Daily Market News from TradingForex - page 2
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Currencies News from TradingForex
EUR/USD
The euro did not change much against the dollar. The dollar stayed higher than most major currencies gaining against the euro, which is not shocking when paired with the news that the European currency may not be improving any time soon. The pair hit 1.3093 rising 0.03 percent.
USD/JPY
After rising 1.3 percent over the past two days, the yen once again fell against most of the major currencies, and lost against the dollar 0.5 percent to 87.49 per dollar at 6:49 am London time.
AUD/USD
The Australian dollar has made a turn and for the last three days it has been gaining. The Aussie rose 0.4 percent over the past three days and it traded at 1.0503 dollars at 4:55 pm Sydney time. The pair hit 1.0523 which is a 0.06 percent increase.
GBP/USD
The pound did not change much against the dollar. It lost 0.4 percent from yesterday and traded at 1.6047 dollars at 7:57 am London time. Over the past week alone Britian's currency has lost 0.8 percent, making it the worst performer of the 10 developed countries.
Commodities News from TradingForex
GOLD
The increased demand of gold from the world’s biggest nation, China, has been pushing gold into an impressive gain
Spot gold rose 0.3 percent and traded at 1,662.35 dollars an ounce at 3:07 pm Singapore time. Yesterday prices rose up to their highest since the 2nd of January with a 0.8 percent increase.
Cash bullion of 99.99 percent purity rose to 1,668.11 dollars an ounce on the Shanghai gold exchange, a 0.7 percent increase.
OIL
Oil in New York has suffered an overall loss over the past day. West Texas Intermidiate Futures lost 4 cents.
Crude for February delivery lost 19 cents, and traded at 92.96 dollars a barrel in electronic trading on the New York Mercantile Exchange at 4:01 pm Singapore time.
Brent Oil for February settlement lost 12 cents, and traded at 111.82 dollars a barrel on the London based ICE futures Europe exchange.
Currencies News from TradingForex
EUR/USD
The euro slid 0.1 percent to1.3056 dollars. The euro which is considered in crisis, awaits its fate when the European Central Bank will meet on Thursday. The pair hit 1.3037 in the morning which is its lowest since Monday.
USD/JPY
The Japanese yen has fallen once more against most of its counterparts. The two day loss has the currency losing 0.3 percent and falling to 88.17 dollars at 6:39 London time. On the 4th of January the currency had reached its lowest level in over two years.
AUD/USD
The Australian dollar has gained its three week high against the dollar. As imports and exports in China improve, its major trading partner Australia, has been positively affected and the country’s currency has been improving. The Aussie touched its strongest price since the 18th of December with 1.0555 dollars, before falling to 1.0552 dollars at 4:31 pm Sydney time, which is a 0.3 percent increase.
GBP/USD
The British currency has suffered a big loss and has fallen lower than most of its counterparts, occupying the second to last spot. It reached its lowest level since the 30th of November at 1.5993 dollars, it then rose to 1.6012 dollars at 4:38 pm London time.
Commodities News from Trading Forex
GOLD
China’s increased improvement in exports and imports has been pushing gold forward.
Gold for February delivery traded at 1,659.70 dollars an ounce on the Comex in New York a 0.3 percent increase. Spot gold increase by 0.2 percent and at 2:57 pm Singapore time traded at 1,660.24 dollars an ounce.
OIL
Oil in New York has had a turn, and for the first time in three days started rising.
Crude for February delivery traded at 93.53 dollars in electronic trading on the New York Mercantile Exchange, a 43 cent increase. It reached its lowest since the 4th of January at 93.10 dollars, after reaching 93.48 dollars at 2:39 pm Singapore time.
Brent oil for February settlement, gained 21 cents, rising to 111.97 dollars a barrel, on the London based ICE futures Europe exchange, a 0.2 percent increase.
Currencies News from TradingForex
EUR/USD
The euro reached its highest gain in five months against the dollar, even though yesterday’s European Central Bank’s meeting decided against changing interest level rates. The US dollar also did well being higher than a lot of the other major currencies, despite its drop. The pair was up by 1.42 percent yesterday at 1.325
USD/JPY
The yen continues to drop, reaching its lowest level since the 29th of June 2010, at 89.35 per dollar, it dropped 0.3 percent from yesterday trading at 89.08 at 2:58 pm Tokyo time. This marks the yen’s longest loss period in over 20 years.
AUD/USD
Once again China’s economical status has affected the Australian dollar which has fallen against most of the other major currencies, leaving behind its highest level in four months. It traded at 1.0590 dollars at 10:31 am Sydney time yesterday. It has climbed 0.8 percent over the past 24 hours, and reached its highest level since the 14th of September at 1.0599 dollars.
GBP/USD
The British currency fell 0.28 percent against the dollar at 1.6015 dollars. The pair fell 0.13 percent to 1.6148 after the central British bank decided against making any changes in their benchmark rate. This happened after the pair had showed signs of improvement over the past two days.
Commodities News from TradingForex
GOLD
Gold is increasingly improving as China’s export growth grows, to what is estimated to be triple what it was at the beginning of the year.
Gold has gained 2.9 percent since the 4th of the month when it had reached its weakest in five months.
Spot gold declined 0.3 percent before rising to 1,673.40 dollars at 1:27 pm Singapore time.
OIL
As Saudi Arabia the world largest crude exporter cuts back on its exports, markets have pushed oil up and it has had a good gain reaching its highest level in four months.
West Texas Intermediate crude for February delivery increased by 10 cents, and at 1:40 pm Singapore time it traded at 93.92 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent Oil for February Settlement lost 32 cents, and traded at 111.57 dollars a barrel on the London based ICE futures Europe exchange.
Currencies News from TradingForex
EUR/USD
The dollar has sunk to more than a 10 month low against the Euro, losing 0.3 percent and reaching its lowest since the 29th of February 2012 at 1.3404 dollars.
USD/JPY
The yen reached its lowest level against the dollar since the 25th of June 2010 at 89.67 per dollar, the yen suffered a 5 percent fall from last week, and traded at 89.60 at 5:58 am London time.
AUD/USD
The Australian dollar gained against most other currencies including the dollar, it reached 1.0557 dollars at 4:45 pm Sydney time a 0.2 percent increase.
GBP/USD
The British pound fell against the US dollar, as it has struggled against most of its counterparts. The pair lost 0.06 percent and traded at 1.6122
Commodities News from TradingForex
GOLD
Gold for February delivery lost 1 percent, and traded at 1,666.60 dollars an ounce on the Comex of the New York Mercantile Exchange, however this still ensured a 0.7 percent weekly gain.
Future prices for gold have gained 22.50 dollars, a 1.4 percent increase.
OIL
Oil in New York is reaching a four month high, while Brent crude’s West Texas Intermediate is falling to its four month low.
Crude for February delivery reached 94.27 dollars a barrel with a 71 percent increase. At 2:31 pm Singapore time it traded at 94.22 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent for February settlement gained 40 cents and traded at 111.04 dollars a barrel on the London based ICE futures Europe exchange.
Currencies News from TradingForex
EUR/USD
The dollar gained 0.2 percent against the euro, reached 1.3358 dollars per euro. The pair lost 0.05 percent and fell to 1.3376.
USD/JPY
The yen has changed its four day loss, and started gaining against most of the major currencies, fulfilling expectations that the yen would improve. It reached to 88.96 per dollar a 0.6 percent increase at 6:25 am London time. That comes as a big change since only yesterday it reached its weakest in two years with 89.67.
AUD/USD
The Australian dollar found its self n a downfall against all other major currencies. It fell against the dollar, and that is mainly due to lack of employment in the country. It lost 0.2 percent, and reached 1.0549 dollars at 4:45 pm Sydney time.
GBP/USD
The British pound gained slightly against the dollar, the pair increased by 0.05 percent reaching 1.6085 yesterday. That is a rise from its low session of 1.6070.
Commodities News from TradingForex
GOLD
Bullion traded at 1,675 dollars an ounce. As expectation have gold averaging at 1,720 dollars an ounce this year, and falling to 1,600 dollars next year. It has lost 0.2 percent and fell to 1,672.80 dollars an ounce in London through this month, after its 7.1 percent increase last year.
OIL
Despite expectations that oil in New York would rise to its highest in four months, it has made a turn and dropped. Futures lost 0.5 percent, contrary to yesterday’s 0.6 increase.
Crude for February delivery lost 43 cents and traded at 93.71 dollars a barrel in electronic trading on the New York Mercantile Exchange. At 2:24 pm Singapore time it settled at 93.82 dollars a barrel.
Brent for February settlement, lost 31 cents and traded at 111.57 dollars a barrel on the London Based ICE futures Europe Exchange.
Currencies News from TradingForex
EUR/USD
The euro has had an alarming 8.4 percent gain against the euro over the past 6 months. It traded at 1.3306 dollars at 5 pm New York time, a 0.6 percent decrease, that is after it touched its highest in almost a year on the 14th of January with 1.3404 dollars.
USD/JPY
The yen has had a two day gain, and in fact its highest in eight months. After its 0.8 percent gain yesterday it gain an extra 0.7 percent today and reached 88.19 per dollar, at 6:55 am London time.
AUD/USD
The Australian dollar fell against the U.S. dollar and traded at 83.93 U.S. cents, dropping from yesterday’s 83.97. Earlier this week the Australian dollar was boosted when Federal Reserve chairman Ben Bernanke said he expects the central bank to continue its bond buying program.
Commodities News from TradingForex
GOLD
Gold has been doing well over the past three days, and is now headed to a two week high. Last year’s overall gain for Gold was at a 7.1 percent increase.
Spot gold gained a 0.3 percent increase trading at 1,682.45 dollars at 12:48 pm Singapore time, after trading at 1,684.75 dollars an ounce. Spot Gold managed to reach its highest price since the 3rd of this month, at 1,685.25 dollars an ounce.
Gold for February delivery traded at 1,682.10 dollars an ounce on the Comex in New York.
OIL
Oil continues to fall back, and oil in New York has reached its lowest in almost a week.
Crude for February delivery rose 23 cents, and traded at 93.51 dollars a barrel at 1:46 pm Singapore time, in electronic trading on the New York Mercantile Exchange.
Brent for February settlement rose 37 cents, and traded at 110.67 a barrel on the London based ICE futures Europe exchange. Brent for February settlement expires today.
Currencies News from TradingForex
EUR/USD
The dollar has gained against its counterparts since yesterday. The euro rose to 1.3297 dollars. The EUR/USD pair lost 0.09 percent and fell to 1.3293. The pair is expected to find support at 1.3037, and resistance at 1.3403.
USD/JPY
The yen’s two day gain fell short when it lost 0.3 percent and dropped to 88.64 per dollar at 3:31 pm Tokyo time. The pair lost 0.08 percent in Asian trading and fell to 88.31. Expectations have the bank of Japan adjusting its inflation target to 2 percent, when the two day meeting occurs on January 21.
AUD/USD
The Australian dollar fell against most other currencies, and that is mainly due to the high rates of unemployment that the country is suffering. The Aussie lost 0.6 percent and fell to 1.0513 dollars at 5:17 pm Sydney time. The AUD/USD pair also lost 0.63 percent, and fell to 1.0506.
Commodities News from TradingForex
GOLD
Gold was not highly changed over the past day. Gold for February delivery lost 0.2 percent and traded at 1,679.60 dollars an ounce.
Spot gold gained from yesterday and went up to 1,680.05 dollars an ounce at 12:29 am Singapore time.
OIL
Expectations having oil reach its highest level in four months were cut short when oil in New York fell. Futures dropped 0.5 percent, after yesterday’s 1 percent rise.
Crude for February delivery lost 44 cents and fell to 93.80 dollars a barrel. At 1:12 pm Singapore time it traded at 93.88 dollars a barrel in electronic trading on the New York Mercantile Exchange.
Brent oil for March settlement lost 23 cents and fell to 109.45 dollars, on the London based ICE futures exchange.
Currencies News from TradingForex
EUR/USD
The euro rose against most other currencies reaching its highest in 10 months against the dollar. It increased by 0.7 percent and traded at 1.3376 dollars at 5 pm New York time. The EUR/USD pair decreased by 0.04 percent to 1.3371.
USD/JPY
The yen fell to its weakest since the 23rd of June 2010 at 90.13 per dollar before trading at 89.93per dollar which was still a decrease by 1 percent from yesterday. Next weeks BOJ two day meeting is still expected to come to a decision of increasing its inflation target to 2 percent, in hopes that it will help boost the yen from its current situation.
AUD/USD
The Australian dollar fell against most of its peers even though China has had a 7.9 percent GDP growth, and China is Australia’s main trading partner. One of the main reasons behind the Aussie’s decline is the increased unemployment rate in the country which has started increasing since December of last year. The AUD/USD pair fell 0.27 percent to 1.0520, and is expected to find support at 1.0498 and resistance at 1.0544
Commodities News from TradingForex
GOLD
Gold did not go through any significant changes since yesterday.
Gold for immediate delivery had an overall 1.5 percent increase this week, and traded today at 9:55 am Singapore time at 1,688.25 dollars an ounce.
Gold futures gained 2.3 percent and today they reached a record of 1,699 dollars an ounce on the Tokyo Commodity Exchange.
Bullion for February delivery fell 0.2 percent and traded at 1,687.50 dollars an ounce on the Comex.
OIL
China’s economic growth acceleration has helped fulfill earlier expectations that oil would reach a four month high.
Crude for February delivery rose 11 cents and traded at 95.60 dollars a barrel in electronic trading on the New York Mercantile Exchange at 1:27 pm Singapore time.
Brent for March settlement rose 16 cents, and traded at 111.26 dollars a barrel on the London based ICE futures Europe exchange.
Currencies News from TradingForex
EUR/USD
The U.S. dollar has found itself falling against most of its peers. The decision that the Bank Of Japan should be making by the end of today’s meeting regarding the inflation rates is expected to have an effect on the U.S dollar. The EUR/USD pair traded at 1.3313 down 0.02 percent.
USD/JPY
The yen continued gaining against other currencies, after the BOJ came to the decision of conducting open ended asset purchases from next year. The currency rose 0.4 percent, and at 7:05 am London time it reached 88.22 per dollar. The pair rose 0.36 percent and traded at 89.75.
AUD/USD
The Australian dollar gained against the U.S. dollar, in Asian trading. The pair rose to 1.0516 up 0.13 percent. It is expected to find support at 1.0468 and resistance at 1.0557.
GBP/USD
The British pound, also known as the Sterling, gained a little opposite the U.S dollar, and the pair traded at 1.5840 which is a 0.05 percent increase.
Commodities News from TradingForex
GOLD
Gold reached its highest in four weeks.
Gold for February delivery rose 0.4 percent and traded at 1,693.10 dollars on the Comex in New York.
Spot Gold gained 0.3 percent and at 12:56 pm Singapore time it traded at 1,693.90 dollars an ounce.
OIL
Oil rose getting close to a four month high.
West Texas Intermediaries for February delivery rose 14 cents, and at 2 pm Singapore time traded at 95.70 dollars a barrel in electronic trading on the New York Mercantil Exchange. WTI for February delivery expires today.
Brent Oil for March settlement rose 39 cents, and traded at 112.10 dollars a barrel on the London based ICE Futures Europe exchange.
Currencies News from TradingForex
EUR/USD
The dollar has traded very low, and fell against most of its peers. The EUR/USD pair fell 0.01 percent and traded at 1.3313.
USD/JPY
The yen made it to a third day of gains, something which hasn’t happened in almost two months. It increased 0.5 percent reaching 88.23 per dollars at 6:10 am London time. The 14 day relative strength index for the yen was 39 against the dollar. The pair lost 0.3 percent and traded at 88.45
AUD/USD
The Australian dollar fell against most of its counterparts, mainly due to weak inflation data in the country. The pair fell 0.30 percent in Asian trading and was at 1.0536. It is expected to find support at 1.0468 and resistance at 1.0557.
Commodities News from TradingForex
GOLD
Gold for immediate delivery traded at 1,693.55 dollars an ounce as of 12:17 pm Singapore time.
Bullion for February delivery traded at 1,693.30 dollars an ounce on the Comex in New York.
Cash bullion of 99.99 percent purity, traded at 1,699.77 dollars an ounce on the Shanghai Gold Exchange.
OIL
Oil traded well and almost reached its four months high in New York.
West Texas Intermediate crude for March delivery lost 12 cents, and at 2 pm Singapore time it traded at 96.65 dollars a barrel, in electronic trading on the New York Mercantile Exchange.
Brent for March settlement lost 24 cents, and traded at 112.18 dollars a barrel on the London based ICE Futures Europe exchange.