Gold Futures Decline on Chinese Data - March 23, 2012 23:55

Gold futures contract fell on Thursday and reached their lowest in last nine weeks. The precious metal remained lower after the less than expected Chinese manufacturing data. HSBC’s manufacturing managers’ index for China fell to its lowest in last four months in the month of March. China happens to be the top consumer of natural […]

Gold Futures Fell on Demand Uncertainty - March 21, 2012 23:53

Gold futures contract declined on Tuesday as investors were concerned over the demand of the precious metal due to economic slowdown in China. BHP’s president Ian Ashby said on Tuesday in Perth that China’s demand for iron ore is decreasing which will eventually settle down to a single digit figure. The notion created a panic […]

Gold Futures Gain on Weaker Dollar - March 16, 2012 23:52

Gold futures contract gained on Thursday in reaction to weakening US dollar. The gold futures contract for April delivery gained 1 percent or $16.60 to settle at $1.659.90 per ounce on the Comex division of the New York Mercantile Exchange. Head of research, William Adams from FastmMarkets commented, “there is a risk of further weakness, […]

Crude Oil Futures Gain on Positive Retail Sales Data - March 14, 2012 22:03

Crude oil futures gained on Tuesday in reaction to upbeat tone of Federal Reserve’s officials about the US economy and positive retail sales report. Crude oil futures contract for April delivery advanced 0.04 percent or $0.37 to settle at $106.71 per barrel on the New York Mercantile Exchange. On Monday, investors were very pessimistic on […]

Forex-Weekly Outlook - March 6, 2012 23:09

Major economic events which have significant impact on forex markets for the week ending March 9th, 2012 are as under: On Monday, data on French and Italian purchasing managers Index was published in the euro zone while single currency region published its separate data on purchasing managers index for services sector. The euro zone also […]

Economic Events to Affect the Forex Markets - February 28, 2012 23:31

Major economic events to affect the forex markets for the week ending March 2nd, 2012 are as follows: On Monday, euro zone reported data on producer prices in France along with data on Italian business confidence. Data on M3 money supply was also published in euro zone. In United States, data on pending home sales […]

US Dollar Reaches its Highest in Seven Months Vs. the Japanese Yen - February 23, 2012 21:57

The greenback gained versus its major rivals on Wednesday while reached its record high in seven months against the Japanese yen. The single currency also declined in reaction to weaker than expected euro zone economic data. The greenback jumped to 80.24 against the Japanese yen on Wednesday as compared to 79.73 on Tuesday’s late trading […]

Euro Gains as European Partners Decide to Finalize the Bailout Package for Greece by Next Week - February 17, 2012 22:18

The euro gained on Friday in reaction to the news that Greece’s European partners will finalize a deal for the second bailout package by the next week. Director of currency research, Boris Schlossberg from GFT commented, “The euro rose as markets became convinced that the ongoing negotiations for the Greek bailout will finally conclude next […]

Gold Futures Remain Bearish as Greenback Strengthens - February 15, 2012 22:54

Gold futures remained under pressure of the third consecutive session on Tuesday as the Greece’s bailout package negotiations were postponed while the US dollar gained in reaction to week weak US retail sales data. Gold futures contract for April delivery declined 0.4 percent or $7.20 to settle at $1,717.70 per ounce on the Comex division […]