions are unwound in exchange for riskier assets. Read more
