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 […]

US Dollar remains Under Pressure as Bernanke Suggest Additional Stimulus Measures - July 14, 2011 21:23

The US dollar declined versus its major counterparts on Wednesday as the US Federal Reserve Chairman Ben Bernanke supported the stance for additional stimulus measures in case of further deterioration in US economy. Bernanke while addressing the House Financial Services Committee commented, “The possibility remains that the recent weakness may prove more persistent than expected […]

US dollar remains mixed on Friday on Latest Jobs Data - July 8, 2011 23:27

The US dollar declined versus its major counterparts except the euro on Friday. The negative sentiment prevailed on latest US payrolls report which disappointed the traders. On the other hand the single currency also remained under pressure on Italy’s debt crisis. Chief currency strategist, Dean Popplewell from Oanda Corporation commented, “It’s difficult to want to […]

Euro reaches its Highest in 2 weeks a Greece gets ready for First Round of Bailout Package - June 30, 2011 20:09

The euro touched it’s highest versus the greenback in last 2 weeks on positive development for Greece’s debt situation. The Greek parliament has approved the bailout package of 78 billion euros equivalent to $112.2 billion for its austerity measures. The single currency gained to 1.4431 against the US dollar on Wednesday as compared to 1.4366 […]

Gold Futures Recover on Tuesday after Three Consistent Bearish Trends - June 29, 2011 23:28

Gold futures gained on Tuesday and crossed the level of $1,500 per ounce as investors got optimistic for the base metals due to resolution for Greece’s sovereign debt crisis. Gold futures contract for August delivery gained 0.3 percent or $3.80 to $1,500.20 per ounce on Comex division of New York Mercantile Exchange. The respective contract […]

Oil Futures Move up on Thursday after the Record Drop a Day Earlier - June 17, 2011 21:23

Crude oil futures gained on Thursday after declining by 5 percent on Wednesday’s session. The crude oil futures contract for July delivery surged 0.2 percent of $0.14 to $94.95 per barrel on New York Mercantile Exchange. Many analysts believe that crude oil has found support at these levels. In the news Greece’s debt situation and […]