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Futures Market News - October 2011
- One method to water down yen is invest in EFSF: [2011 Oct 30 12:50 PM] The dire straits that Europe finds itself in just might represent the perfect opportunity for Japan to draw down the strength of its monetary unit after repeated intervention has not done the trick. Read more
- Copper futures coming off strong week: [2011 Oct 30 10:02 AM] As copper futures closed their biggest rally in three decades this past Friday, investors, traders and analysts viewed the bullish performance not as the last hurrah but noting another will not occur for some time. Read more
- Loonie's lift against greenback propelled by debt deal: [2011 Oct 29 04:56 PM] The Canadian dollar this week is aiming to prolong its longest weekly gains streak against the U.S. dollar, capitalizing on euro zone leaders' agreement last week to confront the sovereign debt crisis. Read more
- Trichet says debt crisis not over during likely final media interview while ECB president: [2011 Oct 29 04:11 PM] The euro zone's struggle with the sovereign debt crisis by no means is done but instead it requires more work, departing European Central Bank chief Jean-Claude Trichet told a German newspaper during an interview. Read more
- Loonie falls as luster, enthusiasm drop about euro zone debt deal: [2011 Oct 28 04:31 PM] Friday saw the Canadian dollar drop in value one day after performing strongly on the back of the euro zone debt deal's announcement prompted a bullish market atmosophere. Read more
- Dollar's climb pulls down gold prices: [2011 Oct 28 10:27 AM] Friday saw gold futures edge downward in value as the debt deal finalized in Brussels lost some luster while the U.S. dollar gained in value. Read more
- Copper futures drive higher in afterglow of euro zone debt deal: [2011 Oct 27 05:19 PM] Euro zone leaders' accord to widen the bailout fund that will isolate the sovereign debt scourge helped push copper futures toward a weekly rally. Read more
- Calls to intervene answered: Japan votes to reduce yen's strength: [2011 Oct 27 05:02 PM] Thursday saw policy makers with the Bank of Japan vote to purchase additional bonds as a measure of watering down the Pacific Rim nation's monetary unit. Read more
- Crude oil futures rise to highest levels since July: [2011 Oct 27 04:11 PM] Crude oil futures shot to their highest value in nearly 90 days amid economic data indicating the strongest U.S. economic growth in 12 months and progress with the sovereign debt crisis in the euro zone. Read more
- Australian mint strikes gold coin weighing one metric ton: [2011 Oct 27 02:33 PM] The Perth Mint in Australia holds the distinct honor of striking the world's largest and most valuable gold coin, the 1 Tonne Gold Kangaroo Coin. Read more
- Propelled by debt deal, euro climbs against dollar: [2011 Oct 27 11:48 AM] The European Union's single currency hurtled to its top value since early last month on Thursday, driven by euro zone officials' accord about enhancing the emergency fund to relax pressure on nations beneath the scepter of the sovereign debt crisis. Read more
- Loonie drives higher, pushed by debt deal, U.S. GDP data: [2011 Oct 27 10:42 AM] The monetary unit of Canada drove beyond parity with its southerly rival on Thursday, prompted by euro zone leaders' achievements with a debt deal and economic data from the U.S. Read more
- Gold futures edge up amid success in Brussels: [2011 Oct 27 07:44 AM] Euro zone leaders and economic and financial officials and international regulators on Wednesday hashed out a plan to confront the sovereign debt crisis as gold prices fluctuated on Thursday morning. Read more
- Reduced Q3 growth pulls down Aussie against greenback: [2011 Oct 26 12:15 PM] Wednesday saw the monetary unit of Australia fall in value to the U.S. dollar for a second consecutive day as worries widened about tumult with meetings to address the sovereign debt crisis in Brussels. Read more
- Silver futures follow gold's climb: [2011 Oct 26 09:07 AM] Wednesday saw silver futures climb higher as the volatile metal tracked the higher drive of gold futures. Read more
- Gold futures lift beyond milestone price of $1,700 per troy ounce: [2011 Oct 26 08:18 AM] Wednesday saw gold futures return once again to prices north of the psychological value of $1,700 per troy ounce, pushed up in value by deepening concerns about what may come of today's European Union summit devoid of finance minister attendance. Read more
- Anticipation for Brussels summit pulls down pound against euro: [2011 Oct 26 07:47 AM] Three consecutive days of English pound gains against the European Union's single currency ended Wednesday. Read more
- Coffee futures drop after strong performance as investors eye euro zone leaders: [2011 Oct 25 12:25 PM] Coffee futures were diving hard on Tuesday, backing off their highest values in 30 days as investors and traders became jittery in anticipation of Wednesday's euro zone meeting to put the final touches on the region's emergency bailout fund. Read more
- Gold prices gain amid progress with EFSF: [2011 Oct 25 08:21 AM] Optimism about leaders in the euro zone putting the final touches on a fund to restrict the sovereign debt crisis from infecting additional nations pushed up the price of gold on Tuesday. Read more
- Euro hovers near highest value since mid-September against the dollar: [2011 Oct 25 07:41 AM] Optimism about activating the fund to assist euro zone nations suffering under the shadow of the sovereign debt crisis kept the single currency of the European Union near its top price since mid September against the U.S. dollar. Read more
- Crude oil futures climb as oil-rich Libya prepares to resume drilling: [2011 Oct 24 05:00 PM] Crude oil futures increased to their highest levels in 60 days amid surveys indicating U.S. inventories dropped. Read more
- Copper futures capitalize on Chinese manufacturing uptick, euro zone optimism: [2011 Oct 24 04:46 PM] Copper futures gained in value on Monday the most in 36 months, driven by euro zone nations' administrations approaching ever closer to getting a handle on the sovereign debt crisis. Read more
- Ivory Coast to increase gold production: [2011 Oct 24 02:57 PM] The Ivory Coast is aiming to augment the production of gold. Read more
- Chinese manufacturing, optimism about euro zone debt drive loonie against dollar: [2011 Oct 24 02:32 PM] Monday saw the Canadian dollar achieve a third consecutive day of gains against the U.S. dollar. Read more
- Euro projected to gain in value: [2011 Oct 24 12:59 PM] The single currency of the European Union is on the upswing, foreign-exchange strategists forecast. Read more
- Bullion climbs amid continued struggles fighting euro zone debt: [2011 Oct 24 10:15 AM] Monday saw gold futures driving higher in price amid doubts about officials in the euro zone doing enough to control the debt scourge compromising the integrity of regional banks and public finance systems. Read more
- Sugar set for a major drop with record crops: [2011 Oct 21 12:25 PM] Traders expect to see a major drop in sugar futures in coming weeks as the market prepares for a glut of the soft commodity. Read more
- Copper in flux as economic uncertainty reigns: [2011 Oct 21 12:20 PM] Copper saw a steep decline on Thursday as mounting economic concerns around the globe raised worries about demand. Read more
- Measured optimism for the euro ahead of talks: [2011 Oct 21 10:56 AM] Growing optimism in talks about the European debt crisis continue to bolster the region's common currency, though uncertainty remains. Read more
- Silver futures could gain on Europe: [2011 Oct 20 12:08 PM] The market for silver futures could see a rebound in coming weeks on the back of the recent agreement in Europe. Read more
- Gadhafi killed in Libya as civil war draws to a close: [2011 Oct 20 12:06 PM] Colonel Muammar Gadhafi, the longtime dictator of Libya, was killed during fighting in his hometown of Sirte. Read more
- Iron ore could continue slump: [2011 Oct 20 10:42 AM] The industrial commodities market continues to stagger as uncertainty in the global economy persists and conditions could push already low iron prices down even further. Read more
- Oil gains as Europe releases draft resolution: [2011 Oct 20 10:41 AM] Growing optimism in the talks between European leaders has given a boost to oil futures, as worries about the region's economic future subside. Read more
- Sugar futures slip amid delays in Thailand: [2011 Oct 19 10:42 AM] Sugar is flooding the market but the sweetener will run into difficulty penetrating the European Union due to trade barriers 48 hours after notching its top price in 30 days. Read more
- Uncertainty in the euro zone likely to pull down gold futures: [2011 Oct 19 07:19 AM] A third straight day of losses awaits gold futures on Wednesday as investor demand for the precious metal as storage will decrease after a British newspaper reported Germany and France are nearing an accord to boost the size of the regional rescue fund. Read more
- Euro climbs against greenback after English newspaper publishes report about rescue fund: [2011 Oct 18 04:47 PM] The single currency of the European Union recouped some losses Tuesday against the U.S. dollar. Read more
- Crude oil, loonie gain value: [2011 Oct 18 03:15 PM] The monetary unit of natural resource rich Canada performed strongly on Tuesday, following the path set by its top commodity. Read more
- Bank of England governor set to speak as pound slips: [2011 Oct 18 11:27 AM] The English pound slipped in value Tuesday, following the downward trend set by stock prices as inflation accelerated in the U.K. Read more
- Lower Chinese growth, France on notice pull down oil futures: [2011 Oct 18 10:26 AM] Oil futures were driving lower in price for a second consecutive day on Tuesday, reduced by reports about the globe's second-largest economy developing at its slowest pace since 2009. Read more
- Gold futures fall with majority of commodity complex: [2011 Oct 18 09:16 AM] Gold futures dropped in value Tuesday while the majority of other tradable commodities also dove. Read more
- Copper futures lose value amid slumping Chinese economic data: [2011 Oct 18 07:57 AM] Economic growth falling to its slowest pace in 24 months in the top copper demanding nation reduced the price of the industrial metal's futures. Read more
- Euro pinched by warning to France is beneficial dollar: [2011 Oct 18 07:29 AM] France being put on notice that a credit ratings agency is closely watching it drove the U.S. dollar higher in value against the shared currency of the European Union on Tuesday. Read more
- Gold futures ebb, flow with Europe's inconsistent fight against debt : [2011 Oct 17 03:41 PM] Monday saw gold futures kick off the week on the upswing but as the day continued developing the precious metal slumped. Read more
- Aussie, kiwi kick off week with drops in value: [2011 Oct 17 08:59 AM] South Pacific currencies dropped in value Monday, the first trading session following the Group of 20 meetings' adjournment in Paris after two days of meeting ended on Saturday. Read more
- Gold futures increase amid hesitancy in euro zone: [2011 Oct 17 06:02 AM] Gold futures were driving higher Monday morning, riding concerns about the sovereign debt crisis tearing through the euro zone. Read more
- G-20 meeting attendees' support for resolving Greek debt scourge pulls down yen: [2011 Oct 17 05:48 AM] Officials with Group of 20 nations at the summit in France lent support to plans to resolve the sovereign debt crisis, which pulled down the Japanese yen. Read more
- Crude oil futures gain amid optimism for G-20 meetings in Paris: [2011 Oct 14 03:23 PM] Efforts to resolve the euro zone's debt crisis by Group of 20 finance ministers meeting in Paris drove crude oil futures to their highest price in 21 days. Read more
- Cattle futures climb amid demand pressuring reduced inventories: [2011 Oct 14 02:43 PM] Friday saw cattle futures set record highs for the second time thus far this month, propelled by indications of increasing demand that will draw from limited supplies. Read more
- Cocoa's future to be impacted by climate change, nonprofit states: [2011 Oct 14 11:24 AM] Climate change is a serious threat to the future of cocoa because the West African nations that lead production of the soft commodity will see their average temperature is projected to rise two degrees Celsius in less than 40 years, according to an agricultural nonprofit. Read more
- Gold futures drive toward best weekly performance in one month: [2011 Oct 14 07:05 AM] Friday saw gold futures hurtling toward their biggest weekly advance in one month. Read more
- IMF, G-20 officials set to meet in Paris: [2011 Oct 14 05:49 AM] Officials with the Group of 20 nations and the International Monetary Fund are set to convene Friday for two days of meetings in Paris to discuss methods of controlling the sovereign debt crisis. Read more
- Copper futures slip amid reduced demand from China: [2011 Oct 13 07:02 AM] Chinese supplies of copper inventories soared to record amounts of 1.9 million tons in the end of 2010. Read more
- Oil futures drop as Chinese, U.S. demand slips: [2011 Oct 13 06:48 AM] Slowing demand for fuel from the U.S. and the reduced pace of imports of the energy commodity from China pushed down crude oil futures on Thursday. Read more
- Gold futures drop amid lower Chinese export data for September: [2011 Oct 13 05:33 AM] Thursday saw gold futures drop in price, pushed down by Chinese export data from last month being lower than anticipated and at the weakest level in seven months. Read more
- Cotton futures dip after U.S. forecasts increased harvest: [2011 Oct 12 04:15 PM] Increased crop forecasts pushed down cotton futures their highest amount in nearly 21 days of trading on Wednesday. Read more
- Bullion drives higher as Slovakia holds up debt recovery: [2011 Oct 12 05:23 AM] Wednesday kicked off with gold futures climbing in price, driven by concerns about the sovereign debt crisis in the euro zone and the one member of the European Union that would not vote to support expansion of the European Financial Stability Facility. Read more
- Copper futures hinge on global development data: [2011 Oct 11 11:04 AM] Worries about the world economy continuing to suffer have pushed copper futures to their lowest drop in one week of trading sessions. Read more
- Cocoa futures set to rebound from 7.3 percent losses during past month: [2011 Oct 11 06:40 AM] Cocoa futures increased Tuesday amid conjectures that the soft commodity's losses of more than 7 percent in value during the past month were overdone. Read more
- Gold futures dive as Slovakian dispute delays vote: [2011 Oct 11 06:11 AM] Tuesday saw gold futures slip in value as the rosie outlook for Germany and France stepping forward to control the debt crisis attacking Europe faded while one of the euro-zone nations could not cast an important vote. Read more
- Swiss franc's performance differs following German, French leaders' summit: [2011 Oct 10 07:30 PM] German Chancellor Angela Merkel and French President Nicolas Sarkozy agreeing to pursue significant improvements to the economic state of the euro zone influenced the Swiss franc's market performance on Monday. Read more
- Gold futures drive higher as euro zone leaders commit to challenge debt: [2011 Oct 10 08:03 AM] Gold futures were gaining value Monday morning, propelled by the commitment of the leaders of Germany and France to fortify euro zone banks and aggressively confront the sovereign debt scourge by the end of the month. Read more
- Italy, Spain and U.K. banks suffer rating cuts as euro drops: [2011 Oct 07 03:43 PM] Credit rating services' reductions to three euro zone nations pulled down the value of the 17-nation single currency on Friday, serving as a blunt, bleak reminder of the infectious contagion of the sovereign debt crisis. Read more
- Copper futures climb amid speculation China set to rebuild supply: [2011 Oct 07 02:46 PM] With copper futures at their lowest price in one year, speculation is mounting among traders, analysts and other industry insiders regarding intentions of the globe's top consumer to increase its inventory. Read more
- Gold set to continue gaining value next year, another financial firm predicts: [2011 Oct 07 06:42 AM] The commodity complex's top-performing futures in 2012 will be gold, according to a high-flying investment house that falls in line with counterpart firms that also endorse the strength of bullion next year. Read more
- Gold futures drive toward halting four straight weekly losses: [2011 Oct 07 05:21 AM] Gold futures pushed up in value Friday, marking the second consecutive session of gains as the precious metal drives toward its largest weekly advance since last month. Read more
- Crude oil fluctuates in price amid economic stimuli: [2011 Oct 06 11:19 AM] Crude oil futures were fluctuating in value on Thursday following economic data in the U.S. stating jobless claims grew, European Central Bank officials kicking off an economy-growing stimuli and a strengthening U.S. dollar. Read more
- ECB leaves interest rates intact, prompts euro's loss: [2011 Oct 06 08:10 AM] The shared currency of the European Union lost value Thursday following the European Central Bank deciding to leave interest rates unchanged. Read more
- Investor, jeweler demand pushes up gold futures: [2011 Oct 06 06:46 AM] Thursday saw gold futures increase in value amid investment demand for bullion at lower prices. Read more
- Gold futures drop as investors eye equities: [2011 Oct 05 05:41 AM] Continued focus on the damaging sovereign debt crisis tearing through the euro zone drove gold futures down in value on Wednesday. Read more
- Euro falls after Italy endures Moody's downgrade: [2011 Oct 05 05:04 AM] The reduction of a euro zone nation's credit rating pulled down the value of the common currency of the European Union on Wednesday against the U.S. dollar and the Japanese yen. Read more
- Crude oil futures drop amid low confidence for economies: [2011 Oct 04 05:17 PM] Investors' waning confidence in the economies of the U.S. and Europe helped push crude oil futures to their lowest value in eight months on Tuesday. Read more
- Japanese finance minister prods euro zone leaders to aid Greece: [2011 Oct 04 04:35 PM] Japan's finance minister told reporters on Tuesday that officials in the euro zone should move deliberately to rescue Greece from its imminent default out of consideration for the integrity of the global economy. Read more
- Mexican peso halts four days of losses to greenback: [2011 Oct 04 03:34 PM] Latin America's most traded currency ended a four-day bearish trend against the U.S. dollar on Tuesday. Read more
- Credit Suisse increases gold forecasts: [2011 Oct 04 11:50 AM] The remainder of this year and all of next year will see gold futures achieve higher prices than originally forecast by Credit Suisse bank, the international bank announced on Tuesday. Read more
- Palladium, platinum attract investors' attention: [2011 Oct 04 09:28 AM] Two alternative precious metals that have gained in value during the past few years have emerged has stellar investments. Read more
- Euro loses value as regional bank suffers from exposure to Greek debt: [2011 Oct 04 08:08 AM] The 17-nation monetary unit of the European Union dropped on Tuesday to its lowest values in nine months to the U.S. and in 10 years to the Japanese yen. Read more
- Debt in Greece likely to drive gold futures: [2011 Oct 04 07:16 AM] Tuesday saw gold futures rise in value amid additional concerns about Greece's navigation through the sovereign debt debacle. Read more
- Japanese yen's strength pushes carmaker plants overseas: [2011 Oct 03 11:32 AM] The increasing strength of the Japanese yen has prompted automaker Toyota to establish a site for the manufacture of a popular model in Kentucky. Read more
- Euro dives as Greek tragedy continues: [2011 Oct 03 10:59 AM] The prospect of Greece defaulting dragged down the value of the euro to its lowest price in eight months against the U.S. dollar. Read more
- Loonie continues suffering from Greece's debt troubles: [2011 Oct 03 09:04 AM] Canada's currency began the first day of the final quarter of 2011 by touching its lowest value ever against the U.S. dollar. Read more
- Gold futures drive higher for third consecutive session: [2011 Oct 03 07:11 AM] Gold futures were on the upswing on Monday morning, pushing toward a third consecutive day of gains on the first trading day of October. Read more






