SereneLoi.com

PRECIOUS – Gold Bounces From 2-Week Lows, Awaits U.S. Data
7:42pm EST
SINGAPORE, March 12 (Reuters) – Gold ticked higher on Friday after the euro edged up against the dollar ahead of U.S. retail sales data for February, which could show falling consumer spending.
FUNDAMENTALS
Spot gold was at $1,110.15 an ounce by 0028 GMT, up 85 cents from [...]

FOREX – Dollar Little Changed Vs Majors In Volatile Trade
4:12pm EST By Wanfeng Zhou
* U.S. trade gap narrows, claims higher than forecast
* SNB says would act “decisively” on Swiss franc
* New Zealand dollar falls after RBNZ holds rates
NEW YORK, March 11 (Reuters) – The dollar traded little changed versus major currencies on Thursday after mixed [...]

Oil continued to trade above $80 following yesterday’s weekly inventories. Data showed that crude inventories grew, but analysts are now concerned that as the economic stimulus plans expire, we may see demand falling. Last night’s Chinese CPI data came in at 2.7% sparking inflationary fears.
OPEC raised their global consumption expectations for 2010, and raised [...]

Dollar Softens After Another Week Of Higher Jobless Claims
* Swedish CPI (Feb) came out marginally higher than expectations at 0.6% m/m, 2.7% y/y (0.5%/2.6% expected, -0.6%/0.6% prior).
* SNB kept interest rates unchanged at 0.25%, but reiterated their commitment to preventing ‘excessive’ CHF strength against EUR and said the possibility of deflation could not be ruled [...]

Overnight data released in China showed better than expected growth in factory output, and consumer inflation rose to a sixteen month high. CPI rose to 2.7% in February. This has raised concerns that the Chinese central bank may increase monetary tightening, and possibly raise interest rates. There is a school of thought that gradual tightening [...]

Despite The dollar easing, and increased inflationary reports coming out of China last night, gold still managed to tumble back. CPI in China rose to 2.7% in February, and now markets will be factoring in how the Chinese are going to handle rising inflation. Tightening monetary policy, and even interest rate rises are now a [...]

FOREX – Euro Steadies Vs Dollar, Yen; SNB Awaited
7:39am EST By Jessica Mortimer
* Euro steadies vs dlr, yen; China tightening concerns ease
* Euro flat at $1.3653
* SNB policy decision eyed; euro hits 1-month low vs franc
* Aussie recovers; NZ dollar falls after RBNZ holds rates
LONDON, March 11 (Reuters) – The euro steadied against the dollar [...]