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Late European Session Markets have traded sideways since the European open; equity markets across Europe and the US are up on the day, but commodities are mixed and the DXY has washed around between 76.80 and 77.00. This morning’s PMI services data out of the Europe surprised to the upside, whilst Eurozone Retail Sales for [...]

European Session: USD Fails to Hold Gains The USD ended higher against most major currencies last weekc on risk reduction, as weak economic data prompted traders to take profits from the US equity market and sell the higher yielding assets. Consumer confidence, ADP employment, Chicago PMI, and non-farm payrolls were all worse than expected. Other [...]

Australian market quiet with holiday today as was China for their National day Celebrations. Over weekend G7 meeting didn’t move the currency markets too much with the dollar slightly weaker. G7 warned against ‘disorderly’ trading and also talk of ongoing discussions to reduce UK deficit with UK’s Darling. AUD/USD range 0.8648 to 0.8745 area. Traded [...]

PRECIOUS – Gold rises as dollar weakens on US payrolls data * Dollar weakness lifts gold back above $1,000 * Concerns on U.S. economy boost gold’s safe-haven status * Gold vulnerable to correction on weak physical demand NEW YORK/LONDON, Oct 2 (Reuters) – Gold reclaimed the $1,000-an-ounce level after a choppy session on Friday when [...]

COMMODITIES – Worry over US jobs hits most markets * Weaker-than-expected U.S. job numbers spook investors * Copper settles at 2-month low; oil below $70/barrel * Cocoa, sugar and soybeans down 3-4 pct each * Coffee bucks trend NEW YORK, Oct 2 (Reuters) – Copper settled at two-month lows on Friday and oil fell below [...]