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Data Lifted The EuroTitle:
U.S. oil rallies, Brent pares gain in spread trade
(Reuters) - Brent pared gains on Tuesday after rising above $117 per barrel to push its premium to U.S. crude above $20 a barrel, triggering profit taking and helping U.S. crude recover and rally.
Fears that Iran would stop exports to the European Union in advance of the EU's embargo set for July, along with Europe's severe cold snap, had lifted Brent despite concerns Greece's debt crisis would result in curbed economic growth.
U.S. crude had been weighed down by rising domestic stocks and ...
Title:
Gold rebounds as draft Greek deal lifts euro
(Reuters) - Gold prices bounced back into positive territory on Tuesday, paring earlier losses in line with a rallying euro after a Greek official said the government is drafting an agreement on a second bailout.
Spot gold was up 0.3 percent at $1,723.89 an ounce at 1502 GMT (10:02 a.m. EST), having earlier fallen as low as $1,709.29 an ounce, while U.S. gold futures for February delivery were up $1.70 at $1,726.60.
A Greek government official said Greece's government is preparing the text of ...
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Gold eases towards $1,710/oz
(Reuters) - Gold prices eased towards $1,710 an ounce on Tuesday in line with a softening euro as traders awaited a breakthrough on talks over a second bailout deal for Greece, with its leaders fighting to avoid a chaotic debt default.
Spot gold eased 0.4 percent to $1,712.79 an ounce at 1210 GMT (7:10 a.m. EST), while U.S. gold futures for February delivery were down $10.20 at $1,714.70.
While a retreat in stock markets and the euro kept gold under pressure on Tuesday, the precious metal ...
Title:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
Title:
Greek uncertainty undermines euro, dollar firm
(Reuters) - The euro fell on Monday on mounting investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout, keeping alive the risk of a messy default that could ensnare other countries such as Portugal.
Greece's coalition members must agree to painful terms of a new bailout worth 130 billion euros before euro zone finance ministers next meet, with a Greek government official denying that there was a deadline for the parties to respond to.
A spokesman of the ...
Title:
Greek uncertainty undermines euro, dollar firm
(Reuters) - The euro fell on Monday on mounting investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout, keeping alive the risk of a messy default that could ensnare other countries such as Portugal.
Greece's coalition members must agree to painful terms of a new bailout worth 130 billion euros before euro zone finance ministers next meet, with a Greek government official denying that there was a deadline for the parties to respond to.
A spokesman of the ...
Title:
Greek uncertainty pushes down euro as deadline nears
(Reuters) - The euro fell broadly on Monday on investor concern that Greek coalition parties had yet to sign off on the terms of a new bailout with a deadline imminent, keeping alive the risk of a messy default which could rock the currency bloc.
Greece's coalition members must tell the European Union by noon on Monday (5 a.m. ET) whether they accept the painful terms of a new bailout worth 130 billion euros, with euro zone ministers postponing a meeting planned for Monday due to the delay in ...
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SunBirdFX Daily Market Analysis : 02/06/2012
www.sunbirdfx.com
The US stock markets closed another amazing week of risings on the background of the best unemployment rate in 3 years, which pushed the markets up. The US economy created 243K new jobs, whereas analysts' expectations were a growth of 150K new jobs. This reduced the unemployment rate from 8.5% to 8.3%, mainly because many job seekers compromised on part-time jobs, but it is still an encouraging data regarding the largest economy.
In Europe, the Greek problems is not solved ...
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Gold retreats towards $1,750 after U.S. data
Gold prices slipped on Friday, surrendering gains that earlier took the precious metal to an 11-week high, after better-than-expected U.S. payrolls data lifted the dollar and called into question the prospect of further U.S. quantitative easing.
Expectations that U.S. monetary policy will remain ultra-loose have boosted investors' appetite for bullion this year, lifting prices 12 percent since end December.
Spot gold was at $1,750.29 an ounce at 1409 GMT, down 0.5 percent, having earlier ...
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