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Forex: GBP/AUD retreats from 8-day high
July 29, 2010[Story ID: 5581]
FXstreet.com (Córdoba) – The Pound printed important gains against the Aussie on Wednesday. GBP/AUD rallied over 250 pips to post a fresh 8-day high at 1.7523 before retreating slightly to close the day at 1.7460, 1.08% above its opening price.
The pair entered into a consolidation phase at mid-American afternoon, but the Aussie [...] -
Forex: AUD/JPY heads lower along with Nikkei
July 29, 2010[Story ID: 5589]
FXstreet.com (Córdoba) – Risk aversion environment has translated into a weaker Aussie and a stronger Yen. AUD/JPY slumped from 79.30 to 78.10 on Wednesday, closing the day 1.51% below its opening price and erasing almost completely its previous weekly gains.
At late NY trade, the pair reached the lowest price this week at 77.76 [...] -
Gold prices remain below $1,200
July 24, 2010[Story ID: 5426]
The price of gold remains flat below $1,200 and not much above its 60-day low of $1,180 in mid-morning New York trade. The current gold price spot rate in New York is $1,190.70 per ounce after a closing price of $1,194.50 on July 22nd.
Though not far removed from its mid-June all time [...] -
Gold below $1,200 despite US, dollar concerns
July 8, 2010[Story ID: 4914]
It is a bit unusual, but gold prices are currently falling in line with US economic concerns, equity index drops, and dollar losses. Typically, gold is known as the ‘ -
What Makes Prices Move?
March 10, 2010[Story ID: 1421]
Today I will go over what I think drives price movement in the markets, why I hold these beliefs, and why I think it is important to understand the forces in price movement. Keep in mind the following theories are my opinions, not absolute fact. I believeWhat Makes Prices Move?
People often ask [...] -
Gold prices soar past $1,100
February 18, 2010[Story ID: 677]
Gold prices have been on the rebound in the last two weeks after touching a near-term low at price on February 5th of $1,052.25. With a current (February 17) gold spot rate of $1,114.70 per ounce, the commodity has increased in worth by over $60 in 12 days.
Though down slightly from yesterday’ -
Negative housing data points to a faltering economy
February 11, 2010[Story ID: 456]
FXstreet.com (Sydney) ‘ -
Dollar gains against major currencies, commodities
January 27, 2010[Story ID: 224]
The dollar has grown stronger to start this week, gaining ground against most major currencies and commodities, the Japanese yen, being the prominent exception.
The gold price spot rate is at $1,091, after a Tuesday New York Mercantile Exchange close just below $1,100. The gold rate is well below its all time high [...]