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 [...]
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 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 [...]
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 [...]
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, [...]
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