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February 10th, 2012
Important Financial Indicators of the dayForecast Previous
GBP 09:30 (GMT) PPI Input 0.4% -0.6%
CAD 13:30 (GMT) Trade Balance 0.7B 1.1B
USD 13:30 (GMT) Official Bank Rate -48.1B 1.1B
USD 17:30 (GM) Fed Chairman Bernanke speaks
Currencies EUR/USD The dollar advanced versus most of its major counterparts as Asian stocks fell and European finance ministers withheld an aid package for Greece.
The dollar rose 0.2 percent to $1.3255 per euro as of 6:30 a.m. in London
AUDUSD Australia’s dollar fell from near a six-month high after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
Australia’s dollar slid 0.7 percent to $1.0714 at 4:13 p.m. in Sydney, after reaching $1.0845 on Feb. 8, the most since Aug. 2
Commodities Oil fell from the highest in three weeks, trimming a weekly gain, as concern that Europe’s debt crisis will worsen and curb global commodity demand.
Oil for March delivery fell as much as 46 cents to $99.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.57 at 5 p.m. Sydney time
Gold hovered unchanged at around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms.
Gold Price was little changed at $1,732.34 an ounce by 0315 GMT, after two straight days of losses.
February 13th, 2012
Currencies EUR/USD The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The pair is gaining strength this morning as Greece’s parliament approved austerity measures to secure an international bailout.
EURJPY The yen declined against the euro and other major peers after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second package of aid.
The yen declined 0.4 percent to 102.87 per euro as of 6:39 a.m. in London from last week in New York.
Commodities Oil advanced from a three-day low after Greece’s parliament approved austerity measures to secure an international bailout, easing concern that Europe’s debt crisis will worsen and curb demand for commodities.
Oil for March delivery climbed as much as $1.01 to $99.68 a barrel on the New York Mercantile Exchange.
Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout.
Physical buying from China also helped lift gold up $US6.10 an ounce to $US1725.49 in Asian afternoon trade.
February 14th, 2012
Currencies EUR/USD The dollar gained versus all its major counterparts after Moody’s Investors Service cut ratings on European nations including Italy, Spain and Portugal, boosting demand for safer assets.
The dollar rose 0.2 percent to $1.3165 per euro as of 2:24 p.m. in Tokyo
USD/JPY The yen fall after the Bank of Japan said it expanded its asset-purchase fund to ensure a recovery.
The yen dropped as much as 0.2 percent to 77.76 per dollar, before trading at 77.68 at 12:48 p.m. Tokyo time from 77.57 yesterday.
Commodities Oil fell from the highest price in almost five weeks on speculation that U.S. crude supplies are rising and demand for fuel may falter as Europe grapples with lower credit ratings.
Oil for March delivery slid as much as 54 cents to $100.37 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.62 at 1:57 p.m. Singapore time.
Gold prices fell in Asian trading Tuesday as the euro lost ground against the dollar amid resurfacing investor jitters about the euro-zone debt crisis.
Spot gold was trading at $1,717 a troy ounce at 0505 GMT, down $4.90 from its previous settlement.
February 15th, 2012
Currencies EUR/USD The EUR/USD pair fell again on Tuesday as the markets continue to sell risk related assets. The announcement of the cancelled EU Finance Ministers meeting on Wednesday also sent a shudder through the markets as well.
EUR/JPY The euro rose to its highest level in two months against the yen after the People’s Bank of China said the nation will participate in resolving Europe’s debt crisis, boosting demand for higher-yielding assets.
The 17-nation euro rose 0.4 percent to 103.41 yen at 6:31 a.m. in London and earlier touched 103.48, the most since Dec. 12.
Commodities Oil rose after China pledged to help resolve Europe’s debt crisis, easing concern that economic growth will slow and curb fuel demand. Brent crude may advance to $120 a barrel, according to Goldman Sachs Group Inc.
Oil for March delivery rose as much as $1.02 to $101.76 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.62 at 3:05 p.m.
Gold edged higher on Wednesday but remained in a tight range around $1,720 an ounce, with investors on the sidelines because Greece has yet to convince European leaders of its ability to stick to unpopular reforms needed to secure a bailout.
Spot gold edged up 0.3 percent to $1,724.04 an ounce by 0317 GMT. U.S. gold gained 0.5 percent to$1,726.30
February 16th, 2012
Currencies EUR/USD The EUR/USD dropped to a three-week low before German and Italian leaders meet tomorrow ahead of a finance ministers’ gathering next week to decide on a second bailout package for Greece.
USD/CAD The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
U.K. consumer confidence rose in January to the highest in five months on signs of strength in the economy.
Commodities Commodities fell from a six-month high, paced by declines in copper and crude, after European leaders delayed a decision on Greece’s bailout, boosting the dollar and eroding demand for raw materials.
Oil for March delivery was at $101.45 per barrel, down 0.3 percent on the New York Mercantile Exchange after ending yesterday at the highest close since Jan. 10. Prices have been supported by reports that Iran halted shipments to Europe..
Gold declined after European leaders delayed a decision on Greece' s bailout, boosting the dollar and eroding demand for the metal as an alternative investment
Spot gold fell as much as 0.6 percent to $1,717.95 an ounce and traded at 1,718.43 $ . Prices have gained 9.9 percent this year .
February 17th, 2012
Currencies EUR/USD The euro may fall toward its lowest level in more than two years against the dollar after dropping below a key support level, Bank of America Corp. said, citing trading patterns.
The euro traded at $1.3134 as of 9:42 a.m. in Tokyo from $1.3130 in New York yesterday, when it fell to as low as $1.2974, the weakest since Jan. 25.
USD/JPY The yen dropped against all its major peers, reaching the weakest in more than three months against the dollar, as gains in Asian stocks and signs of growth in the U.S. economy damped demand for haven assets.
Japan’s currency slid 0.2 percent to 79.07 yen per dollar as of 2:21 p.m. in Tokyo..
Commodities Oil traded near the highest price in six weeks as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
Crude for March delivery was at $102.46 a barrel, up 15 cents, on the New York Mercantile Exchange at 12:55 p.m. Singapore time. Prices yesterday rose 51 cents, or 0.5 percent, to $102.31, the highest close since Jan. 4.
Gold headed for the first weekly advance this month as optimism that Greece may receive a second bailout and avert default hurt the dollar, boosting demand for the precious metal as an alternative asset.
Spot gold gained 0.2 percent to $1,731.57 an ounce at 12:04 p.m. in Singapore, and is set to advance 0.6 percent this week.
February 20th, 2012
Currencies EUR/USD rose during the session on Friday as the market tried to rally on all things risky. However, there is a massively important meeting in Europe Today that will decide whether or not the Greeks get their bailout.
The 1.30 level below extends support down to the 1.29 mark, and that will have to be overcome for any down move to pick up a momentum.
USD/JPY The yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets.
The yen fell 0.5 percent to 105.09 per euro at 6:47 a.m. in London after touching 105.75, the weakest since Nov. 14.
Commodities Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
Crude for March delivery rose as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchange, the highest intraday price since May 5.
The optimism on a deal later in the day between Greece and euro zone on the second bailout for Greece sent equities and the euro up, helping support gold
Spot gold rose 0.6 percent to $1,733.96 an ounce by 0406 GMT, on course for its biggest daily rise in two weeks.
February 21th, 2012
Currencies EUR/USD The 17-nation euro advanced to the strongest level in more than a week versus the U.S. currency as Luxembourg’s Jean-Claude Juncker told reporters the deal includes a 53.5 percent writedown for investors in Greek bonds.
Europe’s common currency rose 0.1 percent to $1.3254 and earlier reached $1.3293, the strongest level since Feb. 9.
EUR/JPY The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
The euro touched 105.97 yen, the most since Nov. 14, before trading 0.2 percent higher at 105.62 yen as of 1:39 p.m. in Tokyo.
Commodities Oil traded near the highest price in nine months after euro-area finance ministers agreed on a second bailout for Greece, improving prospects for fuel demand.
Oil futures for March delivery, which expire today, advanced as much as $2.20 to $105.44, the highest intraday price since May 5 on the New York Mercantile Exchange.
Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece.
Spot gold inched up 0.4 percent to $1,740.35 an ounce by 0624 GMT, after touching a one-week high of $1,740.49.
February 22nd, 2012
Currencies EUR/JPY was within 0.1 percent of a three-month high after the Greek government won a second bailout and sent debt-swap and austerity measures to parliament for approval.
The euro strengthened 0.4 percent to 105.97 yen from yesterday, when it reached 106.01, the highest since Nov. 14.
USD/JPY rose to a six-month high of 80.08 on speculation signs of growth in the U.S. economy will reduce the case for more quantitative easing by the Federal Reserve.
The dollar rose 0.4 percent to 80.04 yen as of 6:31 a.m. in London, after earlier touching 80.08, the strongest since Aug. 4.
Commodities Oil traded near the highest level in nine months as concern that tension with Iran will disrupt supplies countered speculation the global economy may falter and curb fuel demand.
Oil for April delivery was at $106.17 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:22 p.m. Sydney time. It earlier slid as much as 54 cents. Front-month prices advanced 2.5 percent yesterday to the highest close since May 4.
Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced the gains triggered by the actual agreement and slower factory activity in China contributed to the fall.
Spot gold rose to $1,759.84 an ounce in early trade, its highest since February 3, before reversing course to fall 0.18 percent to $1,755.86 an ounce by 0452 GMT.
February 28th, 2012
Currencies EUR/USD The EUR/USD rose 0.3 percent to $1.3431. ECB is preparing to issue a second round of unlimited three-year loans to help shore up the region’s banks. U.S. economic data may show orders for durable goods fell in January, while consumer confidence improved this month
USD/CAD After climbing to 1.0049 the USD/CAD dropped down to 0.9991, as the dollar rose on most major rivals as the euro fell prey to apparent profit-taking in quiet trading Monday, after the Group of 20 nations refused to boost funding for the International Monetary Fund until the euro zone boosts the size of its own firewall.
Pending home sales climbed 2% in January to the highest level since April 2010, when buyers were taking advantage of a now-expired tax credit. The pending-home-sales index rose to 97.0 from a downwardly revised 95.1 reading in December.
Commodities Commodities fell a second day on concern Prices coming to near a 9-month high that may bend demands. Oil dropped for a second day in New York on speculation rising U.S. stockpiles signal easing fuel demand as crude trades near the highest price in nine months.
Oil for April delivery fell as much 72 cents to $107.84 a barrel in electronic trading on NYMEX and was at $108.44 a barrel at 3:06 p.m. Singapore time. The contract yesterday slid 1.1 percent to $108.56, snapping the longest winning streak since January 2010. Prices rose 6.3 percent last week to the highest since May 3 and are up 12 percent in the past year.
Gold rose about 3% previous week, outcome of Greece’s bailout deal and expectations of biggest momentary easing.
Spot gold edged up 0.3% to USD 1,771.96 an ounce by 0643 GMT, off a three-month high of $1,787.11 hit last week.