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By: Tom Jennemann New York 01/03/2011 – Gold on the Comex division on the New York Mercantile Exchange crept closer to its lifetime high on still-bubbling tensions in the Middle East, spiking oil prices and global inflationary concerns. Gold futures for April delivery were recently up $10.20 at $1,420.10 per ounce in New York. The [...]
FXstreet.com (Barcelona) – Euro upmove from 1.3425 lows on mid February has found resistance at 1.3860, -2011 high- which, according to Nicole Elliott, technical analyst at Mizuho, will eventually be breached, as the pair is expected to reach 1.4000 area, at least, this month. The pair’s momentum has turned bullish, according to Elliott, who expects [...]
FXstreet.com (Barcelona) – Dollar decline has been contained at fresh 2-year low at 0.9680, as the pair bounced slightly higher, reaching day highs at 0.9730 after the Bank of Canada decided to leave its benchmark interest rate unchanged. Immediate resistance lies at 0.9730/35 (intra-day level), and above here, 0.9760 (intra-day level) and 0.9790 (Feb 28 [...]
FXstreet.com (Barcelona) – The US Institute for Supply Management gauge of the Manufacturing sector in February resulted in a PMI reading of 61.4., and Prices Paid at 82.0. The previous reading stood unrevised at 60.8 and managed to avoid the market expected 60.7. In Prices Paid, expectations at 81.9 were also surpassed coming from a [...]
FXstreet.com (Barcelona) – Dollar decline from 0.9775 high on Mid February reached a fresh record low at 0.9233 on Friday and the pair’s attempts to pick up have remained capped below 0.9320 resistance area so far. The pair should break above 0.9500, 50% Fib retracement of the Feb 11-24 decline, to confirm recovery, says Slobodan [...]
Global equity bourses were sharply lower after a drop in US markets saw the Dow, the S&P, and the Nasdaq fall by 1.4%, 1.5%, and 1.6% respectively. Markets closed out August in the red on mounting concerns that the global recovery is faltering. Although PCE and personal spending figures were largely in line with expectations, [...]
Global equity bourses were sharply lower after a drop in US markets saw the Dow, the S&P, and the Nasdaq fall by 1.4%, 1.5%, and 1.6% respectively. Markets closed out August in the red on mounting concerns that the global recovery is faltering. Although PCE and personal spending figures were largely in line with expectations, [...]
The Australian dollar was the key gainer in the Wednesday session, advancing by nearly 2.4% against the greenback, while the Canadian dollar firmed by over 1.5%. The US equity bourses posted strong gains, with the S&P 500 and Nasdaq rallying by almost 3% and the Dow Jones higher by over 2.5%. Crude oil also clawed [...]
Risk-aversion continued to dictate market direction, with the Japanese yen touching a fresh 15-year high against the dollar while most of the major currencies tumbled against the greenback. The Canadian dollar slid by 1.2% and the euro dropped by more than 1.5%. The US equity bourses slid after returning from the long-weekend, with the major [...]
Japanese yen is back up, recovering recent lost ground against greenback quoting around 86.30 after reaching a fresh yearly low at 85.94 with US worse than expected GDP data. According to Stoyan Mihaylov from www.deltastock.com, “with the break below 86.82 the consolidation pattern above 86.25 has been confirmed to be over and the bias is [...]