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Late European Session Norwegian Data again stole the headlines in the morning session as the Unemployment Rate for Sep dropped to 2.7% (2.9% exp, 3.0% prior), in stark contrast to the deteriorating labour markets of most of its major peers. EURNOK touched its lowest levels in 11 months (8.4179), but profit-taking on the last 2 [...]

ADP Report Tempers Optimism For Non-Farm Payrolls This week’s economic calendar went from famine to feast yesterday as the Eurozone spun out better than expected German Unemployment figures (8.2% vs. 8.4% exp.), and rumours of good US employment figures to come spurred equities and other risky assets higher in the morning session (EURUSD rallied to [...]

Asian Session: Yen Expected to Drop Lower on Comments From Japanese Finance Ministry The economic environment in Japan has been less than attractive for investors considering the extremely low yields and heavily export driven growth. A recent wave of central bank commentary regarding intervention has been a significant component of the recent rally in major [...]

We saw a sharp rally in gold breaking above the closely watched $1,000.00 mark supported by a decline in the US dollar and a significant advance in crude prices. In addition reports from the US showed a possible division among Fed’s policy makers on the exit strategy and that sparked gold buying as an inflation [...]

PRECIOUS – Gold reclaims $1,000/oz on weak dollar, oil rally * Gold reclaims $1,000 an ounce as dollar falls * India gold imports up from August, down from last year * Profit-taking remains concern in near term NEW YORK/LONDON, Sept 30 (Reuters) – Gold reclaimed $1,000 an ounce on Wednesday, rising 1.5 percent as a [...]

COMMODITIES – Markets end 3rd quarter up after surprise rally * Oil jumps 6 pct on gasoline demand, sparking broad rally * Commodity indexes reverse declining trend to end Q3 up * Weak dollar and data suggesting recovery aid sentiment NEW YORK, Sept 30 (Reuters) – Oil prices jumped 6 percent to lead a broad [...]