Daniels Trading is nonpartisan and does not endorse political candidates. The purpose of this blog post is to provide objective, unbiased information on what we believe could happen in the markets. The content is not intended to convey a preference or state a position in support of any candidate, and the sentiments expressed do not… Read more.
West Texas Intermediate crude oil futures on Thursday were dropping after Chairman Ben Bernanke with the U.S. Federal Reserve said stimulus measures might close by the end of this year, Bloomberg reports.
The U.S. dollar on Thursday performed strongly on foreign exchange markets as a consequence of the U.S. Federal Reserve chairman noting it is aiming to close monetary stimulus measures by the end of this year, Bloomberg reports.
Soft commodities were slumping on Thursday in the aftermath of the chairman of the U.S. Federal Reserve noting the body is aiming to cease economy-spurring stimulus measures by the end of the year, according to Bloomberg.
The U.S. central bank chief noting on Wednesday afternoon that stimulus measures might close by the end of this year tugged down the South Korean won on Thursday as the monetary unit plunged near its 11-month trough against the U.S. dollar, Bloomberg reports.
The Australian dollar on Thursday dove toward its lowest value in three years against the world’s reserve currency following activity by the central banks of the South Pacific nation and the globe’s largest economy, Bloomberg reports.
West Texas Intermediate crude oil futures on Wednesday were diving after the U.S. Energy Department noted that inventories of the energy commodity strengthened last week, Bloomberg reports.
The spoken words of the leaders of the central banks of Canada and the U.S. on Wednesday are likely to impact the value of the Canadian dollar, according to published reports.
The Japanese yen on Wednesday ceased two consecutive trading sessions of losses against the U.S. dollar as chairman Ben Bernanke with the U.S. Federal Reserve prepares to address reporters following two days of policy meetings, Bloomberg reports.
The gold market should be in demand as a hard currency, but it simply has been pressured by the allocations from investors spreading into the Stock Indexes and many other products. The strength of the US Dollar puts pressure on the gold market while the tapering of the quantitative easing should increase the strength of… Read more.