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Copper rises for sixth day as dollar weakens

posted by princesa 710 days ago in USD, Metals made popular 710 days ago

Copper rose for a sixth session Tuesday as a weakening dollar sent investors in search of other assets seen as stable stores of value.

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Oil holds near $77 a barrel after surprise inventories build

posted by rui 710 days ago in Oil made popular 710 days ago

Oil fell Wednesday after a report showed an unexpected increase in crude inventories, but a weaker dollar provided some support for prices.

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Gold Prices Climb, Silver and Platinum Advance

posted by megumi 711 days ago in USD, Gold

New York gold futures advanced the most in a week on Tuesday, benefiting from a weaker dollar and a touch of haven buying.

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Copper Rises for Sixth Day as Dollar Weakens

posted by jasumine 711 days ago in USD, Metals made popular 711 days ago

Copper rose for a sixth session Tuesday as a weakening dollar sent investors in search of other assets seen as stable stores of value. The dollar continued its slide against the euro as economic data suggests that a debt crisis may not be hurting

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The Pound and Euro Trade Better

posted by japock 711 days ago in EUR, GBP made popular 711 days ago

This morning the pound shrugged off the negative German economic sentiment which was down sharply 28.7, from 48.7, the expected rating. The European economic forecast dropped to 19.8, down from the anticipated 41.2 rating. German new car registra

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Kiwi dollar up against greenback, yen

posted by alfred 711 days ago in JPY, NZD made popular 711 days ago

The New Zealand dollar rose against the greenback and yen, as successful government bond sales by some of the weakest members of the euro zone eased fears about Europe's debt problems.

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CAD closed at 97.55 cents US, up 0.70 of a cent on Tuesday

posted by morgan 711 days ago in CAD made popular 711 days ago

The Canadian dollar closed up 0.70 of a cent US at 97.55 cents on Tuesday. The U.S. dollar stood at 102.51 cents Cdn, down 0.74 of a cent.

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US gold futures cut losses after Greek downgrade

posted by megumi 712 days ago in USD, Gold, Trade

U.S. gold futures recouped more than half their early losses in late trade Monday after Moody's Investors Service downgraded Greece's credit rating, rekindling fears about excessive debt levels in several euro zone countries.

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Positive Forecasts for Pound Brought Currency Higher

posted by commodityblog 712 days ago in USD, JPY, GBP made popular 712 days ago

The Great Pound strengthened today, erasing its losses against the U.S. dollar and the Japanese yen, amid the speculations that the central bank will raise the interest rates after forecasts promised that the economic growth would accelerate and

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Daily technical outlook 6-14-10

posted by liviuf 712 days ago in EUR, GBP, Technical made popular 712 days ago

The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution

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UBS: European Debt Fears to Delay Rate Hikes by Fed, ECB

posted by ForexPlaybook 712 days ago in USD, EUR, Fundamental made popular 712 days ago

UBS is forecasting a longer-than-expected period of exceptionally low interest rates in the U.S. and the Eurozone, resulting from the European sovereign debt crisis.

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Fannie and Freddie: The $1 Trillion Bailout

posted by ForexPlaybook 712 days ago in USD, Fundamental, Housing made popular 712 days ago

The bailouts of Fannie Mae and Freddie Mac, which has already cost taxpayers $145 billion, may reach a total price of $1 trillion.

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