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Currencies

EUR/USD The dollar fell 0.1 percent to $1.2957 per euro at 6:23 a.m. in London, following yesterday’s 0.1 percent drop. It fetched 82.33 yen after sliding 0.2 percent yesterday to 82.36. The euro bought 106.68 yen from 106.58 yesterday when it touched 105.98, the weakest level since Nov. 28.The dollar remained lower against the yen and euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today.
CAD/USD The Canadian dollar, called the loonie for the image of the aquatic bird on the C$1 coin, rose 0.2 percent to 98.63 Canadian cents per U.S. dollar at 5 p.m. in Toronto, after earlier touching 98.62 cents, strongest since Oct. 19. One Canadian dollar buys $1.0139.The Canadian dollar reached a seven- week high versus its U.S. peer as the government approved Cnooc Ltd. (883)’s $15.1 billion takeover bid for Nexen Inc. (NXY)
GBP/EUR The pound gained 0.2 percent to 80.44 pence per euro at 4:18 p.m. London time after appreciating to 80.33 pence, the strongest level since Nov. 21. The pound strengthened for a fourth day against the euro after Italian Prime Minister Mario Monti said he intends to resign, boosting demand for the relative safety of British assets.

Commodities

OIL Crude for January delivery was at $85.59 a barrel in electronic trading on the New York Mercantile Exchange, up 3 cents, at 1:16 p.m. Singapore time. The contract slid 37 cents to $85.56 yesterday, the lowest close since Nov. 15. Prices have fallen 13 percent this year, poising crude for its first annual decrease in since 2008.
Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $107.31 a barrel, down 2 cents. The European benchmark crude was at a premium of $21.70 to New York-traded West Texas Intermediate grade. The spread was $21.77 yesterday, the widest in a week.
GOLD Spot gold fell as much as 0.4 percent to $1,706.95 an ounce before trading at $1,709.25 at 2:58 p.m. in Singapore. Bullion rallied to $1,717.36 yesterday, the most expensive since Dec. 3, as the dollar weakened.

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Currencies

EUR/USD The dollar remained lower versus the euro after a two-day decline, with the Federal Reserve expected to announce today an expansion of asset purchases that tend to weaken the U.S. currency.The dollar was little changed at $1.3006 per euro as of 6:55 a.m. in London after falling 0.6 percent over the previous two days.
USD/JPY It gained as much as 0.3 percent to 82.74 yen before trading at 82.73 from 82.52 in New York. Europe’s shared currency added 0.3 percent to 107.60 yen after rising 0.7 percent yesterday, the biggest one-day gain since Nov. 21.
AUD/USD Australia’s dollar rose to a more than two-month high on prospects that further monetary easing by the U.S. central bank will debase the greenback.Australia’s dollar touched $1.0541, the highest since Sept. 17, before trading at $1.0524 as of 2:56 p.m. in Sydney, little changed from yesterday’s close. The Aussie rose 0.2 percent to 87 yen after reaching 87.04, the strongest since March 28.
NZD/USD New Zealand’s dollar, known as the kiwi, was little changed at 83.90 U.S. cents. It touched 83.98 U.S. cents, matching yesterday’s high, the strongest since March 2. New Zealand’s currency added 0.1 percent to 69.36 yen, after reaching 69.38, the strongest since October 2009.

Commodities

OIL Crude for January delivery was at $85.90 a barrel, up 11 cents, in electronic trading on the New York Mercantile Exchange at 3:12 p.m. Singapore time. The contract gained 23 cents to $85.79 yesterday, the highest close since Dec. 7. Prices are down 13 percent this year.
Brent for January settlement rose 35 cents to $108.36 a barrel on the London-based ICE Futures Europe exchange and was at a premium of $22.46 to West Texas Intermediate. The European benchmark contract is heading for its highest-ever average annual price, at $111.77 a barrel so far this year.

 

Currencies

USD/JPY The yen touched 83.67 per dollar, the weakest since March 21, before trading 0.4 percent lower at 83.59 as of 6:51 a.m. in London.The yen fell to the weakest level in almost nine months against the dollar before the Bank of Japan (8301)’s Tankan survey tomorrow, which economists say will show big manufacturers in the nation grew more pessimistic.
EUR/USD The shared currency closed above $1.3002 yesterday, signaling an upward trend that may see it test $1.3150, the 38 percent Fibonacci retracement level of a broad bearish move in the euro from May 2011 to July, Richard Adcock, head of fixed- income technical strategy at UBS AG in London, wrote today in a note to clients. The euro could rise to $1.3490, its highest level since Dec. 2, 2011, if it closes the week above $1.30
AUD/USD Australia’s currency appreciated 0.3 percent to $1.0555 yesterday in New York, after rising to $1.0586, its highest level since Sept. 14.The Australian dollars rose against their U.S. peer after the Federal Reserve added to its monetary-stimulus program, renewing concern the measures will debase the U.S. currency.
NZD/USD New Zealand’s dollar has strengthened 6.3 percent this year, the biggest increase among the 10 developed-nation currencies monitored by the Bloomberg Correlation-Weighted Indexes. The Aussie has gained 0.7 percent, and the U.S. dollar has fallen 2.9 percent.

Commodities

OIL Crude for January delivery fell as much as 39 cents to $86.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.56 at 2:44 p.m. Singapore time. The contract advanced 98 cents to $86.77 yesterday, the highest close since Dec. 5. Prices are down 12 percent this year, set for the first annual decline since 2008.
Brent oil for January settlement on the London-based ICE Futures Europe exchange declined as much as 64 cents, or 0.6 percent, to $108.86 a barrel. It climbed 1.4 percent yesterday, the most since Nov. 19. The European benchmark crude was at a premium of $22.64 to New York-traded West Texas Intermediate.

 

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Currencies
USD/JPY The yen touched 83.96 per dollar, the lowest level since March 21, before trading at 83.78 at 6:46 a.m. in London, down 0.2 percent from yesterday.The yen fell to the weakest since March against the dollar as Japanese business confidence slid to an almost three-year low, adding to the case for more central bank easing ahead of a general election this weekend.
AUD/USD The Aussie added 0.1 percent to $1.0544 as of 4:32 p.m. in Sydney from yesterday, after earlier sliding as much as 0.2 percent. It’s set for a 0.5 percent weekly gain, having touched $1.0586 on Dec. 12, the strongest since Sept. The Australian and New Zealand dollars rose, erasing earlier losses, after a private report showed Chinese manufacturing may expand at a faster pace, boosting trade prospects.
GBP/USD Sterling depreciated 0.2 percent to 81.08 pence per euro at 5 p.m. London time after reaching 81.17, the weakest since Dec. 6. The pound weakened versus the euro and dollar as data showed a majority of U.K. manufacturers are still seeing a decline in orders even as they report improving business conditions.
Commodities
OIL Crude for January delivery rose as much as 77 cents to $86.66 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.60 at 3:05 p.m. Singapore time. The contract fell 88 cents to $85.89 yesterday, and prices are up 0.8 percent this week.
Brent oil for January settlement on the London-based ICE Futures Europe exchange, which expires today, advanced 61 cents, or 0.6 percent, to $108.54 a barrel. The more actively traded February contract was up 48 cents at $106.94. The European benchmark grade was at a premium of $21.94 to WTI.

 

Currencies USD/JPY The yen strengthened 0.6 percent to 111.02 per euro at 6:33 a.m. in London from the close yesterday, when it touched 112.50, the weakest level since August 2011. The yen climbed against all of its major peers as the Bank of Japan maintained its 1 percent inflation goal after incoming Prime Minister Shinzo Abe called for a doubling of the target.
AUD/USD Australia’s currency was little changed at $1.0477 as of 4:25 p.m. in Sydney after falling 0.8 percent in the previous three days. Australia’s dollar maintained a three-day loss and the nation’s bonds rose amid concern U.S. lawmakers are deadlocked on a deal to avert the so-called fiscal cliff, reducing demand for riskier assets.
NZD/USD The local dollar bought 83.34 U.S. cents at 11:28 a.m. in Wellington and is up about 1.6 percent this month. The Treasury forecasts it will average 82 cents throughout 2013 before declining to 79 cents by late 2014 New Zealand Finance Minister Bill English said the nation’s growth outlook is attracting foreign bond investors, helping propel the year’s strongest-performing Group of 10 currency and leaving the government powerless to steer it to lower levels

Commodities OIL Crude for February delivery slid as much as 56 cents to $89.42 a barrel and was at $89.54 in electronic trading on the New York Mercantile Exchange at 3:07 p.m. Singapore time. The January contract, which expired yesterday, rose $1.58 to $89.51, the highest settlement since Oct. 19. The volume traded for all futures today was about 5 percent below the 100-day average.
Brent for February settlement slipped 46 cents to $109.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $20.37 to WTI, compared with $20.38 yesterday.
GOLD Spot gold was little changed at $1,667.95 an ounce at 2 p.m. in Singapore after dropping 0.2 percent yesterday and falling to $1,661.10 on Dec. 18, the lowest since Aug. 31, on signs of progress in the U.S. negotiations. Gold for February delivery was at $1,668.40 an ounce from $1,667.70 on the Comex.

 

Currencies
USD/JPY The yen strengthened against all its major counterparts, rising 0.4 percent to 84.03 per dollar as of 6:46 a.m. in London. The yen and the dollar gained amid demand for refuge assets after U.S. lawmakers delayed a budget vote, spurring concern the so-called fiscal cliff will drive the world’s biggest economy into recession.
AUD/USD The Australian dollar fell 0.3 percent to $1.0453 as of 4:57 p.m. in Sydney from yesterday, after earlier touching $1.0438, the lowest since Dec. 4. The currency is headed for a 1.1 percent weekly loss, the biggest since the five days ended Oct. 5 Australia’s dollar touched the lowest level in more than two weeks after U.S. lawmakers scrapped a budget vote, rekindling concern the so-called fiscal cliff will drag down the world’s biggest economy.
NZD/USD The New Zealand dollar reached 83 U.S. cents, the weakest since Dec. 10, before trading at 83.04, 0.4 percent below yesterday’s close. It’s set for a 1.9 percent drop this week. The so-called kiwi lost 0.9 percent to 69.78 yen, poised for a 1.3 percent five-day decline. The currency reached 71.51 on Dec. 17, the highest since Oct. 2008.
Commodities
OIL Crude for February delivery fell as much as $1.20 to $88.93 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.33 at 2:48 p.m. Singapore time. The contract climbed 15 cents to $90.13 yesterday, the highest close since Oct. 18. Prices are up 3 percent this week, the most since August. The volume for all WTI futures today was 81 percent higher than the 100-day average.
Brent oil for February settlement on the London-based ICE Futures Europe exchange slid as much as 81 cents, or 0.7 percent, to $109.39 a barrel. The European benchmark crude was at a $20.51 premium to New York-traded West Texas Intermediate, from $20.07 yesterday. The volume traded for all Brent futures today was about 20 percent higher than the 100-day average.
GOLD Spot gold fell as much as 0.7 percent to $1,635.80 an ounce and was at $1,641.70 by 11:35 a.m. in Singapore. It declined to $1,635.70 yesterday, the lowest price since Aug. 22, after data showed the U.S. economy grew at a 3.1 percent annual rate last quarter, exceeding all projections in a Bloomberg survey. Bullion is 3.2 percent lower this week, the most since the period to June 22, set for a fourth weekly drop.

 

Market Outlook 28 Dec
CURRENCIES EUR/USD The euro has been on the rise while the dollar has been dropping against it, as the efforts to avert the fiscal cliff continue. The dollar fell to its lowest in 8 months trading at 1.3236 per euro at 5:05 pm New York time, and it has weakened as much as 0.5 percent. The euro’s 14-index of relative strength reached 70.6 to the dollar.
USD/JPY The yen has been on a fall, reaching its lowest in 28 months against the dollar. The yen dropped 0.6 percent touching 86.10 per dollar, its weakest since August 16, 2010.As of 2:17pm Tokyo time, the yen traded at 86.64 per dollar, after trading at 86.45 which is 0.4 percent lower than yesterday. The yen has lost 2.6 percent against the dollar since December 21 of this year, and its 14-day relative strength index has dropped to 17 against the dollar.
EUR/JPY According to Bloomberg’s correlation-weighted indexes the euro has gained 3 percent in the past three months, making it the second highest of the 10 development market currencies.The yen however has dropped 0.7 percent to 113.99 per euro, and its 14 day relative strength index dropped to 19.8 against the euro.The constant fall of the currency has spurred speculations that the central bank of the country will need to try and set up a cash infusion to control the situation.The Japanese currency has lost 0.4 percent to 114.49 per euro, and dropped to its lowest level since July 11 2011, while the euro has gained 0.1 percent and is now at 1.3242 dollars.
AUD/JPY The Australian currency has been gaining strength and has reached its highest against the yen since April of 2011, and has touched 89.83 yen. The decline in Japan’s consumer prices which has added to the monetary problems of the country, has helped the Australian dollar trade at 89.67 as of 4:01 pm Sydney time, which is 0.4 percent higher than yesterday. The yearly increase of the currency is predicted to be 14 percent against the Japanese currency.Market Outlook 28 Dec
CURRENCIES EUR/USD The euro has been on the rise while the dollar has been dropping against it, as the efforts to avert the fiscal cliff continue. The dollar fell to its lowest in 8 months trading at 1.3236 per euro at 5:05 pm New York time, and it has weakened as much as 0.5 percent. The euro’s 14-index of relative strength reached 70.6 to the dollar.
USD/JPY The yen has been on a fall, reaching its lowest in 28 months against the dollar. The yen dropped 0.6 percent touching 86.10 per dollar, its weakest since August 16, 2010.As of 2:17pm Tokyo time, the yen traded at 86.64 per dollar, after trading at 86.45 which is 0.4 percent lower than yesterday. The yen has lost 2.6 percent against the dollar since December 21 of this year, and its 14-day relative strength index has dropped to 17 against the dollar.
EUR/JPY According to Bloomberg’s correlation-weighted indexes the euro has gained 3 percent in the past three months, making it the second highest of the 10 development market currencies.The yen however has dropped 0.7 percent to 113.99 per euro, and its 14 day relative strength index dropped to 19.8 against the euro.The constant fall of the currency has spurred speculations that the central bank of the country will need to try and set up a cash infusion to control the situation.The Japanese currency has lost 0.4 percent to 114.49 per euro, and dropped to its lowest level since July 11 2011, while the euro has gained 0.1 percent and is now at 1.3242 dollars.
AUD/JPY The Australian currency has been gaining strength and has reached its highest against the yen since April of 2011, and has touched 89.83 yen. The decline in Japan’s consumer prices which has added to the monetary problems of the country, has helped the Australian dollar trade at 89.67 as of 4:01 pm Sydney time, which is 0.4 percent higher than yesterday. The yearly increase of the currency is predicted to be 14 percent against the Japanese currency.

 

Market outlook 2 January 2013

Currencies USD/JPY The Yen has dropped even further against the dollar, and has gone down to 87.33 per dollar, its lowest since July 29, 2010. As of 6:38 am London time it traded at 87.27. These changes took place after the legislation to avert the fiscal cliff was passed. Currency strategist in Sydney Australia& New Zealand Banking Group Ltd. Andrew Salter stated that the Yen will probably remain weak for the time being, adding “if you look out a month or two, it really depends upon what the government is able to achieve as far as the central bank is concerned”

EUR/USD The dollar lost 0.5 percent and fell to 1.3272 dollars against the euro. Its weakening has taken affect as the legislation for averting the fiscal cliff was passed by the U.S. today.

AUD/USD The U.S. dollar slightly gains while the Aussie loses, dropping 0.7 percent from its lowest level in over four weeks. As of 11:08 am Sydney time it traded at 1.0399 dollars. It is predicted that the Australian dollar will rise to 1.07 dollars throughout the next six months, and to 1.01 by the

 

Market outlook 3 January 2013
Currencies EUR/USD After a high ride of 1.33 a dollar, the euro fell 0.1 percent to 1.3186 dollars. The dollar has rose 0.3 percent reaching 1.3148 per euro. Over the past year, 2012, the euro has had an overall decline of 1.1 percent, while the dollar fell 3.3 percent.

USD/JPY Then yen continues to weaken, falling 0.7 percent to 87.34 per dollar, and has reached its lowest level since 29 July 2010 at 87.35. Today however the dollar has also weakened against other major currencies. The Yen’s 14 day relative strength index is at 17 versus the dollar.

AUD/USD After being one of the strongest currencies, since the passing of the legislation in the US to increase taxes and cut budgets on Wednesday the Australian dollar has suffered some losses and has fallen lower than the USD. The pair fell 0.18 percent to 1.0486 dollars.

GBP/USD The British pound has been gaining over the last month of last year, and has now risen to its highest level against the dollar in 16 months at 1.6381 dollars, before going down to 1.6252 dollars.

 

Market News 4 Jan 2013
Currency EUR/USD For the second day the dollar stayed higher than the euro, with a 0.1 percent gain and traded at 1.3040 per euro at 5 pm New York time, making it its strongest level in three weeks. The dollar is expected to advance 1.19 dollars per euro by the end of the year.

USD/JPY The yen fell against most other major currencies including the U.S. dollar, and that marks its longest weekly loss since 24 whole years, with a 2.1 percent loss against the U.S. dollar. It fell to 87.83 per dollar, and at 7 am London time it fell further to 87.74 per dollar. The yen’s 14 day relative strength index fell to 16.6 against the dollar.

AUD/USD China’s decline has had a big impact on the Australian dollar as the country is Australia’s biggest trade partner. The Aussie fell to 1.0441 at 4:25 pm Sydney time, losing 0.2 percent from yesterday. Expectations are that the currency will not have a noticeable improvement until china starts to improve pulling it along.

 

Market News 7 Jan 2013
Currencies EUR/USD The dollar gained 0.3 percent and rose to 1.3035 dollars per euro on the 4th of January. The dollar gained a weekley 0.7 percent increase while the euro lost 0.7 percent.

USD/JPY At 6 am London time the Yen gained 0.5 percent and rose to 87.73 per dollar. The yen's relative strength index versus the dollar fell to 15.5 on the 4th of January, its lowest since December 2001. The yen's continued shrinking has lead the country to take drastic measures, and it is expected that the extra budget which will be used to boost the economy will take around 5-6 trillion yen out of the public's work spending money.

AUD/USD The Australian dollar has gained against most of its counterparts. The yield of Australia's benchmark three-year government note went to 2.87 percent, its highest since the 17th of August 2012, and was 2 points lower than the 4th of January at 2.83 percent. The Australian dollar is expected to fall below 1 dollar this year, and weaken to 99 US cents by the end of the year.

 

Market News 8 Jan 2013
Currencies EUR/USD The euro stayed strong versus the dollar, increasing 0.5 percent over the two past days, and it traded at 1.3119 dollars, at 12:26 pm London time, however it then suffered 0.2 percent loss and fell to 1.3042 dollars.

USD/JPY The yen has made a turn, and gained 0.5 percent reaching 87.36 per dollar, at 6:30 am London time. This is its strongest two day gain since the 8[sup]th[/sup] of November, a positive change since four days ago it had hit its weakest price since July 2010. The Yen’s 14 day relative strength index against the dollar was at 27 today. The dollar fell 0.3 percent versus the yen and reached 87.55 per yen at 1:35 pm Tokyo time, Still the dollar displays signs of strength and is expected to advance to 94 yen; its strongest price in over two years.

AUD/USD The Australian dollar has slid after a three day gain. It fell 0.2 percent reaching 1.0478 dollars at 4:46 pm Sydney time. Speculations expect a 60 percent chance of the Reserve Bank of Australia lowering the benchmark interest rate from 3 percent this quarter.

 

Market News 11 Jan 2013
Currencies EUR/USD The euro reached its highest gain in five months against the dollar, even though yesterday’s European Central Bank’s meeting decided against changing interest level rates. The US dollar also did well being higher than a lot of the other major currencies, despite its drop. The pair was up by 1.42 percent yesterday at 1.3252.

USD/JPY The yen continues to drop, reaching its lowest level since the 29[sup]th[/sup] of June 2010, at 89.35 per dollar, it dropped 0.3 percent from yesterday trading at 89.08 at 2:58 pm Tokyo time. This marks the yen’s longest loss period in over 20 years.

AUD/USD Once again China’s economical status has affected the Australian dollar which has fallen against most of the other major currencies, leaving behind its highest level in four months. It traded at 1.0590 dollars at 10:31 am Sydney time yesterday. It has climbed 0.8 percent over the past 24 hours, and reached its highest level since the 14[sup]th[/sup] of September at 1.0599 dollars.

GBP/USD The British currency fell 0.28 percent against the dollar at 1.6015 dollars. The pair fell 0.13 percent to 1.6148 after the central British bank decided against making any changes in their benchmark rate. This happened after the pair had showed signs of improvement over the past two days.


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Market News 14 JAN 2013

Currencies EUR/USD The dollar has sunk to more than a 10 month low against the Euro, losing 0.3 percent and reaching its lowest since the 29[sup]th[/sup] of February 2012 at 1.3404 dollars.

USD/JPY The yen reached its lowest level against the dollar since the 25[sup]th[/sup] of June 2010 at 89.67 per dollar, the yen suffered a 5 percent fall from last week, and traded at 89.60 at 5:58 am London time.

AUD/USD The Australian dollar gained against most other currencies including the dollar, it reached 1.0557 dollars at 4:45 pm Sydney time a 0.2 percent increase.

GBP/USD The British pound fell against the US dollar, as it has struggled against most of its counterparts. The pair lost 0.06 percent and traded at 1.6122

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Market News 16 JAN 2013
Currencies EUR/USD The euro has had an alarming 8.4 percent gain against the euro over the past 6 months. It traded at 1.3306 dollars at 5 pm New York time, a 0.6 percent decrease, that is after it touched its highest in almost a year on the 14[sup]th[/sup] of January with 1.3404 dollars.
USD/JPY The yen has had a two day gain, and in fact its highest in eight months. After its 0.8 percent gain yesterday it gained an extra 0.7 percent today and reached 88.19 per dollar, at 6:55 am London time.
AUD/USD The Australian dollar fell against the U.S. dollar and traded at 83.93 U.S. cents, dropping from yesterday’s 83.97. Earlier this week the Australian dollar was boosted when Federal Reserve chairman Ben Bernanke said he expects the central bank to continue its bond buying program.

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Market News 17 JAN 2013
Currencies EUR/USD The dollar has gained against its counterparts since yesterday. The euro rose to 1.3297 dollars. The EUR/USD pair lost 0.09 percent and fell to 1.3293. The pair is expected to find support at 1.3037, and resistance at 1.3403.
USD/JPY The yen’s two day gain fell short when it lost 0.3 percent and dropped to 88.64 per dollar at 3:31 pm Tokyo time. The pair lost 0.08 percent in Asian trading and fell to 88.31. Expectations have the bank of Japan adjusting its inflation target to 2 percent, when the two day meeting occurs on January 21.
AUD/USD The Australian dollar fell against most other currencies, and that is mainly due to the high rates of unemployment that the country is suffering. The Aussie lost 0.6 percent and fell to 1.0513 dollars at 5:17 pm Sydney time. The AUD/USD pair also lost 0.63 percent, and fell to 1.0506.


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Market News 28 JAN 2013
Currencies EUR/USD The U.S. dollar had traded well against most of its peers at the start of this week, and it has gained against Europe’s shared currency, after last week’s loss when the Euro reached its highest level against the dollar since almost a year. The pair gained 0.03 percent trading at 1.3458.
USD/JPY The U.S. dollar gained against most major currencies, and it reached its 2 and a half year high against the Japanese yen. Yesterday at 2:13 pm Tokyo time it traded at 91.03 a yen, adding 0.1 percent from last week. The pair traded at 91.08, gaining 0.18 percent.
AUD/USD The Australian dollar fell against its American peer in trades, although expectations for the Australian currency for this year are still positive. The pair traded at 1.0428 in Asian trading, and is expected to find support at 1.0402 and resistance at 1.0552.
GBP/USD Britain’s struggling currency was low against most of its peers including the U.S. dollar, the pair lost 0.16 percent and traded at 1.5772. It is expected to find support at 1.5747 and resistance at 1.5892.
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