Forex Currency Trading Today

Gold Prices Advance while Silver Slips – USD down vs EUR and JPY – WTI and Brent Crude Oil Lower

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(Best Syndication News) The dollar fell broadly Monday while optimism in Greece turned to frustration (see forex and futures charts below). Gold prices advanced slightly while silver and crude oil futures slipped.

World Economic News

Lack of a substantive solution in Brussels Monday failed to halt advancing stock prices in Asia early Tuesday, despite a down-day in the United States. German Chancellor Angela Merkel expressed her aggravation Monday after the Summit, saying the Greek government needs to enact more austerity measures.

Gold and Silver Prices Advanced while Crude Oil Falls – USD Falls vs EUR and JPY in Forex Trading

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(Best Syndication News) Gold and silver prices were higher last week while light sweet crude oil and the dollar declined in value (see the futures and forex charts below). Low long-term interest rates are a mixed-bag for investors, as traders position themselves to take advantage of rate certainty.

World Economic News

The dollar slipped last week after the Federal Reserve announced their intention to keep their Federal funds target rate at historic low levels into late 2014. Many economists expect this policy to keep long-term Treasury rates lower, while boosting stock and commodity prices.

Silver and Gold Prices higher while USD gains broadly vs the JPY and EUR – Crude Oil Settles Up

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(Best Syndication News) Precious metals and energy commodities were higher Thursday, mostly because of guaranteed long-term low-interest rates (see the futures and forex charts below). Equities declined in the United States on frustrating new home sales and initial jobless claims. Platinum prices jumped.

World Economic News

The Federal Reserve’s decision to hold their federal funds target rate at historic low levels into 2014 has had an immediate effect on commodities, equities, and interest rates.

Gold and Silver Prices Advance while USD Declines vs JPY and EUR – Crude Oil Futures Higher

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(Best Syndication News) Silver, gold, and crude oil futures advanced while the dollar declined broadly after the news conference held by the Federal Reserve (see forex and futures charts below). The prospect of continued low interest rates triggered a rally on Wall Street and an advance in commodity-currencies.

World Economic News

By far, the biggest economic news of the day was the Federal Open Market Committee (FOMC) statement. Federal Reserve Chairman of the Board Ben Bernanke told reporters that the central bank will keep their federal funds target rate at historic low levels through most of 2014.

Gold Prices Slide as EUR Gains vs JPY and USD – Silver and Crude Oil Declines

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(Best Syndication News) Gold prices advanced in Asia after declining in the United States (see the forex and commodity charts below). Gasoline prices up again while crude oil, gold and silver prices all fall.

World Economic News

The Statistics Canada reported that retail sales increased 0.3 percent in November compared to October. This was in line with analyst expectations of 0.3 percent.

Japan will register their first trade deficit since 1980 because of the earthquake last March. The Ministry of Finance said that there was a trade deficit in December, November and October.

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