Friday saw the Canadian dollar sink to its lowest rate in two weeks against the world's reserve currency as a consequence of poor economic data in the U.S. and Canada, Bloomberg reports. The first month of the final quarter of the year saw economic expansion in Canada amount to only 0.1 percent, which was underwhelming… Read more.
Friday saw the common currency of the European Union slip against the world's reserve currency as a consequence of yet another snag arising on the U.S. political landscape as the nation's leaders encounter additional trouble in the effort to resolve the fiscal cliff debacle, Reuters reports. The back-up plan proffered by Speaker of the House… Read more.
Stronger than forecast economic growth in the globe's top consumer pushed up crude oil futures for a fifth consecutive trading session on Thursday, according to Bloomberg. Marking its longest bullish streak in about three months, the energy commodity responded with an uptick to economic data released by the U.S. Department of Commerce stating that the… Read more.
U.S. political leaders struggling with fiscal cliff negotiations prompted the Australian dollar to sustain losses for the third straight day on Thursday, Bloomberg reports. Wayne Swan, treasurer of Australia, forecast no budget surplus is likely for 2012-2013, which drew down demand for the Aussie. The monetary unit of New Zealand dropped to its lowest level… Read more.
The bumpy road of fiscal cliff talks between U.S. political leaders pulled down copper futures for a fourth consecutive trading session on Thursday, according to Bloomberg. A White House spokesman said the back-up plan submitted by Speaker of the House John Boehner would impose too heavily on the middle class and also noted President Barack… Read more.
Crude oil futures gained on Wednesday as a consequence of the U.S. Department of Energy indicating inventories of the energy commodity fell last week, according to Bloomberg. Supplies of the energy commodity fell 964,000 barrels to 371.6 million barrels for week ended December 14, according to a report released on Wednesday by the federal department. … Read more.
An uplifting outlook about the prospect of U.S. political leaders reaching an agreement to avoid the perils of the fiscal cliff pushed up crude oil futures on Tuesday, according to Bloomberg. The energy commodity marked a third consecutive trading session of gains as President Barack Obama and Speaker of the House John Boehner were believed… Read more.
A brighter outlook about the likelihood of U.S. political leaders successfully staving off threats posed by the fiscal cliff helped push up gold futures on Tuesday, according to Bloomberg. The negotiations between President Barack Obama and Speaker of the House John Boehner as of late have seen markedly more progress as they work toward averting… Read more.
Tuesday saw the monetary unit of Canada lose value against the world's reserve currency as top political leaders in the U.S. were believed to be making significant progress toward an agreement to avoid damages of the fiscal cliff, Bloomberg reports. The Canadian dollar marked its top advance in five days on Monday against the U.S.… Read more.
Daniels Trading Senior Broker Kurt Pfafflin appeared live on FOX Business “Markets Now – The Trade with Sandra Smith” from the floor of the Chicago Board of Trade/CME to discuss how the Fiscal Cliff and recent hedge fund liquidations across commodity markets have affected prices and whether a bullish outlook for 2013 is still warranted.