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Gold prices drop as euro gains

posted by john 712 days ago in EUR, Gold made popular 712 days ago

Gold fell for the third time in four sessions as a rally in the euro reduced demand for the precious metal as a haven. Platinum rose the most in two weeks on improved prospects for industrial commodities.

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Guide To Forex Trading

posted by john 728 days ago in Special, Trading Psychology

Investing in foreign currency may be a viable enterprise alternative for decades, virtually given that the emergence of cross boarder industry and currency exchange markets. The real actuality is always that this industry was restricted from most

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Oil prices rise above 75 dollars

posted by john 729 days ago in USD, Oil

Oil prices climbed above 75 dollars on Friday, boosted by signs of higher demand for energy, traders said. New York’s main contract, light sweet crude for delivery in July, jumped 86 cents to 75.41 dollars a barrel. Brent North Sea crude for July

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Gold steadies as euro climbs

posted by john 737 days ago in EUR, Gold made popular 737 days ago

Gold steadied above two-week lows on Friday as the euro climbed against the dollar, but the market remained caught between selling to cover losses in other markets and safe-haven buying on worries over financial market turmoil.

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NZD lingers near US73 cents

posted by john 755 days ago in USD, NZD made popular 755 days ago

The New Zealand dollar consolidated at higher levels today after surging above US73c against the greenback for the first time in more than three months overnight on Friday.

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Euro holds on to market gains overnight

posted by john 758 days ago in EUR

The euro has held on to gains overnight, helped by hopes of a quick Greek rescue package that spurred investors to cover short positions.

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Euro Weaker But Steady As Investors Digest Weekend News

posted by john 761 days ago in EUR made popular 761 days ago

Friday’s fall in the euro to $1.3202 was painful enough to inspire a rebound sufficient to reverse course for only the first day in seven. Today’s pullback marks the seventh drop in eight sessions for the single European currency as investors wor

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Euro Recovers as Greece Seeks Aid; GBP, CAD Dropped

posted by john 762 days ago in EUR, GBP, CAD

Euro recovers earlier today on news that Greece has finally requested to activate the EUR 45b rescue package from EU and IMF. Greece CDS dropped back to below 600 bps level while yield on 10-year bonds also dropped back to 8.35%. Euro is lifted a

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Lower Equity Markets Weigh On JPY Crosses

posted by john 766 days ago in JPY, AUD made popular 766 days ago

The fall in the Nikkei led JPY crosses lower early. Moodys cut Toyota’s rating and the general sentiment was again risk averse. AUD/JPY fell from 86.30 to 85.80 and that was the biggest move of any pair. USD/JPY is still weighed down by sell orde

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EUR/USD: Tiny Bounce On EU/IMF/Greece Headline

posted by john 769 days ago in USD, EUR

EUR/USD has put in a bounce of source on the headline over Reuters that the EU/IMF talks in Greece could take place tomorrow or Wednesday – flight dependent of course.

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Japanese Household Confidence

posted by john 769 days ago in JPY made popular 769 days ago

The market was unchanged after a slightly better than expected Japanese household confidence which read 40.9 versus its forecast of 40.2 and prior reading of 39.8.

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Commodity prices diverge on mixed economic data

posted by john 770 days ago in GBP, Weekly, Oil made popular 770 days ago

Oil prices diverged this week as traders reacted to demand forecasts and the performance of the dollar, while metals futures hit multi-month highs.

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