SereneLoi.com

Similar to the oil market, it seems that we are seeing the same story, just on different days. The weakening USD continues to push Gold to new highs – the year chart below indicates what a spectacular rise we have seen of late. Many analysts will be looking to see if the price can break [...]

It’s a case of different day, but same old story! Further moves to the downside on the USD pushed the price of oil higher in trading yesterday. This, coupled with optimistic numbers from Japan and US Retail Sales, gave investors cause for optimism. The state of the global economy will have direct impact on consumption [...]

Bernanke dominated the FX day yesterday, with his comments initially giving the dollar a pop to the upside, but it did once again fall back to 15 month lows. The USD hit fresh intraday lows versus the EUR, JPY, CHF and AUD as better than expected figures from Japan fuelled optimism over the current global [...]

European Session: Bernankes Comments Linger Yesterday comments by Fed Chairman Bernanke disrupted FX markets, when he mentioned the USD in his speech at an event at the Economic Club of New York. Since the US treasury is the usual voice of US dollar policy, it caught the market fully off guard. In a knee-jerk reaction, [...]

COMMODITIES – Gold Hits Record As Weak Dollar Sparks Broad Rally * Gold pierces $1,140 per ounce, sets sights on $1,200 * RJ/CRB up 3 pct as weak dollar fuels broad commods rally * Commods rally fires up surge in equities too NEW YORK, Nov 16 (Reuters) – Gold rose on Monday, hitting record highs [...]

Bernanke Spooks Markets With Strong Dollar Rhetoric Currency markets have been stuck in relatively tight ranges for most of the day as strong equity market performances across Europe and the US negated slightly disappointing economic data releases. Gold took advantage of the positive risk sentiment to power to new highs at $1136.70, a staggering 8.8% [...]