Gold continued to decline in the early part of Wednesday’s Asian session
even as the U.S. dollar traded lower against most of its major rivals. On
the Comex division of the New York Mercantile Exchange, gold futures
for July delivery fell 0.18% to USD1,375.15 per troy ounce in Asian
trading Wednesday after settling down 0.50% at USD1,377.15 a troy ounce
in U.S. trading on Tuesday. Gold futures were likely to test
support USD1,323.00 a troy ounce, the low from April 16, and resistance
at USD1,444.15, last Tuesday's high. Although the Federal...
Beli Pulsa Listrik Disini
The dollar fell against most of its peers in U.S. trading
The dollar fell against most of its peers in U.S. trading on Monday after Japan's Economy Minister warned further depreciation of the Japanese currency could hurt the economy.Fading hopes that Federal Reserve Chairman Ben Bernanke will hint at when easing tools will scale back also weakened the greenback.Stimulus measures, such as the Fed's monthly USD85 billion bond-buying program, weaken the greenback by flooding the economy full of liquidity to keep interest rates low and encourage investing and hiring.In U.S. trading on Monday, EUR/USD was...
European Stocks Decline From 2008 High; Commerzbank Sinks
European stocks declined from the
highest level in almost five years as bank and airline shares
retreated, overshadowing better-than-forecast retail sales data
in the U.S.
Commerzbank AG sank 5.2 percent after Handelsblatt reported
the lender will sell new shares this week. Standard Chartered
Plc dropped to a four-month low as Carson Block, the short
seller who runs Muddy Waters LLC, said he’s betting against the
bank’s debt. Air France-KLM Group fell 4.6 percent. Lonmin Plc
rallied 2.9 percent after the platinum producer returned to
profit...
Dollar Tone Improves
It took the break of the JPY100 level to trigger a broad based US
dollar rally on Friday. This rally lifted the dollar's technical tone
and suggests additional gains are likely. However, the out-sized gains
ahead of the weekend warn of the risk of a consolidative phase first.
After
trying for nearly a month, the market finally pushed the dollar through
the JPY100 level and the up move accelerated to almost JPY102 within 24
hours. The triangle...
U.S stocks erases losses, gain on talk of Fed easing; Dow gains 0.14%
U.S. stocks erased earlier losses and ended Tuesday higher on hopes the
Federal Reserve will announce on Wednesday it will make no changes to
extraordinarily loose monetary policies, which push up stock prices as a
side effect.
At the close of U.S. trading, the Dow Jones
Industrial Average finished up 0.14%, the S&P 500 index rose 0.25%,
while the Nasdaq Composite index rose 0.66%.The Fed will
conclude a two-day monetary policy meeting on Wednesday and hopes the
U.S. central bank will keep interest rates near zero and make no changes
...
