Forex Currency Trading Today

Gold and Silver Prices Higher as USD Declines vs EUR and JPY

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(Best Syndication News) Commodities were generally higher Monday as traders moved away from safe-havens including government Treasuries (see forex and futures tables below). Crude oil, heating oil, natural gas and other energy products all advanced.

World Economic News

Although the Bank of Japan held their interest rates steady Tuesday, they did cut their forecast for growth. Their target interest rate remains at 0.10 percent, however, they now expect their GDP to increase two percent in 2012, down from a 2.2 percent estimate back in October.

Forex Trading and Currency Exchange Rates – USD Up vs EUR and JPY Late

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(Best Syndication News) The dollar gained early vs the euro but slipped vs the yen as the Australian dollar advanced broadly (see the forex charts below). Mixed equity results from Asia puts downward pressure on yen.

World Economic News

The Australian Bureau of Statistics (ABS) reported that the producer price index (PPI) jumped 0.3 percent in the fourth quarter of 2011. Analysts had expected an increase of 0.5 percent.

Forex Trading and Currency Exchange Rates – USD mixed vs EUR and JPY

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(Best Syndication News) The euro gained broadly while the Japanese yen declined against most world currencies (see forex tables below). Good economic news from the United States couldn’t help the dollar against the stronger euro Thursday.

World Economic News

Manufacturing in China was sluggish in January, according to the HSBC flash manufacturing purchasing manager index (PMI) report. The index was just 48.8; only a slight improvement over the December reading of 48.7.

Forex Trading and Futures – Gold Prices Higher Again – Crude Oil Slips – USD Mixed vs EUR and JPY

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(Best Syndication News) Gold and silver prices increased again Wednesday as a gloomy economic forecast is released and the euro rebounds (see forex and futures tables below). A mixed bag of economic news sent futures and forex markets in different directions.

World Economic News

The International Monetary Fund (IMF) reviewed their fund resources Tuesday and provided a statement. In order to boost their power in dealing with European sovereign debt issues, the IMF wants another $500 billion in lending capacity. Although the U.S. is resistant to the idea, the IMF is looking for EU members to contribute $200 billion.

Forex Trading and Currency Exchange Rates – USD Slides vs EUR and JPY

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(Best Syndication News) As stock markets begin to recover in Asia, the U.S. dollar began to decline against most world currencies including the euro and yen (see the forex charts below). Yesterday the dollar was riding high as traders looked for safe-havens; that all changed by the close of trading on Monday.

World Economic News

The optimism continued in Asia after GDP numbers for China came in. The gross domestic product (GDP) for the fourth quarter was up 8.9 percent. Analysts had expected only an 8.1 percent increase.

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