You are currently browsing the SereneLoi.com weblog archives for the day Wednesday, October 7th, 2009.

Market Brief – 07Oct – European (2)

Late European Session It’s been a day of two halves in the FX markets as the morning began with continued USD-selling and risk appetite pushing risky assets higher. However late in the European morning equity indices started to turn lower and the USD began to stage a recovery; since recouping all of its losses to [...]


Market Brief – 07Oct – European

European Session: RBA Hike Supports Risk Buying The Greenback (USD) extended its declines yesterday against its major counterparts, and dropped to a record low versus the Gold on speculation that Arab oil producing nations along with Russia, China, Japan, and France are discussing secretly to end dollar dealings for oil and moving instead to a [...]


PRECIOUS – Gold Sets Record High Above $1,040 Per Ounce

PRECIOUS – Gold sets record high above $1,040 per ounce * Gold hits record as dollar drops on oil pricing report * Dollar weakness, rather than inflation, drives gold * SPDR gold ETF holdings rise for second successive day NEW YORK/LONDON, Oct 6 (Reuters) – Gold surged to a record high above $1,040 per ounce [...]


COMMODITIES – Gold Hits Record On Weak Dollar; Corn Up On Frost

COMMODITIES – Gold hits record on weak dollar; corn up on frost * Falling dollar drives gold to all-time highs * Corn rallies 8 pct to highest levels in 14 weeks * RJ/CRB index of 19 commodities hits 2-1/2 week peaks NEW YORK, Oct 6 (Reuters) – Gold hit record highs on Tuesday as the [...]