Forex Trading and Currency Exchange Rates - Crude Oil and Gold Prices Slide – Silver Higher

usd/jpy chart

(Best Syndication News) Gold prices turned around after the session close while the dollar gained versus the euro but slipped versus the yen (see the forex and futures charts below). Stock markets around the world are opening higher as confidence builds on good economic indicators.

The German Parliament passed the Greek bailout agreement providing even more optimism in the equity markets. Germany is the largest industrialized nation and most affluent country in the eurozone. Their decision played a big role in the rally early Tuesday.

Italy raised the money they wanted at their bond auction Tuesday, just over EUR6.25 billion. The 2-year bond yield was 0.12 percent, 5-year bonds yielded 4.047 percent, and the 10-year bond yield was 5.371 percent. The 10-year German bund hit 1.922 percent.

Later Tuesday the Conference Board will release their consumer confidence index numbers. On Wednesday the Federal Reserve will release their Beige Book.

Precious Metals

April gold prices fell just slightly on Monday, but since the settle COMEX gold has gained $5.30 to $1780.20 a troy ounce (see the survey #2 chart below).

Silver for May delivery added 30 cents to $35.91 an ounce. The ratio between gold and silver was 50.0.

Platinum and palladium futures declined on Monday; however both metals are higher since the session close. Copper gained.

A similar trend occurred on the Tokyo Commodity Exchange (TOCOM). Gold fell 8 yen (-0.17%) to ¥4,610 per gram. See the TOCOM chart below for our exclusive dollar conversions.

Energy Prices

Light sweet crude oil on the New York Mercantile Exchange (NYMEX) declined more than one percent. April crude (WTI) fell 11 cents to $108.45 since the settle.

Brent crude oil fell similarly, down to just over $124. The difference between the two benchmarks was $15.61.

Natural gas prices gained five cents, however the energy commodity is still down 28 percent over the last 100 days.

World FX

The British pound sterling (GBP) declined against all major currencies while the Japanese yen (JPY) gained (see the cross tables below).

The dollar was mixed against most world currencies (see the average dollar rate chart below). The U.S. dollar (USD) fell 0.76 percent vs the Australian dollar, 0.82 percent vs the JPY, and 0.47 percent vs the Canadian dollar (CAD). The greenback gained 0.10 percent vs the euro (EUR), 0.13 percent vs the GBP, and 0.09 percent vs the Swiss franc (CHF).

The dollar turned around vs the yen and euro later in the day (see intraday chart below). A perceived economic rebound and the approval by Germany of the Greek bailout helped the euro. The USD/JPY hit 80.74, the EUR/USD hit 1.3438, the GBP/USD hit 1.5858, the CAD/USD hit 0.9958, the USD/HKD hit 7.7545, and the AUD/USD hit 1.0768.

By: Tom Madison
Business Reporter

TOCOM Chart with our exclusive dollar conversions:

2/27/2012 Tokyo Commodities Exchange One-Day One-Day Five-Day 30-Day 100-Day
Yen * Commodity Dollars ¥ Change % Change % Change % Change % Change
4,619 Gold (standard) $1,785.16 -8 -0.17% 2.37% 14.08% 11.70%
92 Silver $32.50 1 0.77% 5.38% 27.25% 21.05%
4,464 Platinum (standard) $1,725.25 -13 -0.29% 2.74% 21.11% 19.77%
1,839 Palladium $710.74 -21 -1.13% 0.49% 16.61% 26.39%
73,730 Gasoline $3.47 -960 -1.29% 1.96% 14.33% 26.27%
60,100 Crude oil $118.74 -310 -0.51% 3.30% 17.27% 32.35%
336.9 Rubber $1.90 -3 -0.88% 1.11% 21.19% 11.00%
50.21 Ratio Gold/Silver -0.47 6 -0.93% -2.86% -10.35% -7.72%
* ¥ / gram kiloliter and kilogram PST - conversions to $ / ounce barrel or gallon

Survey #2 Settle Price Chart:

Monday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
2/27/2012 Energy and Metal Settle $ Change % Change % Change % Change % Change
2309.00 Aluminum 3-mo LME 37.00 1.63% 6.73% 5.51% 7.00%
124.17 Brent crude (not settled) -1.30 -1.04% 3.84% 12.43% 22.08%
62.28 Coal 0.20 0.32% 4.23% -1.17% -14.82%
3.89 Copper HG 0.03 0.67% 4.88% 6.93% 23.44%
108.56 Crude oil (WTI) -1.21 -1.10% 5.15% 9.99% 39.88%
2.24 Ethanol ZE CBOT 0.00 0.13% 1.08% 5.56% -10.44%
1774.90 Gold GC -1.50 -0.08% 2.84% 8.84% 7.07%
3.28 Heating Oil (HO) -0.03 -1.00% 2.95% 8.45% 19.25%
2.60 Natural gas NG HH 0.05 2.08% -3.02% -2.51% -28.03%
705.30 Palladium PA -5.45 -0.77% 2.50% 11.16% 18.79%
1714.30 Platinum PL -0.80 -0.05% 4.92% 15.30% 13.36%
3.30 RB RBOB Gasoline 0.15 4.75% 9.52% 20.79% 31.53%
35.52 Silver SI 0.19 0.53% 6.95% 20.33% 15.36%
728.00 Steel Hot-Roll Coil 0.00 0.00% 0.00% -0.68% 8.66%
52.15 UxC Uranium U3O8 0.00 0.00% 0.00% -1.60% 0.19%
2/27/2012 Averages and Ratios Change One-Day 1 Week 30-Day 100-Day
380.0 Average All -0.69 -0.18% 3.14% 9.61% 11.22%
714.3 Metals Average -1.26 -0.18% 3.60% 11.67% 11.33%
43.8 Energy Average -0.31 -0.69% 4.35% 8.39% 16.15%
50.0 Ratio Gold/Silver Prices -0.31 -0.61% -3.84% -9.55% -7.18%
-60.6 Difference Plat-Gold 0.70 -1.14% -34.13% -57.92% -58.32%
1.04 Ratio Plat/Gold 0.00 -0.04% -1.98% -5.61% -5.55%
1.1 Ratio Brent / WTI Prices 0.00 0.07% -1.25% 2.22% -12.72%
$15.61 Difference Brent - CL -0.09 -0.57% -4.47% 32.96% -35.23%

Average Dollar Rate Chart:

Monday Average Surveys 1 - 3 % Change Day % Change Wk % Ch 30-Day Ch 100-Day
2/27/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9290 Average Against Aussie -0.76% -1.04% -3.45% -9.75%
0.7441 Average Against Euro € 0.10% -1.57% -5.26% -1.00%
80.5667 Average Against Yen ¥ -0.82% 0.55% 4.96% 5.00%
0.6311 Average Against Pound £ 0.13% -0.46% -3.01% -3.35%
0.8967 Average Against Franc 0.09% -1.75% -5.67% -3.09%
0.9961 Average Against Canadian -0.47% -0.12% -1.79% -4.26%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0764 Average Against Aussie 0.77% 1.05% 3.57% 10.80%
1.3439 Average Against Euro -0.10% 1.60% 5.55% 1.01%
0.0124 Average Against Yen 0.82% -0.55% -4.73% -4.76%
1.5845 Average Against Pound -0.13% 0.46% 3.10% 3.46%
1.1152 Average Against Franc -0.09% 1.79% 6.01% 3.19%
1.0039 Average Against Canadian 0.47% 0.12% 1.83% 4.45%

Intraday Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 2/27/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day
-0.24% USD/JPY 80.48 80.19 80.74 0.32%
-0.04% EUR/USD 1.3397 1.3412 1.3438 0.31%
-0.27% GBP/USD 1.582 1.5837 1.5858 0.24%
-0.58% CAD/USD 0.9987 0.9977 0.9958 -0.29%
-0.01% USD/HKD 7.7551 7.7556 7.7545 -0.01%
0.97% AUD/USD 1.0759 1.0765 1.0768 0.08%
0.00% USD/CNY 6.3012 6.2981 6.299 -0.03%

Cross Tables:

Survey 1 February 27 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.129 1.0765 1.004 1.1151 1.5845 0.0124 1.3438 -
EUR € 0.096 0.8011 0.7472 0.8298 1.1791 0.0092 - 0.7442
JPY ¥ 10.3834 86.6766 80.8434 89.7839 127.583 - 108.2 80.52
GBP £ 0.0814 0.6794 0.6337 0.7037 - 0.0078 0.8481 0.6311
CHF franc 0.1156 0.9654 0.9004 - 1.421 0.0111 1.2051 0.8968
CAD 0.1284 1.0722 - 1.1106 1.5782 0.0124 1.3384 0.996
AUD 0.1198 - 0.9327 1.0358 1.4719 0.0115 1.2483 0.929
HKD 8.3476 7.7858 8.6469 12.2872 0.0963 10.4205 7.7547

One-Day Change:

Pos Means Top Currency Gained One Day Change February 27 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.078% 0.786% 0.480% -0.090% -0.120% 0.813% -0.089%
EUR € 0.104% 0.882% 0.579% 0.000% -0.034% 0.000% 0.094%
JPY ¥ -0.815% -0.041% -0.338% -0.910% -0.940% -0.911% -0.819%
GBP £ 0.123% 0.906% 0.619% 0.028% 0.000% 0.035% 0.111%
CHF 0.087% 0.878% 0.570% -0.028% 0.909% 0.000% 0.089%
CAD -0.542% 0.299% -0.573% -0.598% 0.813% -0.572% -0.480%
AUD $ -0.746% -0.299% -0.871% -0.902% 0.000% -0.874% -0.780%
HKD 0.780% 0.480% -0.096% -0.127% 0.838% -0.098% -0.004%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change February 27 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.23% 3.57% 1.83% 6.01% 3.10% -4.62% 5.55%
EUR -5.04% -1.87% -3.52% 0.42% -2.32% -9.80% -5.26%
JPY 5.19% 8.75% 6.93% 11.32% 8.27% 10.84% 5.01%
GBP -2.86% 0.46% -1.23% 2.80% -8.24% 2.38% -3.01%
CHF -5.56% -2.30% -3.95% -2.74% -10.48% -0.43% -5.66%
CAD -1.68% 1.72% 4.11% 1.26% -6.06% 3.66% -1.79%
AUD -3.31% -1.68% 2.35% -0.45% -8.00% 1.92% -3.44%
HKD 3.39% 1.65% 5.83% 2.93% -4.94% 5.37% -0.16%

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