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Oil edges nearer to $75, dollar helps

posted by hachibi 850 days ago in USD, Oil made popular 850 days ago

Oil prices edged fractionally nearer to $75 a barrel on Wednesday after an unexpected drawdown in U.S. crude stockpiles was counterbalanced by a firming dollar.

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Gold inches above $1,100/oz amid investor caution

posted by hachibi 852 days ago in USD, Gold, Inflation made popular 852 days ago

Gold inched above $1,100 an ounce on Tuesday as recent sharp losses offered some bargain hunting incentives, but key events including a U.S. interest rate decision later in the week kept investors cautious.

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Surprise drop in Australian PPI

posted by hachibi 853 days ago in AUD, Inflation

Australia's producer prices posted a surprise fall in the December quarter, which may ease the case for higher interest rates next week.

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Gold Market Highlights

posted by hachibi 853 days ago in USD, Gold made popular 853 days ago

For the week, spot gold closed at $1,093.35 per ounce, down $37.58 or 3.32 percent. Gold equities, as measured by the Philadelphia Gold & Silver Index (XAU), fell 8.10 percent rise for the week. The U.S. Trade-Weighted Dollar Index (DXY) jumped 1

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Forex USD CHF finds support at 10375

posted by hachibi 854 days ago in USD, CHF made popular 854 days ago

The decline of the Dollar against the Swiss Franc found support at 1.0375…

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Greenback remains stable against rupee

posted by hachibi 855 days ago in USD made popular 855 days ago

The dollar started the day’s trading at Rs 84.52 for buying, remained unchanged and closed at the same rate of Rs 84.52 for buying and Rs 84.57 for selling.

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Aussie Extraordinarily Overvalued

posted by hachibi 855 days ago in GBP, AUD made popular 855 days ago

Investors should sell the Australian dollar and buy the U.K. pound, betting that moves by China to slow its economic growth will also dent the so-called Aussie, Morgan Stanley said.

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USD Near 5-Month High Versus Euro on Global Slowdown Concern

posted by hachibi 857 days ago in USD, EUR made popular 857 days ago

The dollar traded near a five-month high against the euro amid speculation Asian stocks will extend a slump in U.S. and European equities, damping demand for riskier assets.

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Euro slumps against dollar

posted by hachibi 857 days ago in USD, EUR made popular 857 days ago

The euro tumbled under 1.42 dollars as worries mounted over the outlook for the European economy in light of weak German data and Greece's fiscal woes, dealers said.

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CAD Declines as Inflation Rises Less Than Forecast

posted by hachibi 857 days ago in CAD, Inflation made popular 857 days ago

Canada’s dollar weakened against its U.S. counterpart as commodities fell and a government report showed consumer prices rose less in December than estimated, reducing the likelihood that the Bank of Canada will increase interest rates.

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Euro commercial property invest rally

posted by hachibi 859 days ago in EUR

While Ireland's commercial property investment market was all but wiped out in 2009, there were clear signs of a recovery in the rest of Europe, especially in the last quarter of the year, according to CB Richard Ellis today.

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Asian Currencies Drop, Led by Won, on U.S. Earnings, Greece

posted by hachibi 860 days ago in USD made popular 860 days ago

Asian currencies dropped, led by the South Korean won, as losses at the retail banking unit of JPMorgan Chase & Co. and Greece’s deteriorating finances prompted investors to trim holdings of riskier assets.

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