Forex Currency Trading Today

Forex Trading and Futures – Silver and Gold Prices Drop as USD Slides vs EUR and JPY – Crude Oil Higher

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(Best Syndication News) Gold and silver prices declined again Tuesday as the U.S. dollar fell against all major currencies (see forex and futures charts below). Middle East uncertainty pushed crude oil prices higher.

World Economic News

Stock markets in Asia are opening mostly lower on Wednesday after a lackluster but mostly positive day in the United States Tuesday. Consumer confidence was higher in the United States this month, according to the Conference Board. After a decline during the summer, confidence is near spring 2011 levels again.

Forex and Futures – Gold Prices Slip as Silver Advances – USD Gains vs EUR but Falls vs JPY

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(Best Syndication News) The same driving force behind higher equity prices also pushed up commodities Friday (see forex and futures charts below). The dollar gained against most world currencies, including the euro Sunday/Monday; however the greenback slipped vs the Japanese yen.

World Economic News

The U.S. Bureau of Economic Analysis (BEA) said personal income in the United States increased $8.5 billion (+0.1%) in November. Disposable personal income (DPI) decreased $5 billion (-0.1%) and personal consumption expenditures (PCE) increased $13.1 billion (+0.1%).

Forex Trading and Futures – USD Higher vs JPY and EUR as Gold and Silver Prices Slip Again

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(Best Syndication News) As investor concerns in Europe and Asia begin to rise again, the dollar begans to gain traction while most commodity prices added value (see forex and futures charts below). Crude oil prices advanced after inventory numbers came in lower than expected.

World Economic News

The Mortgage Bankers Association (MBA) reported that mortgage applications decreased 2.6 percent last week compared to the previous week on a seasonally adjusted basis.

Forex Trading and Futures – Dollar Drops vs Euro & Yen as Crude Oil Silver and Gold Prices Advance

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(Best Syndication News) The dollar began to decline today as investors bought gold, silver, crude oil and equities (see forex and futures charts below). A worldwide change in investor confidence benefited the euro and other risky investments.

World Economic News

The Reserve Bank of Australia released the minutes to their December 6th monetary policy meeting Tuesday. After an extensive discussion on the European sovereign debt crisis, the Board decided to lower their cash rate by 0.25 percentage points to 4.25 percent.

Forex and Futures – Silver and Gold Prices Fall as Dollar Slides vs Euro and Gains vs Yen

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(Best Syndication News) The dollar began to slide versus most currencies while crude oil prices advanced Monday / Tuesday (see forex and futures charts below). Investor confidence is returning in Asia and Europe as positive equity prices begin to put downward pressure on the U.S. currency while pushing gold and silver prices higher.

World Economic News

On Tuesday the Federal Statistical Office of Germany (the Statistisches Bundesamt Deutschland) reported that producer prices rose 5.2 percent in November compared to the previous year. Compare to the previous month, the index increased 0.1 percent. This is in-line with analyst expectations.

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