Strong car sales last month in Germany and Spain spurred a third consecutive day of gains on Friday for Brent crude oil futures, Bloomberg reports.
Strong U.S. job market data pushed up the greenback on Thursday against the Japanese yen and the common currency of the European Union, providing a brighter outlook for prospects of the world's largest economy, according to Bloomberg. Unemployment benefit applications sank to their lowest in well more than five years and the jobless rate fell to… Read more.
The Japanese yen and additional safe-haven currencies lost value on Thursday in the aftermath of a stronger-than-anticipated bond auction in Spain, Bloomberg reports. German lawmakers, representing the strongest economy in the euro region, issued approval for the emergency bailout aid tranche to Cyprus, which also tugged down the Japanese yen. The currency of the Pacific… Read more.
The strength of the U.S. dollar pressured gold futures downward on Tuesday as the yellowish metal dove lower than the milestone price of $1,600 per troy ounce, according to Reuters. Piggybacking on gold's slump were silver futures, which plunged to their lowest value since the middle of August of last year. Losses to gold on Tuesday… Read more.
The June Gold is going through a short-term bearish cycle which is unusual with the monetary policies in place by the US, Bank of Japan and the European Central Bank. The Gold is stuck in a range still as it needs to penetrate $1620.00 to gain any traction. Traders and investors alike may be allocating… Read more.
Uplifting sentiment about economic prospects helped the common currency of the European Union climb on Thursday to its 14-month high against the U.S. dollar as the European Central Bank convenes its monthly policy meeting, Bloomberg reports. Following political scandal in Italy and Spain, two of the 17-nation bloc’s larger economies, concerns are overt regarding the… Read more.
Gold futures rose slightly on Wednesday after having kicked off the trading session with a downward dive, according to Reuters. Increased concerns about the economy of the euro zone were pinching stocks and policy makers were set to convene a policy meeting this week, which also is likely to impact the price of the yellowish… Read more.
Caution ahead of the central bank of Europe meeting on Thursday tugged down the value of the Canadian dollar on Wednesday, according to Reuters. The government of the northern nation was preparing to release employment data from the month of January, which is likely to impact the performance of the currency as well. But high… Read more.
Wednesday saw the shared currency of the European Union slide toward its lowest value in seven days against the U.S. dollar as European Central Bank policy makers prepared to convene for Thursday meetings in the face of regional scandal, Bloomberg reports. As policy makers prepare to meet, anticipation is mounting for Italian elections scheduled for… Read more.
Cautious investors eyeing political tumult in the euro zone prompted copper futures to lose value on Tuesday, according to Reuters. Italy and Spain, the third- and fourth-largest economies of the 17-nation bloc, are reeling from political scandals. But losses to the reddish metal were tempered by increased confidence for the health of the global economy… Read more.