Forex Currency Trading Today

Futures and Forex – Dollar Mixed vs Yen and Euro while Gold Up and Silver Prices Fall – Crude Oil Higher

alt text

(Best Syndication News) Gold and silver prices were mixed today as the dollar gained versus the yen but slipped versus the euro (see the forex and commodities tables below). Optimism helped boost equity and crude oil prices Tuesday.

World Economic News

European finance ministers are meeting this week in Brussels. The ministers are expected to approve new leveraging of the European Financial Stability Facility (EFSF).

Ministers are also considering a plan to allow the European Central Bank (ECB) to provide money to the International Monetary Fund (IMF) for distribution to ailing countries. Vincent Truglia, a self-described expert in sovereign credit risk and former managing director at Moody’s, said this may be necessary because of the ECB mandate.

Futures and Forex – Gold and Silver Prices Higher while Dollar Slides vs Euro & Yen – Crude Oil Advances

alt text

(Best Syndication News) Most commodities were higher Monday as investor optimism improved pushing the dollar lower (see forex and futures charts below). In Asia, gold, silver, crude oil, and gasoline prices were higher.

Economic News

Home prices in the UK continued to increase in November. The Nationwide survey found that house prices were 0.4 percent higher compared to the previous month and 1.6 percent higher year-on-year (YOY). This was better than what analysts expected.

Forex Trading and Currency Exchange Rates – Dollar Rises vs Yen and Euro

alt text

(Best Syndication News) The dollar gained against most major currencies over the holiday weekend as traders continued to look for a safe-haven (see forex tables below). The Aussie and Canadian dollars gained while the Swiss franc was the big loser.

Since the latest round of European debt worries began several months ago, the euro has been steadily losing value. Reports from Europe suggest that Germany and France are exploring new ways to integrate the monetary policy of the various nations. Unification would require a change to the EU treaties.

Futures and Forex – The Dollar Climbs vs Euro & Yen as Gold and Silver Prices Advance

alt text

(Best Syndication News) Commodities, including silver, gold, and crude oil, were higher early as the dollar advanced broadly against all other major currencies today (see forex and futures charts below). All three commodities were lower later in the day.

Economic News

The Federal Reserve released the minutes to their November FOMC meeting Tuesday. “No decision was made at this meeting to change the Committee's policy strategy or communications,” the central bank said in their statement. “It was noted that many central banks around the world pursue an explicit inflation objective, maintain flexibility to stabilize economic activity.”

Futures and Forex – Dollar Mixed vs Yen Euro while Gold and Silver Prices Slip – Crude Oil Lower

alt text

(Best Syndication News) The euro and Swiss franc gained broadly Monday as commodity currencies like the Aussie and Canadian dollars declined (see forex and commodity charts below). Crude oil, silver, and gold prices ended the day lower; however since their settle all three futures were higher.

Economic News

European Commission President José Manuel Barroso believes Eurobonds could be a solution to the European sovereign debt crisis. Germany has been opposed to the common bonds because it would expose German taxpayers to credit problems in weaker countries.

Syndicate content


Post to Facebook

Important: The material on Best Syndication is for informational purposes only and is not meant to be advice. Authors may have or will receive monetary compensation from the company's product/s mentioned. You should always seek professional advice before making any legal, financial or medical decisions and this website cannot substitute or replace any trained professional consultation.
Use of this site means that you agree to our TERMS OF SERVICE

Advertise On This Site
Copyright © 2006-2015 By Best Syndication All Rights Reserved