FOREXYARD: Forex News Blog | |
| Posted: 21 Nov 2012 01:46 AM PST
Hey Everyone, Below are some market trends for today. Good luck! -Dan Gold- May see an upward correction today Silver- May see an upward correction today Crude Oil- May see an upward correction today Dax 30- May see a downward correction today EUR/USD May see an upward correction today Read more forex news on our forex blog |
| Posted: 21 Nov 2012 01:43 AM PST
The euro tumbled more than 60 pips against the US dollar during overnight trading, after euro-zone finance ministers failed to agree on terms to provide Greece with a new round of bailout funds. The EUR/USD traded as low as 1.2735 before bouncing back to its current rate of 1.2762. The USD/JPY hit a fresh 7 ½ month during Asian trading amid speculations that the Bank of Japan will initiate a new round of quantitative easing next month following Japanese election. After trading as high as 82.10, the pair saw a slight downward correction and is currently stable at the 82.00 level. After falling by more than $2 a barrel yesterday, the price of crude oil stabilized last night after it became clear that cease fire talks between Israel and Hamas had failed to produce any concrete results. Main News for Today US Unemployment Claims- 13:30 GMT US Crude Oil Inventories- 15:30 GMT Read more forex news on our forex blog |
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