UWC Currency - page 12
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11.01.11
The Eur/Usd is consolidating little by little and approaching a new high level around the area of 1.2950.
Gold together with main metals were supported by positive Euro movements today. Based on Euro recovery the principal metals turn to its upside. The interest for safe-haven assets is still very high.
Because of the weak US dollar, the oil contacts were higher today.
At the beginning of the day USD/JPY was up and first demonstrated stable rising but then dropped below its support level at 83.00.
The GBP/USD turned to upward today regaining after Monday's losses and reaching a new high level. Currently the pair is trading next to 1.5570 area.
17.01.11
The Euro started this week at lower points as it was during the last week. The Euro dropped against the principal currencies. The Eur/Usd fell below 1.3320.
Currently the pair consolidated after today's losses and is trading above 1.3300.
Due to European countries fears and uncertain situation, the gold was lower today in the morning. This trend has been fixed before the summit of Eurozone Ministers.
The GBP/USD skyrockets and reaches new high next to 1.5930. After a while during the day, the pair bounced and currently is quoted near 1.5905.
Today the USD/JPY demonstrates downside and fixing its positions below 83.00 by reaching los session levels.
Market update - 17.08.2011
Eurobond is not
at agenda for now
Merkel and Sarkozy yesterday agreed on stronger financial and fiscal bilateral co-ordination, but stopped short of
introducing the Eurobonds many observers had hoped for. The markets reacted negatively. Dow and Nasdaq fell
on continued debt crisis fears in Europe. Shanghai was up, but other Asian markets ended flat. Europe is set to open
down. US futures are slightly up.
Dollar is gaining ground against EURO trading at 1.4385. Gold is close to all time high on 1785 while
oil prices are steady on Brent USD 109 levels. Swiss franc is down fourth day in row following Central
Bank intervention and rumours that Swiss authorities want to see the Franc pegged to EURO.