Commodities Futures Today

Forex and Futures – Dollar gains vs Euro Yen as Silver and Gold Prices Fall – Crude Oil Lower

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(Best Syndication News) The Hong Kong and U.S. dollars advanced against the yen and euro while most commodities, including silver and gold, slid (see futures and forex tables below). Pessimism drove traders away from risky investments and into safe-havens.

World Economic News

Inflation is slowing in the United Kingdom, according to the Office of National Statistics. In October the annual inflation rate (CPI) was 5.0; however in November inflation fell to just 4.8 percent. This was in line with analyst expectations.

Forex Trading and Currency Exchange Rates – Dollar Gains vs Euro but Slips vs Yen

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(Best Syndication News) The Australian and Canadian dollars gained broadly while the Swiss franc and pound sterling fell (see forex charts below). Traders will be watching Italian and Spanish bond prices this week to determine whether Friday’s optimism will carry through to successful auctions.

World Economic News

Stock markets are opening higher in Asia after a down day in the United States on Friday. The advance in Asian equity prices is a continuation of a positive session in the United State last week. While the Shanghai composite index (China) was down nearly one percent, the Nikkei 225 (Japan) and Hang Seng (Hong Kong) were up 1.37 percent and 0.79 percent respectively in early trading Monday.

Futures and Commodities – Silver and Gold Prices Rebound – WTI Higher while Brent Crude Sinks

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(Best Syndication News) Gold and silver prices rebounded Friday as Brent crude oil continued to slide despite an improved outlook in Europe (see the futures tables below). The spread between light sweet crude oil (WTI) and Brent crude oil tightened as WTI advanced.

Precious Metals

February gold on the COMEX advanced $3.40 (+0.20%) to $1,716.80 a troy ounce (see the survey #2 chart below). The golden metal has been down three of the last five days. For the week, gold is still 1.32 percent lower.

Forex and Futures – Dollar Gains vs Yen and Euro while Gold and Silver Prices Advance – Crude Oil Slips

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(Best Syndication News) Silver and gold prices recovered after closing lower in Thursday’s session while the dollar continued to outpace other currencies, including the yen and the euro (see forex and futures charts below). Capital markets are watching as European leaders march ahead with fiscal reforms early Friday in Brussels.

World Economic News

The United Kingdom is the odd-man out Friday as most European nations agree to a new treaty that would enforce changes to their fiscal rules. So far, stock markets in Europe are reacting positively to the new proposed pact.

Futures and Forex – Dollar Mixed vs Euro and Yen – Silver and Gold Prices Lower as Crude Oil Advances

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(Best Syndication News) The dollar gained against vs the euro but slipped vs the yen while gold and silver prices declined (see forex and futures tables below). Brent crude oil continued to fall while WTI advanced on Monday.

World Economic News

The Reserve Bank of Australia lowered their cash rate by 25 basis points to 4.25 percent Tuesday. The Aussie central bank cited moderating economic growth and the European crisis. Analysts may see the rate cut as bearish for the AUD.

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