December 16th, 2011 Important Financial Indicators of the day …
December 16th, 2011
Important Financial Indicators of the day
Forecast Previous
EUR 8:30 (GMT) ECB President Dragi Speaks
USD 13:30 (GMT) Core CPI 0.1% 0.1%
Currencies
- EUR/USD The euro eased higher against the U.S. dollar during mid U.S. trade Thursday on stronger economic numbers.
- EUR/USD hit a low of 1.2957 and a high of 1.3050 during U.S. trade, the pair was likely to find support at 1.2993 and technical resistance exists at 1.3019 where is trading higher at the moment of writing this report.
- USD/JPY the yen declined against most of their major peers as evidence the U.S. economy is gaining momentum eased demand for havens.
- USD/CAD Canada’s currency advanced from almost its lowest level in two weeks as U.S. reports on employment and manufacturing indicated Canada’s biggest trading partner’s economy is recovering.
- The loonie appreciated 0.4 percent to C$1.0351 after yesterday reaching C$1.0424, the weakest since Nov. 28.
Commodities
- Goldrebounded, trimming the worst weekly loss since September, as positive economic data from the U.S. eased demand for the dollar as a haven. Silver, platinum and palladium advanced.
- Immediate-delivery gold rose for the first day in five, gaining as much as 0.7 percent to $1,580.77 an ounce and was trading at $1,579.98 at 8:54 a.m. in Singapore.
- Oilrose from a six-week low as investors speculated that the biggest weekly decline since September is exaggerated.
- Crude for January delivery rose as much as 48 cents to $94.35 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.99 at 2:19 p.m. Singapore time.
Views: 0
Comment
Ads
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
You need to be a member of FX245 - Automated Forex Trading Systems to add comments!
Join FX245 - Automated Forex Trading Systems