You are currently browsing the SereneLoi.com weblog archives for the day Monday, November 23rd, 2009.

FX Commentary – 23Nov

The dollar continued to decline following dovish comments from the US Federal Reserve. St Louis Fed President James Bullard stated yesterday that the central bank should continue with their mortgage related asset purchase programme, as many analysts look for governments to start making clearer their exit strategies.
The US Dollar index slipped further back in trading.
Be [...]

Oil Commentary – 23Nov

The continued decline in the value of the US dollar pushed oil higher in the trading session. It will be interesting to note if we regain the $80 level, but whilst it is the dollar playing a major role, news emanating from the middle east is helping to underpin the price. Iranian defence moves may [...]

Gold & Silver Commentary – 23Nov

Gold reached new highs as the dollar continued its decline. Comments from various FED chiefs sent the greenback even lower, continuing to see new lows. Coupled with dollar weakness, the BBC website reported that Iran have started five days of large scale war games aimed at defending their nuclear sites.
The Central Bank of Russia announced [...]

Market Brief – 23Nov – European

European Session: Gold Surges to $1165.00
After a brief pause, risk appetite seem to have returned in Asian trading. Regional equities were broadly higher, with only the Nikkei lagging. Gold surged to $1165.30oz on growing concern the Fed will maintain stimulus measures. The EURUSD traded up to 1.4950, while the USDJPY fell to 88.60. Surprisingly, AUDUSD [...]

Today > National holiday in Japan. US mkts will close on Thu for Thanksgiving with most traders & investors also taking Fri off as vacation.

USD starts losing its gains made last week’s bounce, amid thin market with Japan Holiday Mon, EUR 1.4902 JPY 88.97 GBP 1.6514 GLD 1,1160.75.

US stks fell for 3rd day Fri as investors took weaker than expected results fr DELL & Horton as further sign that recovery would be anaemic.

COMMODITIES – Mixed On Dollar Strength Vs Investment Trends

COMMODITIES – Mixed On Dollar Strength Vs Investment Trends
* RJ/CRB a shade higher after early weakness
* Gold ends up despite stronger dollar, joining copper
* Oil down modestly, pulling back from session lows
* Crops finish mixed
NEW YORK, Nov 20 (Reuters) – Commodities ended mixed on Friday, with oil falling and some metals and crops rising, [...]