Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
European markets traded higher today after Alcoa (AA), the country’s largest aluminium Producer, posted an unexpected first quarter profit after orders increased. Alcoa climbed 6.2 percent in pre-market New York trading as aluminium climbed 1 percent from a three-month low. Italy and Germany are among six countries in Europe selling debt today, while in the […]
Forex And Commodity Roundup Read More »
Over the past year, oil prices rose considerably in reaction to the Arab spring, reaching close to $126 per barrel in last April at the peak of the Libyan crisis. Since then, prices have not returned to the moderate levels of 2010, when the average price for the year was around $80 per barrel. Instead,
China, Crude And The GCC Read More »
Just a year or so ago, when brokers and economists were pointing that we might be facing $100.00 oil prices, everyone shook their heads and laughed. Sure oil surged up to hit $100.00 now and then but quickly fell again. With the world in recession, demand falling, consumer spending down, manufacturing collapsing, if supply and
Crude Oil And Speculators Hamper Economic Recovery Read More »
The Bank of England today voted to keep its key interest rate at a 0.50% and to maintain its economic stimulus program amid mixed signals for the British economy. Lately economic data from the UK has been hit or miss and very hard to interpret, making no clear economic picture, current accounts are down, PMI
OECD Says Britain Back In Recession Read More »
As I research each day, I copy or jot down items that I find about currencies, economic indicators, reports and news, so at the end of the day when I have to start to do my fundamental analysis for each of the major currency pairs and several commodities I have easy access to the material
Notes From My Desk April 4 2012 Read More »
Gold futures are likely to edge higher this week in low volume trade, helped by a weaker dollar overseas, though prices could be weighed by poor demand as jewelers’ continue their protest against levies. A director at Commtrendz Research commented: [quote]Improvement in the US economy will drive risk appetite[/quote] The most-active gold for June delivery on the Multi
Gold Sitting On The Sidelines Ahead Of FOMC Read More »
Organization of Petroleum Exporting Countries (OPEC) oil output rose in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran. Supply from the 12 members of the OPEC averaged 31.26 million barrels per day (bpd), up from 31.16 million bpd
OPEC March Figures Support Increased Production Read More »
Despite the holiday-shortened week in the euro area, US markets remain open on Good Friday and even the payrolls are scheduled for Friday. Ahead of the payrolls, we will receive the non-manufacturing ISM, the ADP report, factory orders and weekly claims. These data should give us a latest update on the economy in the US
It’s All About Jobs In The US This Week Read More »
In 2009, the People’s Bank of China used Shanghai to kick off a trial program to permit Chinese companies to settle cross-border trade in yuan—which has now expanded to include the rest of the country. Once again a new trial program will be launched in Shanghai. The yuan-fund program is “under preparation”, Fang Xinghai, director-general
A New Chinese Currency Initiative Read More »
The EUR/USD extended the downward correction that started earlier this week. The move was to a large extent inspired by end of quarter repositioning. Negative headlines on the European economy and risk-off sentiment on the equity markets were no help. And of course, instigated by Fed Chairman Bernanke’s comments. A late session rebound on the
Weekly Review Of The EUR/USD Read More »
