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Copper Declines for Third Day as Metal Inventories Increase

posted by Avatar maximumpips 1479 days ago in Metals made popular 1478 days ago

Copper fell for the third straight day, capping the longest slide in a month, as rising metal inventories quelled supply concerns.  read more
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Forex Trader Top 3: ECB Holds, Trichet’s Secret Agenda, Jobl

posted by Avatar maximumpips 1479 days ago in USD, Fundamental, Daily made popular 1479 days ago

On Thursday, the European Central Bank held the Main Refi Rate steady at 4.0%.

On the heels of the ECB rate announcement Jean-Claude Trichet held a press conference, which - as usual - moved the euro.

Weekly jobless claims edged lower in th  read more
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Forex Trader Top 3: Dollar Bulls, U.S. Productivity Incline,

posted by Avatar maximumpips 1480 days ago in USD, Fundamental, Inflation

On Tuesday, Kansas Federal Reserve President Thomas Hoenig made specific comments towards inflation - and the potential need for rate hikes - to an audience in Denver, Colorado.

On Tuesday, non-farm business productivity growth exceeded expect  read more
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Gold Rises as Dollar Declines, Oil Tops $122; Silver Gains

posted by Avatar maximumpips 1481 days ago in Gold, Oil, Metals made popular 1480 days ago

Gold rose for the third straight session as the dollar declined against the euro and energy costs surged, boosting the appeal of the precious metal as a hedge against inflation. Silver also gained.  read more
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Dollar gets small boost from stronger than expected US data

posted by Avatar maximumpips 1482 days ago in USD, Fundamental, Daily made popular 1481 days ago

The dollar got a small boost from strong US data as the week got off to a quiet holiday-thinned start with public holidays in Japan and the UK.  read more
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Blue Skies In The Rear View Mirror

posted by Avatar maximumpips 1482 days ago in AUD, NZD, Weekly made popular 1481 days ago

Weekly commentary on New Zealand, Australian, and US markets  read more
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A weekly outlook for New Zealand, Australia, and US Markets

posted by Avatar maximumpips 1486 days ago in NZD, Fundamental, Weekly made popular 1485 days ago

As expected, the OCR was left on
hold, with the tone of the commentary suggesting rate cuts are likely to occur earlier than end-2009 as forecast by the RBNZ back in March. Other data out suggested weak retail turnover in March, and that migrati  read more
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U.S. dollar firms on optimism that the worst may be over

posted by Avatar maximumpips 1486 days ago in USD, Fundamental, Daily made popular 1486 days ago

The U.S. dollar continued to gain on increasing optimism that the worst of the credit crisis is now over. Last night, the Federal Reserve cut interest rates by 25 basis points, marking a departure from the aggressive monetary easing of recent mon  read more
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Gold slides to 3-month low on dollar rise

posted by Avatar maximumpips 1488 days ago in USD, Gold made popular 1488 days ago

Gold ended sharply lower after hitting a three-month bottom on Tuesday on the back of a firmer dollar, declining oil prices and weak sentiment ahead of an interest rate decision by the Federal Reserve.  read more
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CIBC Overnight Roundup

posted by Avatar maximumpips 1488 days ago in Technical, Fundamental, Daily made popular 1488 days ago

Overnight commentary on the Americas, Eurozone, and Asian Currencies.- April 29th, 2008  read more