Forex Currency Trading Today

Forex Trading and Futures – USD gains early vs JPY & EUR – Gold and Silver Prices Higher

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(Best Syndication News) Most commodities were lower today with a couple exceptions; oil prices declined as the U.S. dollar advanced (see forex and futures chart). In Asia crude oil, gold, silver, and other commodities were higher.

World Economic News

The Eurostat reported that their industrial new order index for the EU17 area increased by 1.8 percent in October. Year on year new orders increased only 1.6 percent. In September the index declined 7.8 percent.

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

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(Best Syndication News) The euro and Swiss franc slipped today as most commodities increased in value (see forex and futures charts below). Tensions between Iran and the western world have pushed Brent crude oil and light sweet crude oil higher.

World Economic News

Markit Economics reported that business activity in the Eurozone service sector contracted for the fourth straight month in December; however their index hit a 3-month high of 48.8 beating analyst expectations of 48.3.

Forex Trading and Futures – USD Slides vs EUR & JPY while Gold and Silver Prices Advance – Crude Oil Higher

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(Best Syndication News) The dollar declined against all major world currencies early in the day but turned around later as gold and silver prices advanced early but began to slide after the session close (see forex and futures charts below). Better than expected economic news helped fuel optimism in equities and commodities.

World Economic News

The Bundesagentur Fur Arbeit in Germany announced that unemployment declined more than forecasted in December. A recovery by the car makers and other manufacturers helped as the number of unemployed people declined by 22,000 to 2.89 million. Economists had expected a declined of just 10,000.

Forex Trading and Futures – USD Slips vs JPY & EUR while Gold Prices Fall and Silver Advances

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(Best Syndication News) Gold continued to fall today as European sovereign debt concerns eased temporarily (see the forex and futures charts below). Stock prices rallied again Thursday prompting investors to look at riskier equities.

World Economic News

Italy was able to sell €9 billion six-month bills on Wednesday as demand topped €15 billion. On Thursday the country was able to raise €8.5 billion via their 10-year bond auction. The yield rate for this auction hit 6.98 percent. While high, the yield is still lower than the 7.56 percent the country was forced to pay at their previous auction.

Forex Trading and Futures – USD Climbs vs EUR and JPY as Silver and Gold Prices Crumble – Crude Oil Declines

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(Best Syndication News) Nearly all commodities were lower today as traders scrambled to the safe-havens (see forex and futures charts below). The U.S. dollar outpaced all major world currencies as concerns grew in the Middle East.

World Economic News

Euro zone banks received €489 billion in longer-term money Friday. This was the first of two opportunities for lenders to received low-interest 3-year obligations. The goal of the European Central Bank (ECB) is to increase liquidity among banks in a tight credit market.

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