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  #1  
Old 03-02-2012, 10:18
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Default ACFX Daily Market Outlook

February 3rd, 2012
Currencies EUR/USD headed for a weekly decline against all of its 16 major peers as Greece and its creditors struggle to reach an agreement on a debt swap.The euro was little changed at $1.3140 as of 2:40 p.m. in Tokyo from $1.3144 in New York yesterday, set for a 0.6 percent weekly decline.
USD/JPY traded within one yen of a postwar high versus the dollar, raising speculation the country will intervene to weaken it.The yen traded at 76.19 per dollar from 76.22. It rose to as high as 76.03 on Feb. 1, approaching the post-World War II record of 75.35 set on Oct. 31.
AUD/USD fell from near five-month highs as Asian stocks dropped, curtailing a global advance in equities and reducing demand for riskier assets.Australia’s dollar declined 0.2 percent to $1.0691 from yesterday, when it reached $1.0757, its strongest since Sept. 1.
Commodities Oil traded near a six-week low before a report forecast to show the U.S. added fewer jobs last month than in December.Crude for March delivery was at $96.56 a barrel, up 20 cents, in electronic trading on the New York Mercantile Exchange at 1:32 p.m. Singapore time. The contract fell 1.3 percent to $96.36 yesterday, the lowest since Dec. 19.
Gold advanced to the highest level in eight weeks, gaining alongside equities and other commodities, as global manufacturing improved, weakening the dollar and boosting demand for alternative investments. Gold rallied as much as 0.5 percent to $1,751.97 an ounce, the most expensive since Dec. 8, and traded at $1,746.30 at 1:20 p.m. in Singapore.
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  #2  
Old 07-02-2012, 10:18
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Default February 7th, 2012

Currencies EUR/USD declined for a 2nd day before Greek PM Lucas Papademos share out details to the other 3 parties in regards to the details of measures to be held on nation in order to control and solve the debt issue. The euro dropped 0.2% to $1.3107 as of 2:23 p.m. in Tokyo from the close in NY yesterday when it fell 0.2%. It was little changed at 100.56 yen. Japan’s currency weakened 0.2 percent to 76.73 per USD
USD/JPY The dollar was little changed against the Japanese yen as traders consider whether Tokyo will intervene in currency markets
The dollar bought 76.58 Japanese Yens, versus 76.62 JPY that was traded on late Friday.
AUD/USD gained against all of its 16 major counterparts after the Central Bank maintained the benchmark interest rate at 4.25%. Forecasts expect a cut of 4%.
The Australian dollar advanced 0.6 percent to $1.0792 and touched $1.0811,
the strongest since Aug. 2.
Commodities Oil traded near a two-day low in NY on speculation that fuel demand may drop as Europe faces a serious debt issue and crisis influence the market on both US and Europe, as stockpiles increase in the U.S., the biggest crude consumer.
Crude for March delivery was at $96.82 a barrel, down 9 cents, in electronic trading on NYMEX at 4:30 p.m. Sydney time. The contract yesterday fell 93 cents to $96.91, the lowest settlement since Feb. 2. Prices are down 2 % this year
Gold started the week under pressure as another weekend passes with no resolution of the Greek crisis, sapping risk appetite and boosting the dollar. It seems like the big sticking point might not be the PSI deal after all, but troika concerns about the pace of Greek reforms. Just so there's no question about how Greek workers feel about additional austerity, the two largest unions — which account for nearly half of the entire workforce of Greece — have a strike planned for Tuesday (today).
Spot gold edged up 0.1 per cent to $1,721.13 an ounce by 0311 GMT, after touching a 1-1/2-week low of $1,711.29 in the previous session.
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  #3  
Old 08-02-2012, 13:44
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Default February 8th, 2012

Important Financial Indicators of the Day Forecast Previous
NZD (GMT) Employment change q/q 0.4% 0.2%
NZD (GMT) Unemployment Rate 6.5% 6.6
Currencies EUR/USD The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day.
The euro at one point jumped more than 1 percent to a session high of $1.3270, hitting its highest level since December 12. After paring some gains, the euro traded near session highs, up 1 percent on the day.
USD/JPY The yen weakened versus all of its major peers as gains in Asian shares damped demand for haven currencies and data showed that Japan’s current-account surplus slid to a 15-year low in 2011.
The yen fell 0.5 percent to 77.14 per dollar as of 6:11 a.m. in Tokyo. It dropped 0.6 percent to 102.35 per euro, the weakest level since Dec. 22. Europe’s 17-nation currency gained 0.1 percent to $1.3271 after reaching $1.3276, the most since Dec. 12.
AUD/USD Aussie gained against the majority of its 16 major counterparts after the central bank maintained the benchmark interest rate at 4.25 percent. Predictions were expecting a cut of 4 percent.
The Australian dollar advanced 0.8 percent to $1.0809 after rising to $1.0823, the strongest since Aug. 2.
Commodities Oil Gains a Second Day on demand outlook as API says U.S. Stockpiles Drop. Oil Rose for a second day in NY after an industry report showed stockpiles shrank in the U>S>, the world's bigger crude consumer.
Oil for March delivery advanced 82 cents to $99.23 a barrel in electronic trading on the New York Mercantile Exchange and traded at $99.22 at 5:27 p.m. in Sydney. The contract yesterday increased $1.50 to $98.41, the highest settlement since Jan. 31. Prices are 14 percent higher than a year ago.
Gold is trading at 1748.40 ending an up and down session. Earlier in the day gold began falling hitting the low of 1712.65. As news of a possible deal was reported in Greece the USD began to plummet and Gold did as it should do, it rose. As the dollar came down gold turned around and went up 1.4%.
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  #4  
Old 09-02-2012, 13:41
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Default February 9th, 2012

Currencies EUR/USD The euro rose toward a two-month high after a Greek government official signaled confidence that finance ministers in the currency bloc will approve a second financing accord for the debt-strapped nation.The euro rose 0.2 percent to $1.3281 as of 2:39 p.m. in Tokyo from the close in NYMEX yesterday, where it reached $1.3289, the highest since Dec. 12
USD/JPY pair is trading at 77.18, with the USD trading 0.15% higher from yesterday’s close, as yen came under pressure after core machinery orders in Japan fell 7.1% in December. Separately, the M3 money supply in Japan climbed 2.6% in January. Yen declined after the Japanese Economic Watchers’ survey results showed that the Current Conditions Index declined to 44.1 in January, compared to 47.0 in December. Meanwhile, the Outlook Index edged up to 47.1, from 44.4 in December.
AUD/USD Aussie in the Asian session, at GMT 04:00, the pair is trading at 1.0777, with the AUD trading marginally higher from yesterday’s close, after the National Australia Bank (NAB) business survey indicated that business conditions improved in the December quarter, following a moderation in the June quarter Gains were limited, as China’s annual inflation rate came in higher-than-expected,climbing 4.5% in January, well above market expectations for a 4.0% rise.The pair is expected to find support at 1.0729, and a fall through could take it to the next support level of 1.0682. The pair is expected to find its first resistance at 1.0834, and a rise through could take it to the next resistance level of 1.0892.
Commodities Oil climbed for a third day in New York as a U.S. government report showed refineries processed more crude last week and Greece moved closer to securing a second bailout.Crude for March delivery rose as much as 43 cents to $99.14 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $99.11 at 2:15 p.m. Singapore time. It increased 0.3 percent yesterday to $98.71, the highest since Jan. 30. Prices are 14 percent higher the past year.
Gold held steady above $1,730 an ounce on Thursday, after dropping about a percent in the previous session, as a surprisingly high China inflation number supported prices, while investors also focused on Greece's debt talks for direction Gold came under pressure as the euro softened after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default, but the higher-than-expected inflation data out of China helped bullion pare early losses.
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  #5  
Old 10-02-2012, 09:04
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Default February 10th, 2012

Important Financial Indicators of the dayForecast Previous
GBP 09:30 (GMT) PPI Input 0.4% -0.6%
CAD 13:30 (GMT) Trade Balance 0.7B 1.1B
USD 13:30 (GMT) Official Bank Rate -48.1B 1.1B
USD 17:30 (GM) Fed Chairman Bernanke speaks
Currencies EUR/USD The dollar advanced versus most of its major counterparts as Asian stocks fell and European finance ministers withheld an aid package for Greece.
The dollar rose 0.2 percent to $1.3255 per euro as of 6:30 a.m. in London
AUDUSD Australia’s dollar fell from near a six-month high after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
Australia’s dollar slid 0.7 percent to $1.0714 at 4:13 p.m. in Sydney, after reaching $1.0845 on Feb. 8, the most since Aug. 2
Commodities Oil fell from the highest in three weeks, trimming a weekly gain, as concern that Europe’s debt crisis will worsen and curb global commodity demand.
Oil for March delivery fell as much as 46 cents to $99.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.57 at 5 p.m. Sydney time
Gold hovered unchanged at around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms.
Gold Price was little changed at $1,732.34 an ounce by 0315 GMT, after two straight days of losses.
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  #6  
Old 13-02-2012, 10:33
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Default February 13th, 2012

Currencies EUR/USD The EUR/USD pair fell on Friday as the market continues to be driven by headlines out of Athens. The pair is gaining strength this morning as Greece’s parliament approved austerity measures to secure an international bailout.
EURJPY The yen declined against the euro and other major peers after Greek Prime Minister Lucas Papademos won approval from parliament for austerity measures to secure a second package of aid.
The yen declined 0.4 percent to 102.87 per euro as of 6:39 a.m. in London from last week in New York.
Commodities Oil advanced from a three-day low after Greece’s parliament approved austerity measures to secure an international bailout, easing concern that Europe’s debt crisis will worsen and curb demand for commodities.
Oil for March delivery climbed as much as $1.01 to $99.68 a barrel on the New York Mercantile Exchange.
Gold strengthened on Monday in line with gains in shares and the euro after Greece's parliament finally approved a deeply unpopular austerity bill to secure a second bailout.
Physical buying from China also helped lift gold up $US6.10 an ounce to $US1725.49 in Asian afternoon trade.
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  #7  
Old 14-02-2012, 11:38
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Default February 14th, 2012

Currencies EUR/USD The dollar gained versus all its major counterparts after Moody’s Investors Service cut ratings on European nations including Italy, Spain and Portugal, boosting demand for safer assets.
The dollar rose 0.2 percent to $1.3165 per euro as of 2:24 p.m. in Tokyo
USD/JPY The yen fall after the Bank of Japan said it expanded its asset-purchase fund to ensure a recovery.
The yen dropped as much as 0.2 percent to 77.76 per dollar, before trading at 77.68 at 12:48 p.m. Tokyo time from 77.57 yesterday.
Commodities Oil fell from the highest price in almost five weeks on speculation that U.S. crude supplies are rising and demand for fuel may falter as Europe grapples with lower credit ratings.
Oil for March delivery slid as much as 54 cents to $100.37 a barrel in electronic trading on the New York Mercantile Exchange. It was at $100.62 at 1:57 p.m. Singapore time.
Gold prices fell in Asian trading Tuesday as the euro lost ground against the dollar amid resurfacing investor jitters about the euro-zone debt crisis.
Spot gold was trading at $1,717 a troy ounce at 0505 GMT, down $4.90 from its previous settlement.
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  #8  
Old 15-02-2012, 13:32
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Default February 15th, 2012

Currencies EUR/USD The EUR/USD pair fell again on Tuesday as the markets continue to sell risk related assets. The announcement of the cancelled EU Finance Ministers meeting on Wednesday also sent a shudder through the markets as well.
EUR/JPY The euro rose to its highest level in two months against the yen after the People’s Bank of China said the nation will participate in resolving Europe’s debt crisis, boosting demand for higher-yielding assets.
The 17-nation euro rose 0.4 percent to 103.41 yen at 6:31 a.m. in London and earlier touched 103.48, the most since Dec. 12.
Commodities Oil rose after China pledged to help resolve Europe’s debt crisis, easing concern that economic growth will slow and curb fuel demand. Brent crude may advance to $120 a barrel, according to Goldman Sachs Group Inc.
Oil for March delivery rose as much as $1.02 to $101.76 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.62 at 3:05 p.m.
Gold edged higher on Wednesday but remained in a tight range around $1,720 an ounce, with investors on the sidelines because Greece has yet to convince European leaders of its ability to stick to unpopular reforms needed to secure a bailout.
Spot gold edged up 0.3 percent to $1,724.04 an ounce by 0317 GMT. U.S. gold gained 0.5 percent to$1,726.30
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  #9  
Old 16-02-2012, 13:19
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Default February 16th, 2012

Currencies EUR/USD The EUR/USD dropped to a three-week low before German and Italian leaders meet tomorrow ahead of a finance ministers’ gathering next week to decide on a second bailout package for Greece.
USD/CAD The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
U.K. consumer confidence rose in January to the highest in five months on signs of strength in the economy.
Commodities Commodities fell from a six-month high, paced by declines in copper and crude, after European leaders delayed a decision on Greece’s bailout, boosting the dollar and eroding demand for raw materials.
Oil for March delivery was at $101.45 per barrel, down 0.3 percent on the New York Mercantile Exchange after ending yesterday at the highest close since Jan. 10. Prices have been supported by reports that Iran halted shipments to Europe..
Gold declined after European leaders delayed a decision on Greece' s bailout, boosting the dollar and eroding demand for the metal as an alternative investment
Spot gold fell as much as 0.6 percent to $1,717.95 an ounce and traded at 1,718.43 $ . Prices have gained 9.9 percent this year .
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  #10  
Old 17-02-2012, 11:04
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Default February 17th, 2012

Currencies EUR/USD The euro may fall toward its lowest level in more than two years against the dollar after dropping below a key support level, Bank of America Corp. said, citing trading patterns.
The euro traded at $1.3134 as of 9:42 a.m. in Tokyo from $1.3130 in New York yesterday, when it fell to as low as $1.2974, the weakest since Jan. 25.
USD/JPY The yen dropped against all its major peers, reaching the weakest in more than three months against the dollar, as gains in Asian stocks and signs of growth in the U.S. economy damped demand for haven assets.
Japan’s currency slid 0.2 percent to 79.07 yen per dollar as of 2:21 p.m. in Tokyo..
Commodities Oil traded near the highest price in six weeks as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
Crude for March delivery was at $102.46 a barrel, up 15 cents, on the New York Mercantile Exchange at 12:55 p.m. Singapore time. Prices yesterday rose 51 cents, or 0.5 percent, to $102.31, the highest close since Jan. 4.
Gold headed for the first weekly advance this month as optimism that Greece may receive a second bailout and avert default hurt the dollar, boosting demand for the precious metal as an alternative asset.
Spot gold gained 0.2 percent to $1,731.57 an ounce at 12:04 p.m. in Singapore, and is set to advance 0.6 percent this week.
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  #11  
Old 20-02-2012, 10:00
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Default February 20th, 2012

Currencies EUR/USD rose during the session on Friday as the market tried to rally on all things risky. However, there is a massively important meeting in Europe Today that will decide whether or not the Greeks get their bailout.
The 1.30 level below extends support down to the 1.29 mark, and that will have to be overcome for any down move to pick up a momentum.
USD/JPY The yen and dollar dropped against most major peers as Asian shares climbed on Chinese measures to sustain economic growth, curbing demand for refuge assets.
The yen fell 0.5 percent to 105.09 per euro at 6:47 a.m. in London after touching 105.75, the weakest since Nov. 14.
Commodities Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.
Crude for March delivery rose as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchange, the highest intraday price since May 5.
The optimism on a deal later in the day between Greece and euro zone on the second bailout for Greece sent equities and the euro up, helping support gold
Spot gold rose 0.6 percent to $1,733.96 an ounce by 0406 GMT, on course for its biggest daily rise in two weeks.
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  #12  
Old 21-02-2012, 10:20
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Default February 21th, 2012

Currencies EUR/USD The 17-nation euro advanced to the strongest level in more than a week versus the U.S. currency as Luxembourg’s Jean-Claude Juncker told reporters the deal includes a 53.5 percent writedown for investors in Greek bonds.
Europe’s common currency rose 0.1 percent to $1.3254 and earlier reached $1.3293, the strongest level since Feb. 9.
EUR/JPY The Canadian dollar fell for the first day this week versus its U.S. counterpart as bets that an aid package for Greece may be delayed until after it holds elections this year damped appetite for riskier assets.
The euro touched 105.97 yen, the most since Nov. 14, before trading 0.2 percent higher at 105.62 yen as of 1:39 p.m. in Tokyo.
Commodities Oil traded near the highest price in nine months after euro-area finance ministers agreed on a second bailout for Greece, improving prospects for fuel demand.
Oil futures for March delivery, which expire today, advanced as much as $2.20 to $105.44, the highest intraday price since May 5 on the New York Mercantile Exchange.
Spot gold rose to its highest in a week and half on Tuesday as the dollar weakened after euro zone policymakers sealed a deal for a second bailout for Greece.
Spot gold inched up 0.4 percent to $1,740.35 an ounce by 0624 GMT, after touching a one-week high of $1,740.49.
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  #13  
Old 22-02-2012, 10:19
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Default February 22nd, 2012

Currencies EUR/JPY was within 0.1 percent of a three-month high after the Greek government won a second bailout and sent debt-swap and austerity measures to parliament for approval.
The euro strengthened 0.4 percent to 105.97 yen from yesterday, when it reached 106.01, the highest since Nov. 14.

USD/JPY rose to a six-month high of 80.08 on speculation signs of growth in the U.S. economy will reduce the case for more quantitative easing by the Federal Reserve.
The dollar rose 0.4 percent to 80.04 yen as of 6:31 a.m. in London, after earlier touching 80.08, the strongest since Aug. 4.

Commodities Oil traded near the highest level in nine months as concern that tension with Iran will disrupt supplies countered speculation the global economy may falter and curb fuel demand.
Oil for April delivery was at $106.17 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:22 p.m. Sydney time. It earlier slid as much as 54 cents. Front-month prices advanced 2.5 percent yesterday to the highest close since May 4.

Gold edged down on Wednesday from a 2-1/2-week high as concerns about Greece's ability to implement an unpopular bailout deal balanced the gains triggered by the actual agreement and slower factory activity in China contributed to the fall.
Spot gold rose to $1,759.84 an ounce in early trade, its highest since February 3, before reversing course to fall 0.18 percent to $1,755.86 an ounce by 0452 GMT.
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  #14  
Old 28-02-2012, 09:27
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Default Re: ACFX Daily Market Outlook

February 28th, 2012 Currencies EUR/USD The EUR/USD rose 0.3 percent to $1.3431. ECB is preparing to issue a second round of unlimited three-year loans to help shore up the region’s banks. U.S. economic data may show orders for durable goods fell in January, while consumer confidence improved this month
USD/CAD After climbing to 1.0049 the USD/CAD dropped down to 0.9991, as the dollar rose on most major rivals as the euro fell prey to apparent profit-taking in quiet trading Monday, after the Group of 20 nations refused to boost funding for the International Monetary Fund until the euro zone boosts the size of its own firewall.
Pending home sales climbed 2% in January to the highest level since April 2010, when buyers were taking advantage of a now-expired tax credit. The pending-home-sales index rose to 97.0 from a downwardly revised 95.1 reading in December.
Commodities Commodities fell a second day on concern Prices coming to near a 9-month high that may bend demands. Oil dropped for a second day in New York on speculation rising U.S. stockpiles signal easing fuel demand as crude trades near the highest price in nine months.
Oil for April delivery fell as much 72 cents to $107.84 a barrel in electronic trading on NYMEX and was at $108.44 a barrel at 3:06 p.m. Singapore time. The contract yesterday slid 1.1 percent to $108.56, snapping the longest winning streak since January 2010. Prices rose 6.3 percent last week to the highest since May 3 and are up 12 percent in the past year.
Gold rose about 3% previous week, outcome of Greece’s bailout deal and expectations of biggest momentary easing.
Spot gold edged up 0.3% to USD 1,771.96 an ounce by 0643 GMT, off a three-month high of $1,787.11 hit last week.
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Old 29-02-2012, 10:03
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Default February 29th, 2012

Currencies EUR/USD The EUR/USD rose 0.1 percent to $1.3487. Rising to an almost 3-month high, On speculations that European Central bank (ECB) allots of 3-year loans to banks today that will spur demand for the region’s assets.
USD/CAD fell from the opening at 0.9990 to trade at 0.9950. With the euro surging to new recent highs against the USD, all of the USD trading partners are benefitting on the weakness. Also reports show U.S. home prices fell 1.1% in December to bring the year-over-year fall to 4percent, according to the Case-Shiller home price index released Tuesday. Today’s report show durable goods fell 4 percent in January, the U.S. Commerce Department said.
Commodities Oil advanced from the lowest price in almost a week in New York on speculation that fuel demand will increase amid signs of economic recovery and concern that tension with Iran threatens global crude supplies.
Oil for April delivery increased as much as 60 cents to $107.15 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.99 at 1:37 p.m. Singapore time. The contract yesterday slipped $2.01, or 1.9 percent, to $106.55, the lowest close since Feb. 22 and the biggest drop since Jan. 20. Prices are 8.6 percent higher this month and up 10 percent in the past year.
Gold surpassed platinum as the most expensive metal used in jewelry in August for the first time since December 2008. Gold demand from jewelry makers dropped 3 percent last year, according to the World Gold Council.Gold has climbed for 11 successive years and peaked at $1,921.15 an ounce on Sept. 6 before retreating to $1,774.71 an ounce in London.
Spot Gold rose up 0.3 percent to $1,771.96 per ounce by 06:45 GMT, making a 3-month high of $1,787.11 that went to last week. Spot Gold made its highest level since middle of November.
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Old 01-03-2012, 09:23
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Default March, 1st 2012

Currencies EUR/USD has traded in the range of 1.3454-1.3485 this morning and it holds itself above the 100-day moving average at 1.3316; it has kept above this key level since last Friday ahead of today’s much anticipated 3-year Long Term Refinancing Operation (LTRO). To the upside next immediate levels are 1.3535/1.3619 (the 61.80% retracement of the October 27th – January 13th move lower) while to the downside support should be found at 1.3408/1.3357.
US Dollar fell to 3 month low against most of its major traded currencies on Thursday after the US Federal Reserve chairman Mr. Bernanke reduced the bond buying.
The dollar index against a basket of currencies stood at 78.72, above a three-month low of 78.095 hit on Wednesday, while the euro traded at $1.3341, up slightly in Asia but hardly recovered from a loss of more than 1 percent from a high of $1.3486 on EBS on Wednesday.

USD/CAD is currently trading 0.9889 after falling to 0.9845. Federal Reserve Chairman Ben Bernanke fueled strength in the dollar, and as upbeat U.S. economic data dulled safe-haven demand for the metal. In testimony prepared for the House Financial Services Committee, Bernanke said that recent improvement in employment has put the Federal Reserve on alert and that it’s watching incoming data closely. Bernanke stopped short of saying the improvement in the jobless rate meant a better economy ahead.

Commodities Oil for April delivery was at $107 a barrel, down 7 cents in electronic trading on the New York Mercantile Exchange. Crude in New York fell as much as 1.6 percent yesterday after a report from the U.S. Energy Department showed stockpiles increased almost 4 times more than forecast.

Gold futures fell as much as $100 to below $1,700 an ounce on signs that that the Federal Reserve will refrain from offering more monetary stimulus to bolster the U.S. economy. Yesterday, gold reached $1,792.70, a three-month high, even as coin sales by the U.S. lowest in February.On Wednesday, SPDR Gold dropped 5.3percent, its biggest one-day loss since late September. Volume was triple the average.
Gold futures for April delivery fell $90.30, or 5 percent, to $1,698.10 at 5:14 p.m., compared with yesterday’s settlement. Earlier, the price tumbled as much as $100, or 5.6%, to $1,688.40, the lowest for a most-active contract since January 25th.
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  #17  
Old 02-03-2012, 09:01
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Default March, 2nd 2012

Currencies EUR/USD dropped to 1.3318 with the USD remaining positive against the euro.In Europe, the Market purchasing managers index for the euro zone showed activity in the region shrank at a slower pace in February, coming in unchanged from a preliminary estimate.Separately, consumer prices grew at 2.7% annual rate in February, edged up from 2.6% in January, the European Union statistics agency Eurostat reported. January unemployment rose to 10.7% from an upwardly revised 10.6% in DecemberThursday a U.S. manufacturing gauge dropped unexpectedly, but the USD held gains against the euro following a trade body’s ruling that Greece’s privately-held debt restructuring hasn’t met the threshold of a “credit event.”

USD/CAD rose for a fourth day, the longest string of advances in more than a month, as jobless claims in the U.S., the nation’s biggest trade partner, fell to the lowest level in four years. It gained versus the majority of its most-traded peers before data tomorrow that may show the Canadian economy grew in the fourth quarter. China’s manufacturing expanded, a report showed.The pair rose 0.5% to 98.55 cents per U.S. dollar. It reached 98.42 cents, the strongest since Sept. 19. One Canadian dollar is traded for $1.0147.

USD/JPY The Yen dropped against all its major peers after government data showed Japan’s consumer-price index lowered, rising speculation the nation’s central bank will expand monetary easing to meet its inflation goal.The yen fell 0.3 percent to 108.27 per euro as of 6:14 a.m. in London. It dropped 0.4 percent to 81.44 per dollar after touching 81.67 on Feb. 27, the weakest since May 31. The euro dipped 0.1 percent to $1.3295.

Commodities Oil climbed over $110 a barrel for the first time since May after an Iranian state-run news channel reported an explosion on a pipeline in Saudi Arabia. A Saudi official said no oil facilities were sabotaged.Futures reached $110.55 at 3:17 p.m. in New York after Iran’s Press TV reported on its English-language website that “an explosion has hit oil pipelines in the flashpoint Saudi Arabian city of Awwamiya,” then fell back below $109.
Major General Mansour Al-Turki, a spokesman for the Saudi Interior Ministry, said no oil facility in the region has been sabotaged after reports of a fire near the Ras Tanura refinery.Crude oil for April delivery rose $1.77 to settle at $108.84 a barrel on the NYMEX before the Press TV report. The price was $108.73 at 5:11 p.m. Futures settled at a nine-month high of $109.77 on Feb. 24. Brent oil for April settlement climbed $3.54, or 2.9 percent, to a 10-month high of $126.20 a barrel on the London- based ICE Futures Europe exchange. Brent rose as high as $128.40 after the settlement and dropped back to $126.15

Gold gained Thursday, running with equities and oil as they looked to recover from a 4.3% drop the previous day. Gold is up $10.90, or 0.6%, to settle at $1,722.20. On Wednesday as Federal Reserve’s Chairman Mr. Bernanke spoke before Congress his tone and the market interpretation caused Gold to drop over $70.00 in just a few minutes. Yesterday, gold reached $1,792.70, a three-month high, even as coin sales by the U.S. lowest in February.The markets were also concerned about the effects of the program as the ECB lent a record 530 Billion euro of three-year loans to 810 financial institutions, up from 523 at the first round of lending in December. Investors are wary banks will become too reliant on ECB funds and fail to take the steps to strengthen their balance sheets
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Old 05-03-2012, 10:41
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Default Re: ACFX Daily Market Outlook

March 5th 2012
Currencies EUR/JPY The euro slid for a fourth day against the yen before data economists say will show the region’s retail sales dropped for a third month, adding to signs the currency bloc’s debt woes are hurting the economy.
The euro slid 0.6 percent to 107.36 yen as of 6:30 a.m. in London from last week’s close.

EUR/ USD opened marginally lower at 1.3191 at the weekly open, but managed to go up to 1.3213 after bouncing off support ahead of 1.3180 during the Asian session, this morning 7:30 gmt time the pair continues to struggle around 1.3180 support level, further volatility expected after the European markets opening.
Commodities Oil rose from a three-day low in New York after US President Barack Obama said the U.S. may use military force to stop Iran from developing a nuclear weapon and Enbridge Inc. (ENB) shut a pipeline in Illinois.
Oil for April delivery gained as much as 59 cents to $107.29 a barrel in electronic trading on the New York Mercantile Exchange and was at $106.94 at 2:23 p.m. Singapore time.

Gold lost nearly 4 percent last week, after U.S. Federal Reserve Chairman Ben Bernanke disappointed the market by omitting any reference to further monetary easing in a congressional testimony.
Gold was little changed at $1,712.79 an ounce by 0331 GMT. U.S. gold edged up 0.3 percent to $1,714.20.Technical analysis shows gold could rebound to $1,728 an ounce during the day.
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Old 08-03-2012, 09:36
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Default March 8th, 2012

Currencies USD/CAD Canadian dollar advanced versus the Greenback as policy makers prepared for a meeting today that economists predict will see interest rates remaining at 1 percent for a 12th time.
The euro slid 0.8 percent to $1.3112 at 5:01 p.m. in New York, after touching $1.3103, the lowest level since Feb. 16.

USD/JPY The yen weakened against all of its major counterparts after Japan posted a record current-account deficit, threatening to undermine the currency’s haven status.
Canadian dollar, rose 0.5 percent to 99.74 cents per U.S. dollar at 5 p.m. in Toronto after reaching C$1.0029 yesterday, the weakest level since Feb. 27.

Commodities Oil traded near the highest price in two days on signs that sanctions on Iran are succeeding in cutting its crude exports.
Contract for April delivery was at $106.38 a barrel, up 22 cents, in electronic trading on the New York Mercantile Exchange at 2:10 p.m. Singapore time. The contract yesterday increased $1.46 to $106.16 a barrel.

Gold climbed for a second day as record bullion holdings in exchange-traded products signaled stronger investor demand, while Greece’s progress toward a second bailout boosted the appeal of equities and commodities.
Spot gold gained 0.2 percent to $1,687.65 an ounce at 1:30 p.m. Asian session.
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Old 09-03-2012, 08:58
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Default March 9th, 2012

Currencies USD/JPY The yen slid to a nine-month low as speculation of further easing by the Bank of Japan (8301) and gains in Asian shares curbed demand for the currency.
The yen dropped 0.3 percent to 81.80 per dollar as of 2:09 p.m. in Tokyo, after earlier touching 81.89, the weakest since May 26.

GBP/USD The pound weakened against the dollar after Greece said the participation rate in its government bond swap reached 95.7 percent after triggering collective action clauses.
Sterling fell 0.2 percent to $1.5801 at 6:12 a.m. London time, and traded little changed versus the euro at 83.78 pence.

Commodities Oil rose for a third day in New York after Greece completed its debt swap, easing Europe’s debt crisis. The U.S. is forecast to show improvement in its labor market, spurring more demand for fuel.
Oil for April delivery advanced as much as 74 cents to $107.32 a barrel in electronic trading on the New York Mercantile Exchange. It was at $107.04 at 2:25 p.m. Singapore time. The contract yesterday rose 0.4 percent to $106.58, the highest settlement since March 5.

Gold was hovering around $1,700 an ounce today, after gaining nearly 1 percent in the previous session as a strong take-up of Greece‘s bond swap offer calmed fears of an imminent default and lifted sentiment across financial markets.
Spot gold was little changed at $1,699.66 an ounce by 0035 GMT, on course for a 0.7 percent fall this week, its second weekly decline in a row.
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Old 13-03-2012, 09:05
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Default March 13th, 2012

Currencies EUR/USD The dollar's strength saw the euro hitting a one-month low on Monday. The common currency is still smarting from fears that the European debt crisis could worsen again, despite Greece's success in debt-cutting swap deal.
The euro stood at $1.3157, having recovered after hitting a one-month low of $1.3079 on Monday, helped by technical support at its Ichimoku cloud top at $1.3087 and a 55-day moving average around $1.3084. But the currency's outlook remained shaky given that the euro zone economy is slipping into recession, in contrast to a brightening picture in the United States.

USD/CAD Canada’s dollar weakened versus its U.S. counterpart on concern the global recovery is slowing after China reported its biggest trade deficit in more than two decades, sapping demand for higher-risk assets.
Canada’s currency dropped 0.2 percent to 99.24 cents per U.S. dollar at 5 p.m. in Toronto. It rose as high as 98.73 last week, the most since March 1.

Commodities Oil rebounded from the lowest price in almost a week as investors bet that fuel demand may increase amid signs the U.S. and Chinese economies are strengthening.
Oil for April delivery rose as much as 66 cents to $107 a barrel in electronic trading on the New York Mercantile Exchange. It was at $106.95 at 12:25 p.m. Singapore time.

Gold climbed, gaining alongside equities and commodities, before a Federal Open Market Committee meeting and as Greece prepares to receive a second bailout.
Spot gold gained as much as 0.3 percent to $1,706.05 an ounce and traded at $1,704.20 at 1:33 p.m. Singapore time.
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