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US Data Sends US Dollar Higher in Forex Trading, Gold Prices Lower
February 4, 2012Greenback in currency trading US economic data has crushed estimates and the first news is sending the US dollar higher in forex trading. Indeed, the news that the unemployment rate has fallen to 8.3%, and that the economy added 243,000 jobs in January has boosted demand for the US dollar. The good news out of [...]
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Will House Prices Keep Falling?
January 13, 2012Globally, house prices remain in the doldrums. After a decade of boom, the global house price index peaked in the fourth quarter of 2007 and since then has fallen or remained flat, according to IMF research. IMF Survey Magazine
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Greenback Drops Against Commodity Currencies
December 30, 2011US dollar in forex trading Greenback is lower against commodity currencies today as oil prices pare losses, and as gold prices surge higher. While gold prices still remain below $1,600 an ounce, they are nevertheless on the rise, and ready to rally. The news has commodity currencies like the Australian dollar heading higher. Indeed, the [...]
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Gold Prices Continue Sliding on Dollar Strength
December 28, 2011Forex trading and commodities Gold prices continue to slide in commodities trading as the US dollar gains strength. Gold prices have dropped below $1,575 today, heading lower for yet another day. As the US dollar gains strength, gold prices are pressured. Recently, gold hasn’t been used so much as a safe haven as it has [...]
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Home Prices Continue to Fall in the US
December 28, 2011US dollar mostly weaker today Home prices continue to fall in the US, according to the Case Shiller Index. The news is putting a damper on some of the gains seen earlier today by stocks. The release of consumer confidence data gave markets a boost, and helped risk appetite, but now the situation is moderating [...]
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Whats Next for the US Economy?
December 22, 2011Is the economy finally ready to recover? Today, the US dollar index is lower, and the high beta currencies are gaining. Much of this has to do with optimism regarding what could be next for the US economy. Economic data today was mostly better than expected. Other than hiccups involving GDP, jobless claims were down [...]
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Will Gold Rise Above $2,000 an Ounce in 2012? Or Fall Below $1,500 an Ounce?
December 19, 2011Trading forecast for gold prices Right now, gold prices are just above $1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent days, and there are some that believe that gold prices still have further to fall. Others, though, believe the opposite — [...]
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Gold Prices Ease; Could Gold Deflation Be a Reality in 2012?
December 5, 2011US dollar lower today in forex trading Gold prices are easing a bit this morning on the commodities market. With the situation in Europe looking a little better, there is less need for a safe haven. Indeed, there are some expectations that next year will see some deflation for gold prices. If things improve for [...]
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Gold Prices Rise on Safe Haven Demand
October 2, 2011U.S. dollar higher in forex trading on safe haven demand as well Gold prices are rising on safe haven demand, gaining as global economic uncertainty sends the financial markets reeling. Gold is moving in tandem with the U.S. dollar as forex traders look for ways to invest safely. Indeed, the U.S. dollar is up against [...]
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Gold Prices Prepare for Recovery
September 28, 2011U.S. dollar lower in forex trading Gold prices appear to be readying for a recovery today, heading higher and looking for support. With risk appetite returning, and the U.S. dollar lower in forex trading, it might be just the time for gold prices to seize an advantage. Gold is heading back toward the $ 1,660 [...]
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Whats Next for the U.S. Dollar in Forex Trading?
September 23, 2011Greenback in currency trading The U.S. dollar index is
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Aussie Falls in Currency Trading, in Spite of Higher Gold Prices
July 19, 2011Australian dollar in forex trading The Australian dollar is lower in forex trading on the currency market today, down even though gold prices have breezed through $ 1,600 an ounce. Normally, higher gold prices would help the Aussie in currency trading. Today, though, things aren’t working that way. Gold is higher because of risk aversion, [...]
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Oil Prices Continue to Rise, Helped by a Lower U.S. Dollar
July 1, 2011Greenback and oil prices Last week, the U.S. tapped its strategic reserves, and the IEA released oil into the markets. The move temporarily sent oil prices lower, but they have been stubbornly higher recently. Some of it has to do with speculation that demand could pick up. However, the lower U.S. dollar has something to [...]
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Lower Gold Prices Drag Aussie Down in Currency Trading
June 13, 2011Australian dollar lower in forex trading The Aussie is down in currency trading on the FX market, due in large part to lower gold prices today. With the precious metal sliding along with other commodities (like oil), it is little surprise that the Australian dollar is down in forex trading, given the currency’s reliance on [...]
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Lower Gold Prices Drag Aussie Down in Currency Trading
June 11, 2011Australian dollar lower in forex trading The Aussie is down in currency trading on the FX market, due in large part to lower gold prices today. With the precious metal sliding along with other commodities (like oil), it is little surprise that the Australian dollar is down in forex trading, given the currency’s reliance on [...]
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Risk Still Dominates Forex. The Dollar as “Safe Haven” is Back!
May 23, 2011Well over two years have passed since the collapse of Lehman Brothers and the accompanying climax of the credit crisis. Most economies have emerged from recession, stocks have recovered, credit markets are strong, and commodities prices are well on their way to new record highs. And yet, even the most cursory scanning of headlines reveals [...]
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Fears About the Euro Zone Surface Again
May 23, 2011Euro lower in forex trading Fears about the euro zone are surfacing again in forex trading on the currency market. With protests in Spain adding to the turmoil, forex traders are concerned about rising yields in euro zone countries. The Greek bailout doesn’t seem to be doing its job, and Italy and Spain are seeing [...]
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U.S. Dollar Lower as Gold Prices Head Higher
May 10, 2011Greenback down against euro in forex trading The U.S. dollar is lower against the euro in forex trading today, mainly due to the fact that gold prices are heading a bit higher. Gold prices are firming now, after some volatility the last couple of sessions. As a result, the greenback, which normally moves inversely to [...]
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Record Commodities Prices and the Forex Markets
April 15, 2011Propelled by economic recovery and the recent Mideast political turmoil, oil prices have firmly shaken off any lingering credit crisis weakness, and are headed towards a record high. Moreover, analysts are warning that due to certain fundamental changes to the global economy, prices will almost certainly remain high for the foreseeable future. The same goes [...]
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Higher Oil Prices Help the Loonie in Currency Trading
April 13, 2011Canadian dollar resumes climb against U.S. dollar in forex trading Higher oil prices are helping to support the loonie today in currency trading. One of Canada’s biggest exports (especially to the U.S.) is oil, and the higher prices are bolstering the loonie. With commodities in general rising, pressure on the U.S. dollar is to be [...]