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What Effect Will a European Solution Have on Currencies, Precious Metals?

posted by Avatar whatadous 340 days ago in EUR, Commodities

By Przemyslaw Radomski Jun 21, 2011 2:00 pm Gold has been positively correlated with the euro of late, so more money printing could be bullish for the yellow metal in the short-term. We often talk about economic stability and precious metals markets ... read more
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Investment Attitudes Undergo Sea Change

posted by Avatar whatadous 340 days ago in USD, JPY, CAD made popular 340 days ago

The strong performance of high beta majors such as ZAR, NOK, AUD and CAD against USD, CHF and gold was a sign of the clear supremacy of global cyclical yield over structural fears. The VIX index (a proxy for global market fears) troughed below 15%, ... read more
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Gold gains as Greek crisis bubbles

posted by Avatar whatadous 340 days ago in Commodities made popular 340 days ago

London: Gold rose for a third day on Tuesday, helped by investor concern over the risk to other euro zone economies from a Greek debt default, while a softer dollar also lent support. Spot gold was bid at USD 1544.09 a troy ounce at 1404 GMT compared ... read more
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German ZEW at -9.0 vs 3.1 in May

posted by Avatar whatadous 340 days ago in all made popular 340 days ago

EUR/USD: A German and US bank buying dips, more demand in 1.4310/00 daily pivot and figure. Sell stops below and buy stops start above 1.4350s Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. ... read more
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USD/CAD down in US trade

posted by Avatar whatadous 344 days ago in CAD

By Forexpros.com Forex Pros The US Dollar was lower against the Canadian Dollar on Friday after the release of US data on Michigan Consumer Sentiment Index. USD/CAD was trading at 0.9805, down 0.08% at time of writing. The pair was likely to find ... read more
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May euro zone inflation rises, July ECB hike seen

posted by Avatar whatadous 345 days ago in USD, EUR, Commodities

Higher energy prices kept euro zone annual inflation well above the European Central Bank's target in May, data showed on Thursday, strengthening the case for an expected ECB interest rate rise in July. ... read more
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Rupee ends lower by 4 paise vs USD

posted by Avatar whatadous 346 days ago in USD made popular 346 days ago

The Sensex closed at 18132, down by 176 points and Nifty ended the day at 5447, down by 53 points on speculation that RBI may hike interest rates tomorrow. Meanwhile, global crude oil above USD 98 a barrel in London today. The rupee premium for the ... read more
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Re down 14 paise at about 2-week low of 44.86/87 against USD

posted by Avatar whatadous 348 days ago in USD, EUR made popular 348 days ago

Meanwhile, New York crude oil was trading above USD 98 a barrel in European market today. Alpari Forex (India) CEO Pramit Brahmbhatt said, "Globally dollar gained against the major currencies in Asian markets and local equities also traded weak which ... read more
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USD/CHF up during Asian trade

posted by Avatar whatadous 354 days ago in EUR, CHF made popular 354 days ago

Meanwhile, the US Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.24% to hit 1.4656 and USD/JPY falling 0.18% to hit 79.95. ForexPros.com - Forex Pros offers a diverse set of professional tools for Forex, ... read more
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Markets look ahead to the Nonfarm Payrolls release from the US due at 1330 BST

posted by Avatar whatadous 358 days ago in USD, GBP made popular 358 days ago

Elsewhere, weakness was observed in GBP following weaker than expected services PMI data from the UK, resulting in EUR/GBP to print a four-week high. Moving forward, markets look ahead to the Nonfarm payrolls data from the US, allied with comments from ... read more
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Australian Q1 GDP -1.2% QoQ

posted by Avatar whatadous 361 days ago in AUD, Economic Indicators made popular 361 days ago

OptionTrader: What do you think the AUD GDP numbers will be? Alibaba: Good Morning Sean, Do you have any idea or rumor on this AUD GDP? Sean Lee: Hi Jason. I'd only be guessing but the warnings given by the Treasurer over the weekend suggested that he ... read more
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Bourse rally unlikely ahead of elections, experts say

posted by Avatar whatadous 363 days ago in CAD made popular 363 days ago

According to the statement, inflation, the current account deficit (CAD), the quality of capital inflows and the post-election concerns surrounding debates over the new constitution are raising concerns for the Turkish economy. ... read more