Forex Trading and Futures – USD Mixed vs EUR and JPY – Silver and Gold Prices Higher w/ Lower Crude Oil

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(Best Syndication News) The U.S. dollar gained versus the euro but declined versus the Japanese yen as crude oil prices declined in the United States (see forex and futures charts below). Gold and silver prices continued to gain.

World Economic News

The consumer price index (CPI) in China increased 4.1 percent in December compared to one-year earlier. Economists expected a only a 4.0 percent increase after increasing 4.2 percent a year ago.

The Producer Price Index (PPI) in China increased 1.7 percent compared to the previous year, the National Bureau of Statistics said Thursday. This is down from 2.7 percent a year earlier.

The consumer price index in Germany increased 2.1 percent in December (YoY). This is in line with analyst estimates and down from 2.4 percent in November.

The Federal Reserve released their Beige Book Thursday. The central bank said the economy is expanding moderately in some districts, and modestly in other districts, from November to December last year. Consumer spending was higher in some districts as holiday sales were better than the last year.

Non-financial services improved while wage pressure increased modestly. The housing sector is still lagging while unemployment is easing.

Precious Metals

February gold on the COMEX increased 48.10 (+0.50%) to $1,639.60 a troy ounce (see survey #2 settle price chart below).

Silver for March delivery gained seven cents (+0.25%) to $29.89 an ounce. The ratio between gold and silver was 54.9.

Platinum gained $32.20 (+2.34%) to $1,496.60 an ounce. The metal is $143.00 cheaper than gold. Palladium, copper and aluminum were all higher.

Precious metals on the Tokyo Commodity Exchange (TOCOM) were higher. Gold inched-up 22 yen (+0.54%) to ¥4,064 a gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

Natural gas continued to fall Thursday, down another 5.68 percent. There is a large supply and not enough demand for NG. The decline hurt energy equities on Wall Street.

Light sweet crude oil (WTI) on the New York Mercantile Exchange (NYMEX) fell $1.37 (-1.34%) to $100.87 a barrel. Crude inventories rose 4.96 million barrels last week.

Brent crude oil declined even as tensions between the West and Iran continue to escalate. Brent crude on the Intercontinental Exchange (ICE) fell 55 cents (-0.49%) to $112.73 a barrel.

Currency Exchange Rates

The euro (EUR) declined against all major currencies with the exception of the British pound sterling (GBP) Thursday (see the cross charts below). The Australian dollar (AUD) gained broadly while the Japanese yen (JPY) also performed well.

The U.S. dollar (USD) fell 0.03 percent vs the AUD and the JPY (see the average dollar chart below). The USD gained 0.26 percent vs the EUR, 0.90 percent vs the GBP, 0.20 percent vs the Swiss franc (CHF), and 0.23 percent vs the Canadian dollar (CAD).

The greenback turned around against the JPY later in the day (see the intraday chart below). The USD/JPY hit 76.9, the EUR/USD hit 1.2716, the GBP/USD hit 1.5326, the CAD/USD hit 1.0182, the USD/HKD hit 7.768, and the AUD/USD hit 1.0301.

By: Tom Madison
Business Reporter

TOCOM Chart with our exclusive dollar conversions:

1/11/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,064 Gold (standard) $1,644.42 22 0.54% 1.83% -5.22% -11.42%
73.5 Silver $29.74 0 0.27% 2.37% -7.66% -27.23%
3,695 Platinum (standard) $1,495.11 56 1.54% 4.47% -4.96% -19.78%
1,602 Palladium $648.22 22 1.39% 0.25% 9.35% -14.65%
65,010 Gasoline $3.20 -420 -0.64% 0.34% 5.01% 11.45%
52,080 Crude oil $107.72 -340 -0.65% 0.25% 3.03% 7.58%
279 Rubber $1.65 6 2.24% 6.69% 2.91% -20.83%
55.29 Ratio Gold/Silver 0 0.27% -0.53% 2.64% 21.72%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey#2 Settle Price Chart:

Wednesday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
1/11/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2154.50 Aluminum 3-mo LME 76.00 3.66% 4.18% 7.64% -10.40%
112.73 Brent crude (not settled) -0.55 -0.49% -0.63% 3.42% 5.36%
65.10 Coal -1.73 -2.59% -5.99% -5.06% -14.15%
3.55 Copper HG 0.03 0.94% 3.25% 5.52% -10.59%
100.87 Crude oil (WTI) -1.37 -1.34% -2.28% 2.71% 22.44%
2.27 Ethanol ZE CBOT 0.00 0.18% 1.75% -8.51% -18.42%
1639.60 Gold GC 8.10 0.50% 1.67% -4.16% -10.01%
3.06 Heating Oil (HO) -0.04 -1.19% -0.82% 3.19% 6.60%
2.77 Natural gas NG HH -0.17 -5.68% -10.40% -17.54% -28.73%
645.10 Palladium PA 10.45 1.65% -1.21% 11.56% -14.78%
1496.60 Platinum PL 34.20 2.34% 5.16% -2.69% -19.00%
2.76 RB RBOB Gasoline -0.01 -0.34% -0.79% 9.74% -0.72%
29.89 Silver SI 0.07 0.25% 2.73% -7.06% -26.54%
733.00 Steel Hot-Roll Coil 0.00 0.00% 0.41% 16.35% 10.23%
51.95 UxC Uranium U3O8 -0.30 -0.57% -0.57% 0.39% 4.00%
1/11/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
349.2 Average All 3.48 1.01% 1.84% 1.20% -10.52%
644.4 Metals Average 8.76 1.38% 2.47% -1.22% -14.48%
41.4 Energy Average -0.55 -1.32% -2.54% 0.86% 4.34%
54.9 Ratio Gold/Silver Prices 0.13 0.24% -1.03% 3.12% 22.50%
-143.0 Difference Plat-Gold 26.10 -15.43% -24.58% -17.25% -656.42%
1.10 Ratio Plat/Gold -0.02 -1.80% -3.33% -1.51% 11.10%
1.1 Ratio Brent / WTI Prices 0.01 0.87% 1.68% 0.69% -13.95%
$11.86 Difference Brent - CL 0.82 7.43% 15.93% 9.92% -51.81%

Average Dollar Rate Chart:

Wednesday Average Surveys 1 - 3 % Change Day % Change Wk % Ch 30-Day Ch 100-Day
1/11/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9709 Average Against Aussie -0.03% -0.85% -3.25% 0.97%
0.7862 Average Against Euro € 0.26% 0.38% 4.85% 12.95%
76.8864 Average Against Yen ¥ -0.03% -0.57% -1.40% 0.10%
0.6526 Average Against Pound £ 0.90% 1.04% 1.53% 7.55%
0.9527 Average Against Franc 0.20% -0.17% 3.29% 21.24%
1.0184 Average Against Canadian 0.23% -0.21% -1.46% 2.95%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0300 Average Against Aussie 0.03% 0.86% 3.36% -0.96%
1.2719 Average Against Euro -0.26% -0.38% -4.63% -11.46%
0.0130 Average Against Yen 0.03% 0.57% 1.42% -0.10%
1.5322 Average Against Pound -0.89% -1.03% -1.51% -7.02%
1.0496 Average Against Franc -0.20% 0.17% -3.19% -17.52%
0.9819 Average Against Canadian -0.23% 0.21% 1.49% -2.87%

Intraday Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 1/11/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day Average
-0.08% USD/JPY 76.87 76.9 76.9 0.04% 76.890
-0.49% EUR/USD 1.2696 1.2714 1.2716 0.16% 1.271
-0.95% GBP/USD 1.5317 1.5321 1.5326 0.06% 1.532
0.37% CAD/USD 1.0197 1.0188 1.0182 -0.15% 1.019
-0.03% USD/HKD 7.7659 7.7682 7.768 0.03% 7.767
-0.01% AUD/USD 1.0304 1.0295 1.0301 -0.03% 1.030
-0.06% USD/CNY 6.3149 6.3218 6.3166 0.03% 6.318

Cross Tables:

0.8252

Survey 1 January 11 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.1287 1.03 0.982 1.0496 1.5321 0.013 1.272 -
EUR € 0.1012 0.8097 0.772 1.2045 0.0102 - 0.7862
JPY ¥ 9.8972 79.1874 75.4957 80.6955 117.793 - 97.7926 76.881
GBP £ 0.084 0.6723 0.6409 0.6851 - 0.0085 0.8302 0.6527
CHF franc 0.1226 0.9813 0.9356 - 1.4597 0.0124 1.2119 0.9527
CAD 0.1311 1.0489 - 1.0689 1.5603 0.0132 1.2953 1.0184
AUD 0.125 - 0.9534 1.019 1.4875 0.0126 1.235 0.9709
HKD 8.001 7.628 8.1533 11.9016 0.101 9.8808 7.7679

One-Day Change:

Pos Means Top Currency Gained One Day Change January 11 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.000% 0.049% -0.224% -0.200% -0.886% 0.000% -0.259%
EUR € 0.297% 0.297% 0.039% 0.073% -0.627% 0.000% 0.268%
JPY ¥ -0.034% 0.005% -0.260% -0.233% -0.925% -0.302% -0.039%
GBP £ 0.840% 0.946% 0.675% 0.706% 1.190% 0.630% 0.897%
CHF 0.163% 0.235% -0.021% -0.694% 0.000% -0.066% 0.189%
CAD 0.229% 0.268% 0.028% -0.662% 0.000% -0.046% 0.226%
AUD $ 0.000% -0.262% -0.245% -0.932% 0.000% -0.299% -0.041%
HKD 0.039% -0.226% -0.200% -0.892% 0.000% -0.268% -0.005%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change January 11 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.31% 4.36% 2.03% -2.60% -1.18% 0.78% -4.38%
EUR 4.98% 9.12% 6.70% 1.86% 3.35% 5.15% 4.59%
JPY -0.66% 3.32% 1.01% -3.57% -2.16% -5.33% -1.00%
GBP 1.45% 5.61% 3.24% -1.44% 2.41% -3.24% 1.19%
CHF 2.94% 7.14% 4.76% 1.46% 3.33% -1.82% 2.66%
CAD -1.65% 2.28% -4.53% -3.14% -1.49% -6.28% -1.98%
AUD -3.85% -2.24% -6.67% -5.30% -3.08% -8.37% -4.17%
HKD 4.00% 1.68% -2.93% -1.51% 0.60% -4.70% -0.34%

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