Forex Currency Trading Today

Gold and Crude Oil Prices Higher as Sliver Slips – USD gains vs JPY but lower vs EUR

GBP/USD Chart Graph

(Best Syndication News) Gold and crude oil prices benefited from the upward swing in stock prices around the world Thursday (see the forex and futures charts below). The Japanese yen slipped as European leaders made some headway concerning the Greek sovereign debt crisis.

There is hope that Greek lawmakers will work out a deal with their private bond holders on Monday. Greece has presented details on how they will get the €300 billion cuts to satisfy the troika, but there is no word yet whether the ECB will cut their bonds (not make a profit on them) to help the Hellenic Republic out.

Silver and Gold Prices Advance while USD gains against the EUR but Slips vs the JPY

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(Best Syndication News) Gold, silver, and crude oil prices advanced on Wednesday, while the U.S. dollar and Japanese yen gained vs the euro (see the forex and commodity charts below). Energy prices continued to gain in value, even as equity prices fell.

Economic News

The Federal Reserve released the January 24-25 Federal Open Market Committee Meeting (FOMC) minutes Wednesday. The Fed is considering a third round of bond purchases to boost the recovery.

Forex Trading and Currency Exchange Rates – USD Gained vs JPY but Fell vs EUR

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(Best Syndication News) The euro began to advance against the U.S. dollar as Greek lawmakers passed austerity measures to secure the next round of bailouts (see the forex tables below). Stock markets in Europe are opening higher after closing higher in Asia early Monday.

World FX

The British pound sterling (GBP) declined against all major currencies, while the Australian dollar (AUD) gained (see the cross tables below). The Japanese yen (JPY) gained against all major currencies with the exception of the AUD.

Silver and Gold Prices Higher – USDJPY up EURUSD down on Good US Economic News – Crude Oil Higher

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(Best Syndication News) The U.S. dollar and commodities both moved upward Thursday while lingering European debt issues continued to pester the euro (see the forex and futures charts below). The Japanese yen and the Australian dollar declined broadly.

Economic News

The U.S. Department of Labor reported better than expected jobs numbers on Thursday. Last week, initial jobless claims fell to just 358,000, down from 373,000 the week before. Economists had expected about 370,000 claims.

Silver and Gold Prices Fall while Crude Oil Gains – USD down vs EUR but higher vs JPY

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(Best Syndication News) Gold and silver prices dropped as Brent crude oil and WTI added value in the United States (see the futures and forex tables below). The dollar gained ground against most currencies but did slip against the euro.

Greek debt concerns nearly kept U.S. stock indexes in the red Wednesday, but word came from Europe that EU Ministers and the International Monetary Fund (IMF) will meet Thursday to review a troika report. The troika is a body of officials from the IMF, the European Central Bank (ECB), and the European Commission.

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