Gold prices saw a bright day

[gnutrade.satya]

The euro rose to an eight-week high

The euro rose to an eight-week high on increasing optimism that Europe can defuse its debt crisis, but equities fell on poor US housing data and bank earnings, while a rally in commodities faded.The dollar fell 0.1 percent to 82.62 yen. The dollar recovered from a 2-1/2-year low of 0.9837 Canadian dollars.

 

[gnutrade.satya]

US bonds raised again

The debt prices fell as an upcoming auction this week is more appealing to potential buyers according to traders. The chief fixed income techinical strategist at Jefferies & Co., John Spinello from New York, said: "Yield curve flattening action should be viewed as corrective with supply coming in the so-called belly of the curve. The move toward the upper end of the yield range should attract underinvested players."An auction worth $99 billion of notes would be done over three days as the Federal Reserve meets. The government will sell $35 billion of two year notes tomorrow, another $35 billion of five-year debt on January 26th and on January 27th $29 billion in seven year notes.

 

[gnutrade.satya]

The euro maintained it's strong stand against the dollar

The euro maintained it's strong stand against the dollar,as investors continued to trade in risky assets. Michael Woolfolk, strategist at BNY Mellon, shared his views on how investors are supporting the euro. He said: "More generally, investor optimism about euro-zone policy makers' determination to continue working toward enhancing the European Financial Stability Facility and finding a longer term resolution to the region's sovereign debt crisis remains in place."The euro traded at $1.3649. The euro traded at 112.56 against the yen.

 

[gnutrade.satya]

The European stocks namely CAC and DAX rose

The European stocks namely CAC and DAX rose after US consumer confidence rose in January.But later during the day the FTSE fell taking the DAX and CAC lower after Britain's GDP numbers fell to 0.5 percent. Manoj Ladwa, senior trader at ETX Capital, elaborated on the news and said: Everyone is on the back foot given the GDP numbers earlier, which has certainly capped any upside for the market. There doesn't seem to be much in the way of fresh buyers around which begs the question where is the new wave of buying going to come from.

 

[chaitanyagoa]

Re: The European stocks namely CAC and DAX rose

hey Short Dax with a stop loss of 7200.. i will post the charts later .. once i download the data....:thumb:

 

[gnutrade.satya]

Crude Oil for for March delivery rose

Unlike Tuesday's oil , Wednesday saw oil rally above $87 a barrel after President Barack Obama's statement calling for lower corporate taxes. Phil Flynn, analyst at PFGBest Research in Chicago, said: Prices are holding and part of that may be due to the fact that President Obama, in his State of the Union message, had struck a generally pro-business stance.Oil for for March delivery rose $1.32 to settle at $87.33 a barrel.

 

[gnutrade.satya]

Commodity market Crude oil prices rose again

Oil rose the most as investors grew concerned as Egypt faces protests, keeping investors speculation on high that the protests may spread to other oil producing countries in the Middle East. John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, said: If this can happen in Egypt, there is no reason that it cant occur in Libya or Saudi Arabia.Oil for for March delivery rose $3.70 to settle at $89.34 a barrel.

 

[shyam.trivedi]

Re: Commodity market Crude oil prices rose again

It means the prices in the market will rise again within few months.

 

[gnutrade.satya]

Markets in Europe rose initially,but later fell down

The last day of January, markets in Europe rose initially , but later fell as unrest in Egypt kept investors risk averse.Klaus Wiener, chief economist at Generali Investments, said: People will continue to watch what's happening in Egypt, but I think the market takes this as an excuse after a long rally to do some profit taking. If we have a correction here, there are a lot of investors still on the sidelines who know that many analysts think that equities will be the best performing asset class in 2011. The global growth momentum is quite solid and that helps companies with the earnings."

 

[gnutrade.satya]

Gold fell,after good US factory and spending data with fading Euro Zone debt crisis

Gold fell yesterday, after good US factory and spending data along with fading Euro Zone debt crisis concerns, kept investors away from the metal. Despite gold being a safe haven it attracted very few investors, but experts feel that in the long run people will flock towards gold for it's safe haven quality. James Dailey, portfolio manager of the TEAM Asset Strategy Fund, said: Today's decline is just a blip on the radar. The de-risking trade that we seen and is going to reassert itself.