Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
During this morning’s session crude oil futures prices are trading above $84.73/bbl in electronic trading. Most of the Asian equities are up near 1 percent on speculation of positive expectation from ease of debt crisis in Euro-zone. Most importantly, market will be eyeing on G-7 meet, where sign of heightened global alarm about strains in […]
Crude Oil and the current EU Crisis Read More »
During early Asian session crude oil futures prices are hovering below $86.20/bbl with fall of more than 0.30 percent in electronic platform. Oil price are under pressure on concern from major oil consuming nation like China. PMI manufacturing index for the month of May declined more than estimates and prior month levels. Likewise, contraction in
Crude Oil kicks of June Read More »
Gold traded little changed after bouncing from a key support level at $1,530 announce in the previous session, as investors remained focused on Spain’s struggle with its finances and frail banking sector. Spot gold lost more than 6 percent on the month. Spot Gold is currently trading at $1561.60. Comex Silver is currently trading at
Energy and Metal Review Read More »
Much of the risk tone facing world markets will be set by the US economy. For the most part this will only happen toward the end of the week not only because US markets are closed for Memorial Day on Monday but also because a series of key reports will be released on Friday that
Whats in Store for the End Market as May Ends Read More »
Rumors are that the ECB is going to step in an assist the Spanish Banks. Greece is considering replacing the euro and Europe cannot decide between austerity and growth on the back of a stimulus injection. There are many casualties in this European confusion, mostly investors nerves, and global confidence in the leadership of the
Rumors Innuendo and Worries Emanate from the EU Read More »
EU summits or the new mini-summits are occurring much more frequently since the euro zone crisis developed, as its finance ministers and leaders struggle to manage rapidly moving events, including those on financial markets. At times it appears the ministers have lost control or are only capable of reacting defensively to them. This week’s mini-summit
EU Summits And Mini Summits Read More »
During the early Asian session, crude oil futures prices are trading above $90.45/bbl with a gain of more than 40 cents on the Globex electronic platform. This may be a slight pull back on expectation of China will accelerate efforts to spur growth after the manufacturing index fell below 49 in May. On the other
Crude Oil During The Asian Session Read More »
The leaders of the 27 countries that make up the European Union are to meet in Brussels Wednesday to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth. The original meeting was supposed to be informal, but with pressure building in the
The Unofficial EU Summit Takes Centre Stage Read More »
Gold witnessed a mixed movement in yesterday’s trade and eventually closed in the red. Prices on the Comex June contract slipped 0.2 percent to $1588/oz despite dollar weakness and increased risk appetite. Movement in gold on Monday shows that investors remain cautious over prospects of sharp increase in prices in the near-term. With prices closing
Gold And Crude Oil Review Read More »
A Little Of This And A Little Of That From Financial Markets Around The Globe Commodities and equities took a breather and were seen recuperating from the recent slump though persistent worries over euro zone debt crisis and political uncertainty in Greece made investors remain guarded. Rebound in euro from a four month low levels
A Little Of This And A Little Of That Read More »
