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Oil moved ever so slightly to the upside, but in the run-up to the Thanksgiving holidays, it would appear that investors are reluctant to take a stance. Oil investors should note that we have weekly data released by the API tonight at 2130, and weekly oil inventories released tomorrow at 1330 (ET). Positive data from [...]

The Dollar decline has stagnated, bit gold is staying firm. Gold has now jumped up by 32% this year, and has risen by 12% in November thus far – the chart below highlights the impressive run this month. All eyes will be on the release of GDP data later this evening. Holdings at SPDR Gold [...]

European Session: Dollar Back In The Ranges As Risk Appetite Oscillates Right on cue, the next whim of risk aversion has kicked in just as EURUSD looked to be on the brink of threatening the top end of its range at 1.5000. The catalyst today has been a poor session for Asian equities, prompted in [...]

COMMODITIES – Gold At New Peak; Oil, Copper Up As Dollar Wilts * Gold breaks past $1,170 per ounce in race towards $1,200 * Oil and copper up, helped by weak dlr, U.S. housing * Crop prices mostly down on bearish supply-demand issues NEW YORK, Nov 23 (Reuters) – Gold ended up after scaling yet [...]

Jumping house sales released yesterday, plus the prospect of no rise in interest rates in the immediate future, led investors to flee the Dollar once again, and move in to stocks. Investors will be eyeing the Q3 GDP estimates, released by the US Commerce dept at 1330. German IFO numbers showed November business confidence coming [...]

Strong Equity Market Gains Put The Dollar Under Renewed Pressure The strong performance of equity markets today has ensured the USD remains under selling pressure and most major currency pairs remain at elevated levels against the USD in their recent ranges. In Europe, the FTSE is up around +2.1%, DAX +2.4%, and in the US, [...]