Gold Futures Keep Rallying - November 30, 2011 23:52

Gold futures sustained their bullish rally for the consecutive second day on Tuesday on its safe haven status. Gold futures contract for December delivery gained 0.2 percent or $2.60 to settle at $1,713.40 per ounce on Comex trading of the New York Mercantile Exchange. However some of the analysts were of the opinion that investors […]

Crude Oil Reaches $100 in Reaction to Development in Euro Zone’s Situation - November 29, 2011 23:57

Crude oil futures reached their record level on Monday on optimism over euro zone’s debt situation. Crude oil futures contract for January delivery surged 1.5 percent or $1.44 to settle at $98.21 per barrel on the New York Mercantile Exchange. The respective contract touched its intraday high of $100.74 per barrel which happens to be […]

Weekly Outlook for Forex - November 29, 2011 23:54

On Monday, November 28th, 2011, United States reported its official data on new home sales while in euro zone, Germany published its preliminary data on consumer price inflation along with report on consumer climate. In United Kingdom, industry data on retail sales was released. New Zealand reported its data on business confidence on Monday. Today […]

NYMEX Trading: Crude Oil Post Slight Gains while Gold ends Lower - November 25, 2011 23:24

Crude oil futures slightly gained on Friday after a volatile session on Friday. Analysts attributed rising US dollar as the reason for pressure on commodities. The dollar index DXY which measures the greenback’s performance against its six major rival currencies gained to 79.607 on Friday as compared to 79.099 on Wednesday’s North American trading session. […]

Forex Outlook for the Week Ending November 25th - November 22, 2011 23:19

On Monday, United Kingdom reported its data on house price inflation while United States released its industry figure on existing home sales. In euro zone, official report on region’s current account was published. The Bank of Japan released minutes of is policy meeting held in November along with data on Japan’s trade balance. In Canada, […]

Single Currency recovers as Euro Bonds Stabilize - November 18, 2011 23:49

The euro recovered on Thursday as the investors were optimistic on stabilization of euro bond yields. The yield on the Italian 10-year government bond fell back to 6.81 percent from 7 percent in reaction to which the euro touched its intraday high of 1.3540. However, the Spanish government‘s 10-year bond still traded above the yield […]

Forex Markets: Weekly Outlook - November 15, 2011 23:31

Major economic events that have significant affect on the forex and currencies market for the week ending November 18th, 2011 are as follows: On Monday November 14th, 2011, euro zone reported its official data on the region’s industrial production. Switzerland also reported its data on producer price inflation on Monday. On Tuesday, November 15th, 2011, […]

Euro Gains in Hopes for Quick Implementation of Economic Reforms in Italy - November 11, 2011 22:54

The single currency gained on Thursday as investors were optimistic and hoped for quick implementation of economic reforms in Italy and Greece. Director of Currency research, Kathy Lien from GFT commented, “The main question is how quickly will we see additional action from European policy makers, Even though the euro-dollar has rallied, doing nothing is […]

EIA Reports Surprise Decrease in Crude Oil Inventories - November 10, 2011 23:57

Energy Information Administration released its latest inventories data on Wednesday for the week ended November 4th, 2011. As per latest report of EIA, crude oil inventories fell 1.4 million barrels for the respective week while analysts expected crude oil stockpiles to increase by 1 million barrels. Gasoline stockpiles declined 2.1 million barrels as compared to […]