Crude Oil Futures fell on Tuesday in Reaction to Stronger Greenback - September 7, 2011 23:32

Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange. The respective contract posted slight gains on the news of […]

Weekly Outlook for Euro - August 23, 2011 23:54

List of major events to affect the trading of euro against the US dollar for the week ended August 26th are as follows:- On Monday, August 22nd, 2011, United States reported its official data on mortgage delinquencies. Today on Tuesday, euro zone released its initial data on manufacturing and services sector activities. France and Germany […]

Crude Oil witnesses Correction on Weaker Greenback - August 19, 2011 23:28

Crude oil futures declined on Friday in reaction to weaker US dollar and bearish closing at Wall Street.  Crude oil futures contract for September delivery fell 0.2 percent or $0.12 to settle at $82.26 per barrel on New York Mercantile Exchange. The respective contract reached the day’s low of $79.17 per barrel while plunged 3.7 […]

US Dollar Makes New Low against the Japanese Yen - August 19, 2011 22:51

The US dollar weakened on Friday versus its major counterparts and made its new low against the Japanese Yen. Disappointing US economic indicators made heavy negative impact on stock markets and bond yields and further raised speculation that whether the US Federal Reserve will opt for another round of quantitative easing to boost the economy. […]

Oil Falls on Tuesday in Reaction to Reduced Global Demand - August 18, 2011 0:00

Crude oil futures declined 1.4 percent on Tuesday on reaction to uncertainty over oil’s global demand outlook. Selling pressure was for crude oil futures as escalating political crisis in Middle East and North Africa followed by oil spill in North Sea raised concerns. Crude oil futures contract for September delivery declined $1.23 to settle at […]

US Dollar Gains on Wednesday as France adds to Euro Zone’s Debt Crisis - August 11, 2011 23:58

US dollar gained especially against the euro on Wednesday as France also reaches on verge of sovereign debt default. Most of analysts also foresee credit rating cut for France. Foreign exchange analysts, Jessica Hoversen from MF Global commented, “French banks were the trigger [for the dollar’s gains], but the general theme of concerns over global […]

Gold Futures Decline on Thursday as US dollar Strengthens - July 29, 2011 23:52

Gold futures declined on Thursday after reaching record levels in earlier sessions. The appreciation o fUS dollar was the main reason behind the bullish sentiments for gold. The dollar index DXY which measures the US dollar movement against its major six rival currencies gained to 74.209 on Thursday as compared to 74.088 on Wednesday’s late […]

Gold finally faces Correction on Wednesday - July 28, 2011 19:19

Gold futures settled lower on Wednesday as the investors opted for profit taking after series of bullish gold sessions. Gold futures contract for August delivery declined 0.1 percent or $1.70 to $1,615.10 per ounce at Comex trading of New York Mercantile Exchange.  The respective contract touched the day’s high of $1,628 but later fell to […]

Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation - July 21, 2011 17:15

The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]