Forex Currency Trading Today

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

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(Best Syndication News) The dollar gained against all major currencies Monday as banks in the United States close for the Martin Luther King Jr. Day (see the forex tables below).

World Economic News

The Australian Bureau of Statistics reported that home-loan approvals increased in November for the eighth-straight month. Analysts believe the Reserve Bank of Australia’s rate cut spurred new interest in housing.

Approval for for new homes and apartments loans increased 1.4 percent from October to November.

Forex Trading and Futures – USD Down vs EUR & JPY – Silver and Gold Prices Higher Crude Oil Lower

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(Best Syndication News) The U.S. and Canadian dollars fell broadly against other world currencies while gold and silver prices climbed higher on an advancing euro (see forex and futures charts below).

World Economic News

Some economists had expected the European Central Bank (ECB) to lower their interest rates. Although there are still sovereign debt concerns and some signs of a recession in Europe, the central bank will hold their main refinancing operations, marginal lending facility, and deposit facility rates at 1.00 percent, 1.75 percent, and 0.25 percent respectively.

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.

Forex Trading and Futures – USD Slips vs EUR and JPY – Gold Prices Lower while Silver Climbs

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(Best Syndication News) The dollar turned around against the Japanese yen later in the day while gold and crude oil declined (see forex and commodities charts below). Commodity currencies did well Monday while most commodities began to lose value.

World Economic News

The Australian Bureau of Statistics said that building approvals increased 8.4 percent in November. Economists had expected an increase of just six percent. Year on year, building permits were up 18.9 percent. The positive news was bullish on the Australian dollar.

Forex Trading and Futures – USD Gains vs EUR but Slips vs JPY – Silver and Gold Prices Lower

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(Best Syndication News) The U.S. dollar continued to gain against the euro throughout the day Sunday/Monday after gold and silver prices slumped on Friday (see forex and futures charts below). Crude oil prices in the United States were lower as European concerns trumped fears that Iran would shut-off the supply of Persian Gulf oil. London Brent crude was only slightly higher.

World Economic News

Although the U.S. housing sector continues to lag, the employment picture appears to be improving. The U.S. Department of Labor reported that the unemployment rate declined to 8.5 percent in December.

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