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Analysts Warned That The EuroTitle:
Oil falls on dollar's rise, Wall Street pullback
(Reuters) - Oil prices fell on Wednesday, after six straight higher finishes, as the euro weakened against the dollar and U.S. equities on Wall Street pulled back from their recent rally.
The euro fell to an 11-month low against the U.S. dollar after support from a drop in short-term Italian borrowing costs faded in thin trading and traders eyed a sale of longer-term debt by the same country on Thursday.
Title:
Gold dips, economic growth prospects weigh
(Reuters) - Gold dipped on Wednesday, tracking industrial metals, on concerns about the prospects for global economic growth next year, but the precious metal came off earlier lows after a strong Italian debt sale eased stress in European markets.
Spot gold was down 0.4 percent at $1,590 an ounce at 1425 GMT. U.S. gold was off 0.5 percent to $1,586.90.
"Gold is a touch lower, it's to do with the fact that people are still taking profits from the small rebound we had after the early December sell off," VTB Capital analyst Andrey Kryuchenkov said.
"Gold is still tightly correlated with equities markets, but also risk aversion is not at the levels we saw in early August when gold de-coupled from everything else and traded with the dollar," he added.
Although gold traditionally has a safe- ...
Title:
Gold dips, tracks equities on Iran, euro zone worries
(Reuters) - Gold dipped on Wednesday, tracking industrial metals and equities, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines.
Latest data out of the United States sent mixed signals on the health of the world's largest economy. Improving labor market conditions lifted consumer confidence to an eight-month high in December, but persistently weak house prices remain an obstacle to faster economic growth.
Spot gold was down 0.1 percent at $1,590 an ounce at 1146 GMT. U.S. gold was off 0.14 percent to $1,592.80.
Iran's threat put world shares on the back foot, and industrial metals eased in thin holiday trade.
Title:
Gold dips, tracks equities on Iran, euro zone worries
(Reuters) - Gold dipped on Wednesday, tracking industrial metals and equities, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines.
Latest data out of the United States sent mixed signals on the health of the world's largest economy. Improving labor market conditions lifted consumer confidence to an eight-month high in December, but persistently weak house prices remain an obstacle to faster economic growth.
Spot gold was down 0.1 percent at $1,590 an ounce at 1146 GMT. U.S. gold was off 0.14 percent to $1,592.80.
Iran's threat put world shares on the back foot, and industrial metals eased in thin holiday trade.
Title:
Oil rises on Iran warning on Strait of Hormuz
(Reuters) - Oil rose for a sixth straight session on Tuesday as Iran's threat to stop oil moving through the Strait of Hormuz added to concerns about potential threats to supplies from the region.
Facing the possibility of more European Union sanctions by the end of January over its nuclear program, Iran's first vice-president warned that the flow of oil through the Gulf strait -- which includes crude from Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq -- would be stopped if foreign sanctions are imposed on Iran's oil exports.
Iran's warning added to concerns about potential threats to the region's oil exports, with recent violence in Iraq and unrest in Syria posing potential threats to shipments there.
Consumer confidence rose to an eight-month peak in December, ...
Title:
Dukascopy Afternoon Forex Overview : 26/12/2011
Fundamental Analysis
EUR
"The move in itself will not lead to any improvement in credit ratings"
- Scott Bugie, S&P's Managing Director
S&P top official warned Friday that record 489 billion euros allotted between 523 European banks by the ECB will not protect them from threatened rating downgrades.
USD
"All of the housing numbers have looked a lot better recently"
- Mark Vitner, a senior economist at Wells Fargo Securities LLC
Sales of new U.S. homes advanced to a seven month high in November, according to the data published by the Census Bureau. The number of new houses sold rose 1.6 per cent to an annualized rate of 315 thousand from 310 thousand in October.
GBP
"Households and businesses lack the confidence needed to seek credit for spending or investment"
- David Dooks, BBA ...
Title:
Dukascopy Morning Forex Overview : 26/12/2011
Fundamental Analysis
EUR
"The move in itself will not lead to any improvement in credit ratings"
- Scott Bugie, S&P's Managing Director
S&P top official warned Friday that record 489 billion euros allotted between 523 European banks by the ECB will not protect them from threatened rating downgrades.
USD
"All of the housing numbers have looked a lot better recently"
- Mark Vitner, a senior economist at Wells Fargo Securities LLC
Sales of new U.S. homes advanced to a seven month high in November, according to the data published by the Census Bureau. The number of new houses sold rose 1.6 per cent to an annualized rate of 315 thousand from 310 thousand in October.
GBP
"Households and businesses lack the confidence needed to seek credit for spending or investment"
- David Dooks, BBA ...
Title:
Euro little changed but vulnerable as markets wind down
The euro was little changed against the dollar on Friday, with further declines likely heading into the new year as the festering euro zone debt crisis spurs investors to shun risk.
A rise in new single-family homes to a seven-month high in November reported on Friday came on the heels of other signs of improvement in the U.S. economy on Friday and added to the dollar's allure at the euro's expense. Optimism on the U.S. economic recovery stands in sharp contrast to the doom felt in Europe as monetary and political authorities struggle to resolve the sovereign debt crisis and hold the euro zone together.
The data on home sales came a day after another promising report on initial jobless claims. Jobs and housing growth have been the two missing ingredients of the U.S. economic recovery.
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