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Oil & Copper Drop on Europe, Coffee Falls on Rising Supply

posted by commodityblog 3 days ago in Oil, Agriculture, Metals made popular 3 days ago

Commodities, including oil and copper, fell today on fears that Greece would exit the eurozone. Coffee was under pressure on prospects for higher output from Brazil and Colombia.

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NZD/USD edges higher on mild profit taking

posted by dennis 3 days ago in NZD made popular 3 days ago

Dealers report some modest demand for NZD/USD this morning and that is washing over into the AUD/USD and EUR/USD, which are edging higher alongside. There is some modest resistance nearby in the NZD/USD at .7525 and initial support is at the overnight ...

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Free Guide to Trading Forex during Volatile Times

posted by PipWatCher 3 days ago in AUD made popular 3 days ago

SYDNEY, May 23, 2012 /PRNewswire via COMTEX/ -- The recent falls in commodity currencies, including the Australian dollar, show how volatility in global markets could present trading opportunities for forex traders. For example, the Aussie dollar (AUD) ...

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The Dollar Oil Price Threat Will Hurry Gold's Role in the System

posted by Rex 3 days ago in USD, EUR, CAD, AUD, Commodities made popular 3 days ago

That 'vital interest' is not simply involving an attempt to prevent Iran from developing nuclear arms (remember the threat from Iraq's Weapons of Mass Destruction) but include the use of the USD as the sole currency in which oil is traded and priced.

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China Opening Up Even More?

posted by EJSuratos 3 days ago in Special, Trade made popular 3 days ago

It looks like hedge funds will soon jump over the Chinese hedge! Word around the hood is that China is looking to allow more foreign institutional investors to operate in the country. Could this soon lead to more flexibility in its currency?

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Rand Slides to This Year’s Low as CPI Below Expectations

posted by commodityblog 3 days ago in USD, Fundamental, Daily made popular 3 days ago

The South African rand slumped against the US dollar today to the lowest level this year as slower-than-expected growth of consumer prices triggered speculations that the nation’s central bank would refrain from raising interest rates.

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USD Index (USDX) Pushes Above 2012 High; 83.60 In Sight

posted by FXTimes 3 days ago in USD, Technical, Daily made popular 3 days ago

Risk aversion continues a firm grip on the markets and the USD continues to gain from safe haven flow. After consolidating briefing below 82.00, the USDX pushes above this resistance and 2012 high and is at the highest level sine September 2010.

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EURUSD Looks Toward Years Key Low Levels

posted by ejc 3 days ago in EUR, Technical, Daily made popular 3 days ago

The prior post on the EURUSD outlined topside resistance against trend line and 38.2% resistance. The sellers entered a few pips ahead of the topside trend line resistance (at 1.2985 vs 1.2987) and the rotation back down resumed....more.

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ForexLive: EUR/JPY Hit By Another Wave Of Selling

posted by ejc 3 days ago in EUR, JPY, Technical

It comes out of no where and it comes in waves, the selling in EUR/JPY today. So far we’ve been unable to identify the seller, but it is being done in such indiscriminate fashion that it feels almost like a margin call....more.

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Euro Tanks as Greece Exit Considered More Likely

posted by MMarquit 3 days ago in EUR made popular 3 days ago

Euro is tanking today, heading lower as speculation about a Greek exit of the eurozone increases. Indeed, some think that there is a real threat for Greek withdrawal — and that such a withdrawal could prompt a domino effect that includes Spain an

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Daily Technical Strategist: EURUSD

posted by FXTechstrategy 3 days ago in EUR, Technical, Daily made popular 3 days ago

EURUSD: Having reversed its corrective recovery, the pair is on the verge of resuming its broader weakness.

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ENERGY MARKETS REPORT INCLUDING: ExxonMobil is to farm out several oil and gas ...

posted by dennis 3 days ago in GBP made popular 3 days ago

The Cove board has recommended a new cash takeover offer from Thailand's PTTEP, which has surpassed the previously recommended Shell bid by 9.1% or GBP 0.20 per share. ExxonMobil is to farm out several oil and gas blocks in Indonesia as their output ...

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