Wednesday, March 9, 2011

EUR/USD 1,3908

Wall Street is mixed so far with the DOW rising 0.05% but the NASDAQ and the S&P 500 are losing 0.45% and 0.15% respectively. Markets in Europe finished in red: FTSE 100 -0.63%; CAC 40 -0.55% and DAX -0.46%. Crude oil is moving sideways around $105 a barrel (WTI) and gold is also rangebound, currently hovering around $1,430 an ounce.

Currencies are relatively calm, moving in ranges. EUR/USD and GBP/USD are struggling to hold above 1.3900 and 1.6200 respectively. The Yen is posting small gains for the American session supported by a rally in Treasuries. USD/CHF failed to rise above 0.9300 and is slowly approaching daily lows. Currencies tied to commodities retreated from the highs after Wall Street opening and since then are consolidating.

source: fxstreet.com

22 comments:

  1. Good information to know as always! Thanks!

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  2. Thanks for the info! Ill tweak my portfolio due to this post!

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  3. the british pound seems to be strugling to gain any value.

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  4. I noticed copper is at an 11-weeks low.

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  5. Yo man, you do a great job of analyzing. Sned me an email at ankmanpro@gmail.com, I'd love to chat with ya about the markets!

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  6. Europe markets are really slacking

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  7. I'm glad to see that the currency market finally chilled out a little bit today.

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  8. today i put 30 dollars of gas and got 7.71gl @ 3.89 arco gas in southern california crude is moving sideways

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  9. Thanks for keeping us informed ;D

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  10. Could you tell me how I could take advantage of this information? I mean... should I get some Euros from the bank or something? seems like that would absorb the profit, no? Is there another way, like a mutual fund I could invest in?

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  11. for the looking seems iwill need to w8 a bit longer =/

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  12. Wait for more Libyan news, and we'll see what that does to the price of oil.

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  13. Wow, USD and CHF have gotten really close...

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  14. Thanks for keeping us up to date.

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  15. so is Obama doing good or bad?

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