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

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22 comments:

  1. ChefJRHMarch 9, 2011 at 3:19 PM

    Good information to know as always! Thanks!

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  2. GenericMarch 9, 2011 at 6:18 PM

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

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  3. zabuzarMarch 9, 2011 at 6:37 PM

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

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  4. ChrisMarch 9, 2011 at 7:05 PM

    I noticed copper is at an 11-weeks low.

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  5. Jessica ThompsonMarch 9, 2011 at 7:06 PM

    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. edMarch 9, 2011 at 7:16 PM

    Europe markets are really slacking

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  7. Aaron M. GipsonMarch 9, 2011 at 7:16 PM

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

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  8. The Awesome AlienMarch 9, 2011 at 8:01 PM

    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. theonebloggerMarch 9, 2011 at 9:55 PM

    pretty interesting studff

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  10. Lendo KharMarch 9, 2011 at 10:14 PM

    Thanks for keeping us informed ;D

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  11. Noah VawterMarch 9, 2011 at 10:28 PM

    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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  12. UnknownMarch 10, 2011 at 12:39 AM

    its an up and down those days

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  13. SpikeMarch 10, 2011 at 4:16 AM

    thanks againf

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  14. Patti D.March 10, 2011 at 5:12 AM

    things look steady

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  15. obiMarch 10, 2011 at 6:48 AM

    cool post very helpful.

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  16. Daniel AndradeMarch 10, 2011 at 12:39 PM

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

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  17. PorfirioMarch 10, 2011 at 4:39 PM

    makin money on the market!

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  18. AnonymousMarch 10, 2011 at 4:41 PM

    I want the GBP to be stronger

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  19. MattMarch 10, 2011 at 5:50 PM

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

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  20. Eric PMarch 10, 2011 at 7:47 PM

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

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  21. Chris C.March 10, 2011 at 9:35 PM

    Thanks for keeping us up to date.

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  22. soundboy1March 11, 2011 at 9:15 PM

    so is Obama doing good or bad?

    ReplyDelete

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