Commodities Futures 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.

Futures and Commodities – Silver and Gold Prices Finally Advance while Crude Oil Slips

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(Best Syndication News) Commodities were mixed in the United States and Asia Friday after a downward trend most of the week (see the energy and metals chart below). The difference between Brent crude oil and light sweet crude oil expanded slightly.

Precious Metals

Gold prices were higher Friday after six straight days of declines on the COMEX (see historical chart below). Although the golden metal has been down, it may have benefited from a short-squeeze on the year’s last session.

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.

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