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Currencies

EUR/USD The euro climbed to $1.3009, the strongest since Oct. 31, before trading at $1.2990 as of 6:48 a.m. in London, 0.1 percent higher than the close in New York yesterday. It gained 0.4 percent to 106.86 yen. The yen weakened 0.2 percent to 82.26 per dollar after earlier rising as much as 0.3 percent.
GBP/USD Sterling fell 0.1 percent to $1.6011 at 4:09 p.m. London time after sliding to $1.5997. It traded at 80.96 pence per euro after earlier dropping to 81.10, the weakest level since 0ct. 24.The 10-year gilt yield fell one basis point, or 0.01 percentage point, to 1.84 percent, after sliding to 1.816 percent, the least since Nov. 20. The 1.75 percent bond due in September 2022 rose 0.07, or 70 pends per 1,000-pound face amount, to 99.24.
AUD/USD Australia’s dollar rose 0.1 percent to $1.0479 at 5:09 p.m. in Sydney after earlier touching $1.0490, the highest since Sept. 21. It gained 0.4 percent to 86.24 yen. New Zealand’s currency traded at 82.34 U.S. cents, 0.2 percent above its close at 82.18 in New York. It bought 67.76 yen from 67.45.

Commodities

GOLD Spot gold advanced as much as 0.2 percent to $1,751.80 an ounce and traded at $1,749.80 at 12:12 p.m. in Singapore. The metal reached $1,754.65 on Nov. 23, the most expensive since Oct. 15. Holdings in ETPs expanded to 2,606.974 metric tons yesterday, data compiled by Bloomberg show. Cash silver rose as much as 0.4 percent to $34.285 an ounce, the highest level since Oct. 11.
OIL Crude for January delivery gained as much as 36 cents to $88.10 a barrel in electronic trading on the New York Mercantile Exchange and was at $88.09 at 1:32 p.m. Singapore time. The contract decreased 54 cents yesterday to $87.74, the lowest since Nov. 21. Prices are down 11 percent this year.
Brent for January settlement advanced 25 cents to $111.17 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.08 to West Texas Intermediate, compared with $23.18 yesterday.

 

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Currencies

GBP/USD The pound appreciated 0.2 percent to 80.75 pence per euro at 4:40 p.m. London time after strengthening through its 200-day moving average for the first time since Nov. 22. It earlier depreciated to 81.14 pence, the weakest since Oct. 24.
EUR/USD The dollar rose 0.2 percent to $1.2943 per euro at 5 p.m. New York time after dropping to $1.3009, the weakest since Oct. 31. The euro declined 0.1 percent to 106.34 yen after rising as much as 0.5 percent. The Japanese currency was 0.1 percent weaker at 82.15 yen per dollar.
AUD/USD The Australian dollar bought $1.0447 as of 4:46 p.m. in Sydney after falling 0.2 percent yesterday to $1.0446. It dropped 0.4 percent to 85.50 yen. New Zealand’s currency fetched 82.10 U.S. cents from 82.03 and was at 67.19 yen, 0.3 percent below yesterday’s close.
USD/JPY The Japanese currency touched 81.79 per dollar, the strongest since Nov. 21, before trading at 81.83 as of 2:54 p.m. in Tokyo, 0.4 percent stronger than yesterday’s close. The 17- nation euro dropped 0.6 percent to 105.76 yen, and has lost 1.1 percent this week. The dollar bought $1.2925 per euro, up 0.1 percent from yesterday when it gained 0.2 percent to $1.2943.

Commodities

OIL Crude for January delivery was at $87.13 a barrel, down 5 cents, in electronic trading on the New York Mercantile Exchange at 1:47 p.m. Singapore time. The contract decreased 56 cents yesterday to $87.18, the lowest since Nov. 20. Prices are down 12 percent this year.
Brent for January settlement rose 20 cents to $110.07 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.94 to West Texas Intermediate, compared with $22.69 yesterday.
GOLD Spot gold retreated as much as 0.2 percent to $1,738.68 an ounce, the cheapest since Nov. 23, and traded at $1,740.94 at 1:01 p.m. in Singapore. Holdings in ETPs, up 11 percent this year, expanded to 2,612.069 metric tons yesterday, data compiled by Bloomberg show. Cash silver slid as much as 0.4 percent to $33.9063 an ounce and traded at $33.96.

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Currencies

USD/JPY Japan’s currency has fallen 8.8 percent this year, the most among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The euro is the second-worst performer, losing 2.4 percent, followed by the dollar’s 1.9 percent decline.The yen rose 0.4 percent to 81.86 per dollar at 1:07 p.m. in New York.
AUD/USD The Australian dollar was little changed at $1.0472 as of 4:52 p.m. in Sydney from yesterday, when it gained 0.3 percent. It touched $1.0490 on Nov. 27, the highest since Sept. 21. The currency was poised for a 0.9 percent gain this month.
EUR/USD The dollar traded at $1.2946 per euro as of 6:33 a.m. in London from $1.2953 in New Yorkyesterday. It touched $1.3009 on Nov. 27, the weakest since Oct. 31. The yen was little changed at 106.34 per euro and 82.14 versus the U.S. currency.

Commodities

Gold for immediate delivery rose as much as 0.2 percent to $1,723.70 an ounce and traded at $1,720.38 at 1:52 p.m. in Singapore. The price dropped 1.3 percent yesterday, the biggest fall since Nov. 2, on concern that a U.S. deal won’t be agreed. Bullion for February delivery gained as much as 0.4 percent to $1,726 an ounce on the Comex, and was at $1,722.20.
OIL Crude for January delivery climbed as much as 40 cents to $86.89 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.69 at 3:04 p.m. Singapore time. The contract pared a decline of as much as $1.82 yesterday to close down 69 cents at $86.49, the lowest since Nov. 15. Prices have fallen 12 percent this year.
Brent for January settlement rose 20 cents to $109.71 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.02 to West Texas Intermediate futures, unchanged from yesterday.

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Currencies

EUR/JPY The yen reached 107.30 per euro, the weakest level since April 27, before trading at 107.16 as of 6:43 a.m. in London, 0.5 percent lower than the close in New York. It fell 0.4 percent to 82.42 per dollar. The greenback lost 0.2 percent to $1.3004 per euro after touching $1.3014 yesterday, the lowest since Oct. 31.
AUD/USD The Aussie fell versus all of its 16 most-traded peers as capital spending gained 2.8 percent in third quarter, down from 3.4 percent in the second quarter, the Bureau of Statistics said in Sydney yesterday. Australia’s currency depreciated 0.4 percent to $1.0435 yesterday in New York, its biggest drop on a closing basis since Nov. 15. It declined 0.4 percent to 85.69 yen.
CAD/USD Canada’s currency was little changed at 99.25 cents per U.S. dollar at 5 p.m. in Toronto after weakening as much as 0.2 percent. It gained earlier to 99.12. The loonie touched 99.06 cents on Nov. 27, the strongest since Nov. 7. It has strengthened 0.7 percent this month and 2.9 percent this year. One Canadian dollar purchases $1.0076.

Commodities

OIL Crude for January delivery was at $88.03 a barrel, down 4 cents, in electronic trading on theNew York Mercantile Exchange at 3:13 p.m. Singapore time. The contract increased $1.58 yesterday to $88.07. Prices are up 2.1 percent this month and down 0.3 percent this week.
Brent for January settlement was unchanged at $110.76 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.73 to West Texas Intermediate futures, from $22.69 yesterday.
GOLD Spot gold added as much as 0.3 percent at $1,730.90 an ounce before trading at $1,729.79 at 2:30 p.m. in Singapore. That would be a 0.5 percent gain for the month. Palladium is set for a 14 percent rally in November, the most since December 2010.

 

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Currencies

GBP/EUR The pound fell 0.3 percent from Nov. 23 to 81.18 pence per euro at 4:54 p.m. London time yesterday after depreciating to 81.33 pence, the weakest level since Oct. 24. The U.K. currency was little changed on the week at $1.6023, after touching $1.6063, the most since Nov. 2.
CAD/UAS The loonie weakened 0.2 percent to 99.44 cents per U.S. dollar at 5 p.m. in Toronto. It depreciated 0.2 percent on the week, while gaining 0.5 percent in November. One Canadian dollar purchases $1.0056. The U.S. dollar has dropped 2.1 percent, and the yen has been the biggest loser, sliding 9.4 percent.
EUR/USD The euro gained 0.1 percent to $1.2986 at 5 p.m. New York time after touching $1.3028, the strongest since Oct. 23. It extended its monthly gain to 0.2 percent. The yen depreciated 0.5 percent to 107.11 per euro after sliding to 107.67, the weakest level since April 23. It is down 3.6 percent this month. Japan’s currency fell 0.4 percent to 82.48 per dollar to increase its November drop to 3.3 percent.

Commodities

OIL Crude oil for January delivery advanced 84 cents to $88.91 a barrel on the New York Mercantile Exchange, the highest settlement since Nov. 19. Futures increased 0.7 percent this week and gained 3.1 percent this month. Prices are down 10 percent this year.
Brent oil for January settlement rose 47 cents, or 0.4 percent, to $111.23 a barrel on the London-based ICE Futures Europe exchange.The MNI Chicago Report’s business barometer rose to 50.4 in November from 49.9 the prior month. A reading of 50 is the dividing line between expansion and contraction.
Gold capped its biggest weekly drop in more than five months on concern that U.S. lawmakers may fail to reach a settlement in talks aimed at avoiding self-imposed tax increases and budget cuts known as the fiscal cliff.Gold futures for February delivery slid 1 percent to settle at $1,712.70 an ounce at 1:43 p.m. on the Comex in New York. Prices retreated 0.4 percent this month, the second straight loss.

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Currencies

The euro fetched $1.3056 as of 8:26 a.m. in Tokyo from $1.3054 yesterday, when it touched $1.3076, the most since Oct. 23. The shared currency was little changed at 107.30 yen from yesterday, having risen 1 percent in the past three sessions. The U.S. currency slid 0.1 percent to 82.19 yen. The so-called Aussie traded at $1.0425 from $1.0421, after having fallen 0.5 percent in the past three days.
The Australian dollar rose 0.3 percent to $1.0449 as of 2:57 p.m. in Sydney after losing 0.5 percent over the previous three sessions. New Zealand’s currency added 0.3 percent to 82.31 U.S. cents.The nation’s bonds fell, with the benchmark 10-year yield gaining five basis points to 3.19 percent.

Commodities

Spot gold slid as much as 0.2 percent to $1,712.35 an ounce, and traded at $1,712.88 at 12:37 p.m. in Singapore. Bullion for February delivery declined 0.4 percent to $1,714.70 an ounce on the Comex in New York, while oil and copper retreated. Holdings in ETPs, up 11 percent this year, expanded to 2,623.446 metric tons yesterday,

 

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Currencies

EUR/USD The shared currency slid to $1.3055 as of 2:10 p.m. in Tokyo down 0.1 percent from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro traded at 107.71 yen from 107.78. The Japanese currency was at 82.51 per dollar, after weakening 0.7 percent to 82.47 yesterday.The euro fell from a seven-week high against the dollar before a report forecast to show the currency bloc’s economy contracted, adding to signs its three-year debt crisis is hindering growth
NZD/USD New Zealand’s dollar gained, buying 82.92 U.S. cents at 11:55 a.m. in Wellington compared with 82.54 cents immediately before the statement. The so-called kiwi reached its highest since Nov. 7 and has advanced about 6 percent against the U.S. dollar in the past 12 months, making it the strongest performer among the Group of 10 currencies .Two-year swap yields rose to 2.67 percent from 2.59 percent late yesterday.

Commodities

OIL Crude for January delivery was at $87.65 a barrel, down 23 cents, in electronic trading on the New York Mercantile Exchange at 2:48 p.m. Singapore time. Prices fell 62 cents yesterday to close at $87.88 a barrel, the lowest since Nov. 28. Futures have dropped 11 percent this year.
Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $108.76 a barrel after sliding $1.03 yesterday. The European benchmark crude was at a premium of $21.09 to New York-traded WTI. It closed at $20.93 yesterday, the narrowest gap since Nov. 2.
GOLD Spot gold was at $1,693 an ounce at 12:27 p.m. in Singapore after fluctuating between gains and losses. The metal fell to $1,684.93 yesterday, the least expensive since Nov. 6, as the dollar rallied on speculation that U.S. lawmakers will reach a budget agreement. Holdings in ETPs climbed to 2,627.59 metric tons yesterday

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Currencies

USD/JPY The Japanese currency lost 0.1 percent to 82.48 per dollar as of 2:10 p.m. in Tokyo from yesterday’s close in New York, and was little changed for the week. The yen weakened 0.1 percent to 106.96 per euro, trimming its weekly gain to 0.1 percent. The shared currency was little changed at $1.2969 from yesterday, when it dropped 0.8 percent, the biggest decline since Nov. 2
CAD/USD The loonie, as the Canadian currency is known for the image of the waterfowl on the C$1 coin, was little changed at 99.14 cents per U.S. dollar at 5 p.m. in Toronto. It touched 98.93, strongest since Nov. 7. One Canadian dollar purchases $1.0087.
AUD/USD Australia’s currency traded at $1.0478 as of 5:07 p.m. in Sydney. Yesterday it rose 0.3 percent to $1.0486 in New York after touching $1.0516, the highest since Sept. 21. The New Zealand dollar, nicknamed the kiwi, bought 83.19 U.S. cents from 83.27. The Aussie has risen 0.5 percent this week, while the kiwi has advanced 1.4 percent.
EUR/USD The euro depreciated 0.8 percent to $1.2970 per dollar at 5:02 p.m. in New York, after falling 0.2 percent yesterday. The common currency dropped 0.9 percent to 106.84 yen, after rising to 107.96 yesterday, the strongest level since April 20.

Commodities

OIL Crude for January delivery was at $86.54 a barrel, up 28 cents, in electronic trading on the New York Mercantile Exchange at 1:56 p.m. Singapore time. The contract slid $1.62 yesterday to $86.26, the lowest close since Nov. 15. Prices are down 2.7 percent this week and 12 percent this year.
Brent for January settlement rose 24 cents to $107.27 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $20.73 to West Texas Intermediate. It closed at $20.77 yesterday, the narrowest gap since Oct. 19.

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AUD/USD Australia’s dollar fell from near the highest level in more than two months after Chinese exports and imports trailed economists’ forecasts, damping the South Pacific nation’s trade prospects.The Australian dollar slid to $1.0476 as of 5:02 p.m. in Sydney, down 0.1 percent from Dec. 7 when it capped a 0.6 percent weekly gain. On Dec. 6, it touched $1.0516, the highest since Sept. 21.
EUR/USD The euro fell against the dollar and yen for the first time in four weeks after the European Central Bank lowered its economic forecast for the region and policy makers discussed trimming benchmark interest rates.The shared currency fell 0.5 percent to $1.2927 in New York for the first weekly loss since Nov. 9. It touched $1.2877 on Dec. 7, the weakest since Nov. 23.
CAD/USD The Canadian dollar rose to the highest level in a month versus its U.S. counterpart as employers added almost six times as many jobs as forecast in November, countering recent signs of an economic slowdown. The loonie, as the currency is nicknamed for the image of the aquatic bird on the C$1 coin, appreciated 0.6 percent to 98.84 cents per U.S. dollar this week in Toronto. It touched 98.77 cents yesterday, strongest since Nov. 7. One Canadian dollar buys $1.0117.

Commodities

OIL Crude for January delivery rose as much as 52 cents to $86.45 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.41 at 2:25 p.m. Singapore time. The contract dropped 33 cents on Dec. 7 to $85.93, the lowest close since Nov. 15. Prices slid 3.4 percent last week and are down 13 percent this year.
Brent oil for January settlement on the London-based ICE Futures Europe exchange climbed as much as 66 cents, or 0.6 percent, to $107.68 a barrel. The European benchmark crude was at a premium of $21.25 to New York-traded West Texas Intermediate grade. The spread widened on Dec. 7 for the first time in seven days to $21.09.

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Currencies

EUR/USD The dollar fell 0.1 percent to $1.2957 per euro at 6:23 a.m. in London, following yesterday’s 0.1 percent drop. It fetched 82.33 yen after sliding 0.2 percent yesterday to 82.36. The euro bought 106.68 yen from 106.58 yesterday when it touched 105.98, the weakest level since Nov. 28.The dollar remained lower against the yen and euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today.
CAD/USD The Canadian dollar, called the loonie for the image of the aquatic bird on the C$1 coin, rose 0.2 percent to 98.63 Canadian cents per U.S. dollar at 5 p.m. in Toronto, after earlier touching 98.62 cents, strongest since Oct. 19. One Canadian dollar buys $1.0139.The Canadian dollar reached a seven- week high versus its U.S. peer as the government approved Cnooc Ltd. (883)’s $15.1 billion takeover bid for Nexen Inc. (NXY)
GBP/EUR The pound gained 0.2 percent to 80.44 pence per euro at 4:18 p.m. London time after appreciating to 80.33 pence, the strongest level since Nov. 21. The pound strengthened for a fourth day against the euro after Italian Prime Minister Mario Monti said he intends to resign, boosting demand for the relative safety of British assets.

Commodities

OIL Crude for January delivery was at $85.59 a barrel in electronic trading on the New York Mercantile Exchange, up 3 cents, at 1:16 p.m. Singapore time. The contract slid 37 cents to $85.56 yesterday, the lowest close since Nov. 15. Prices have fallen 13 percent this year, poising crude for its first annual decrease in since 2008.
Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $107.31 a barrel, down 2 cents. The European benchmark crude was at a premium of $21.70 to New York-traded West Texas Intermediate grade. The spread was $21.77 yesterday, the widest in a week.
GOLD Spot gold fell as much as 0.4 percent to $1,706.95 an ounce before trading at $1,709.25 at 2:58 p.m. in Singapore. Bullion rallied to $1,717.36 yesterday, the most expensive since Dec. 3, as the dollar weakened.

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Currencies

EUR/USD The dollar remained lower versus the euro after a two-day decline, with the Federal Reserve expected to announce today an expansion of asset purchases that tend to weaken the U.S. currency.The dollar was little changed at $1.3006 per euro as of 6:55 a.m. in London after falling 0.6 percent over the previous two days.
USD/JPY It gained as much as 0.3 percent to 82.74 yen before trading at 82.73 from 82.52 in New York. Europe’s shared currency added 0.3 percent to 107.60 yen after rising 0.7 percent yesterday, the biggest one-day gain since Nov. 21.
AUD/USD Australia’s dollar rose to a more than two-month high on prospects that further monetary easing by the U.S. central bank will debase the greenback.Australia’s dollar touched $1.0541, the highest since Sept. 17, before trading at $1.0524 as of 2:56 p.m. in Sydney, little changed from yesterday’s close. The Aussie rose 0.2 percent to 87 yen after reaching 87.04, the strongest since March 28.
NZD/USD New Zealand’s dollar, known as the kiwi, was little changed at 83.90 U.S. cents. It touched 83.98 U.S. cents, matching yesterday’s high, the strongest since March 2. New Zealand’s currency added 0.1 percent to 69.36 yen, after reaching 69.38, the strongest since October 2009.

Commodities

OIL Crude for January delivery was at $85.90 a barrel, up 11 cents, in electronic trading on the New York Mercantile Exchange at 3:12 p.m. Singapore time. The contract gained 23 cents to $85.79 yesterday, the highest close since Dec. 7. Prices are down 13 percent this year.
Brent for January settlement rose 35 cents to $108.36 a barrel on the London-based ICE Futures Europe exchange and was at a premium of $22.46 to West Texas Intermediate. The European benchmark contract is heading for its highest-ever average annual price, at $111.77 a barrel so far this year.

 

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Currencies

USD/JPY The yen touched 83.67 per dollar, the weakest since March 21, before trading 0.4 percent lower at 83.59 as of 6:51 a.m. in London.The yen fell to the weakest level in almost nine months against the dollar before the Bank of Japan (8301)’s Tankan survey tomorrow, which economists say will show big manufacturers in the nation grew more pessimistic.
EUR/USD The shared currency closed above $1.3002 yesterday, signaling an upward trend that may see it test $1.3150, the 38 percent Fibonacci retracement level of a broad bearish move in the euro from May 2011 to July, Richard Adcock, head of fixed- income technical strategy at UBS AG in London, wrote today in a note to clients. The euro could rise to $1.3490, its highest level since Dec. 2, 2011, if it closes the week above $1.30
AUD/USD Australia’s currency appreciated 0.3 percent to $1.0555 yesterday in New York, after rising to $1.0586, its highest level since Sept. 14.The Australian dollars rose against their U.S. peer after the Federal Reserve added to its monetary-stimulus program, renewing concern the measures will debase the U.S. currency.
NZD/USD New Zealand’s dollar has strengthened 6.3 percent this year, the biggest increase among the 10 developed-nation currencies monitored by the Bloomberg Correlation-Weighted Indexes. The Aussie has gained 0.7 percent, and the U.S. dollar has fallen 2.9 percent.

Commodities

OIL Crude for January delivery fell as much as 39 cents to $86.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.56 at 2:44 p.m. Singapore time. The contract advanced 98 cents to $86.77 yesterday, the highest close since Dec. 5. Prices are down 12 percent this year, set for the first annual decline since 2008.
Brent oil for January settlement on the London-based ICE Futures Europe exchange declined as much as 64 cents, or 0.6 percent, to $108.86 a barrel. It climbed 1.4 percent yesterday, the most since Nov. 19. The European benchmark crude was at a premium of $22.64 to New York-traded West Texas Intermediate.

 

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Currencies
USD/JPY The yen touched 83.96 per dollar, the lowest level since March 21, before trading at 83.78 at 6:46 a.m. in London, down 0.2 percent from yesterday.The yen fell to the weakest since March against the dollar as Japanese business confidence slid to an almost three-year low, adding to the case for more central bank easing ahead of a general election this weekend.
AUD/USD The Aussie added 0.1 percent to $1.0544 as of 4:32 p.m. in Sydney from yesterday, after earlier sliding as much as 0.2 percent. It’s set for a 0.5 percent weekly gain, having touched $1.0586 on Dec. 12, the strongest since Sept. The Australian and New Zealand dollars rose, erasing earlier losses, after a private report showed Chinese manufacturing may expand at a faster pace, boosting trade prospects.
GBP/USD Sterling depreciated 0.2 percent to 81.08 pence per euro at 5 p.m. London time after reaching 81.17, the weakest since Dec. 6. The pound weakened versus the euro and dollar as data showed a majority of U.K. manufacturers are still seeing a decline in orders even as they report improving business conditions.
Commodities
OIL Crude for January delivery rose as much as 77 cents to $86.66 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.60 at 3:05 p.m. Singapore time. The contract fell 88 cents to $85.89 yesterday, and prices are up 0.8 percent this week.
Brent oil for January settlement on the London-based ICE Futures Europe exchange, which expires today, advanced 61 cents, or 0.6 percent, to $108.54 a barrel. The more actively traded February contract was up 48 cents at $106.94. The European benchmark grade was at a premium of $21.94 to WTI.

 

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Currencies

EUR/JPY
The yen touched 111.78 per euro, the weakest since Aug. 30, 2011, before trading at 111.69 as of 6:30 a.m. in London, 0.3 percent below yesterday’s close. The yen fell to its lowest level against the euro since August last year on prospects the Bank of Japan (8301) will expand stimulus at a two-day policy meeting that ends tomorrow, its first since the nation’s general election.
EUR/USD The euro added 0.5 percent to $1.3229 at 5 p.m. New York time, reaching the highest level since May 2 The euro rose to the strongest in more than seven months against the dollar on speculation U.S. lawmakers will reach a budget pact to avert pushing the economy over the so-called fiscal cliff and into recession.
AUD/USD The Aussie declined 0.2 percent to $1.0515 as of 4:11 p.m. in Sydney, having fallen 0.3 percent in the previous two days. Australia’s dollar declined for a third day against its U.S. counterpart on concern the South Pacific nation’s economy is slowing and may be in store for further interest-rate cuts by the central bank.

Commodities

OIL Crude for January delivery was at $87.84 a barrel in electronic trading on the New York Mercantile Exchange, down 9 cents, at 2:46 p.m. Singapore time. The contract expires today. The more-actively traded February future slid 3 cents to $88.37. The volume traded for all contracts was 48 percent below the average of the past 100 days. Front-month futures rose 0.8 percent yesterday to $87.93, the highest close since Dec. 4.
Brent oil for February settlement on the London-based ICE Futures Europe exchange was up 10 cents at $108.94 a barrel. The European benchmark crude was at a premium of $20.57 to the corresponding WTI contract, from $20.44 yesterday.
Gold for immediate delivery gained as much as 0.3 percent to $1,676.85 an ounce and was at $1,675.50 at 1:45 p.m. in Singapore. The price fell to $1,661.10 yesterday, the lowest since Aug. 31, as optimism that a deal may be reached boosted equities and pared demand for the metal as an alternative asset.

 

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Currencies USD/JPY The yen strengthened 0.6 percent to 111.02 per euro at 6:33 a.m. in London from the close yesterday, when it touched 112.50, the weakest level since August 2011. The yen climbed against all of its major peers as the Bank of Japan maintained its 1 percent inflation goal after incoming Prime Minister Shinzo Abe called for a doubling of the target.
AUD/USD Australia’s currency was little changed at $1.0477 as of 4:25 p.m. in Sydney after falling 0.8 percent in the previous three days. Australia’s dollar maintained a three-day loss and the nation’s bonds rose amid concern U.S. lawmakers are deadlocked on a deal to avert the so-called fiscal cliff, reducing demand for riskier assets.
NZD/USD The local dollar bought 83.34 U.S. cents at 11:28 a.m. in Wellington and is up about 1.6 percent this month. The Treasury forecasts it will average 82 cents throughout 2013 before declining to 79 cents by late 2014 New Zealand Finance Minister Bill English said the nation’s growth outlook is attracting foreign bond investors, helping propel the year’s strongest-performing Group of 10 currency and leaving the government powerless to steer it to lower levels

Commodities OIL Crude for February delivery slid as much as 56 cents to $89.42 a barrel and was at $89.54 in electronic trading on the New York Mercantile Exchange at 3:07 p.m. Singapore time. The January contract, which expired yesterday, rose $1.58 to $89.51, the highest settlement since Oct. 19. The volume traded for all futures today was about 5 percent below the 100-day average.
Brent for February settlement slipped 46 cents to $109.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $20.37 to WTI, compared with $20.38 yesterday.
GOLD Spot gold was little changed at $1,667.95 an ounce at 2 p.m. in Singapore after dropping 0.2 percent yesterday and falling to $1,661.10 on Dec. 18, the lowest since Aug. 31, on signs of progress in the U.S. negotiations. Gold for February delivery was at $1,668.40 an ounce from $1,667.70 on the Comex.

 

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Currencies
USD/JPY The yen strengthened against all its major counterparts, rising 0.4 percent to 84.03 per dollar as of 6:46 a.m. in London. The yen and the dollar gained amid demand for refuge assets after U.S. lawmakers delayed a budget vote, spurring concern the so-called fiscal cliff will drive the world’s biggest economy into recession.
AUD/USD The Australian dollar fell 0.3 percent to $1.0453 as of 4:57 p.m. in Sydney from yesterday, after earlier touching $1.0438, the lowest since Dec. 4. The currency is headed for a 1.1 percent weekly loss, the biggest since the five days ended Oct. 5 Australia’s dollar touched the lowest level in more than two weeks after U.S. lawmakers scrapped a budget vote, rekindling concern the so-called fiscal cliff will drag down the world’s biggest economy.
NZD/USD The New Zealand dollar reached 83 U.S. cents, the weakest since Dec. 10, before trading at 83.04, 0.4 percent below yesterday’s close. It’s set for a 1.9 percent drop this week. The so-called kiwi lost 0.9 percent to 69.78 yen, poised for a 1.3 percent five-day decline. The currency reached 71.51 on Dec. 17, the highest since Oct. 2008.
Commodities
OIL Crude for February delivery fell as much as $1.20 to $88.93 a barrel in electronic trading on the New York Mercantile Exchange and was at $89.33 at 2:48 p.m. Singapore time. The contract climbed 15 cents to $90.13 yesterday, the highest close since Oct. 18. Prices are up 3 percent this week, the most since August. The volume for all WTI futures today was 81 percent higher than the 100-day average.
Brent oil for February settlement on the London-based ICE Futures Europe exchange slid as much as 81 cents, or 0.7 percent, to $109.39 a barrel. The European benchmark crude was at a $20.51 premium to New York-traded West Texas Intermediate, from $20.07 yesterday. The volume traded for all Brent futures today was about 20 percent higher than the 100-day average.
GOLD Spot gold fell as much as 0.7 percent to $1,635.80 an ounce and was at $1,641.70 by 11:35 a.m. in Singapore. It declined to $1,635.70 yesterday, the lowest price since Aug. 22, after data showed the U.S. economy grew at a 3.1 percent annual rate last quarter, exceeding all projections in a Bloomberg survey. Bullion is 3.2 percent lower this week, the most since the period to June 22, set for a fourth weekly drop.

 

[TradingForex.com]

Market Outlook 28 Dec
CURRENCIES EUR/USD The euro has been on the rise while the dollar has been dropping against it, as the efforts to avert the fiscal cliff continue. The dollar fell to its lowest in 8 months trading at 1.3236 per euro at 5:05 pm New York time, and it has weakened as much as 0.5 percent. The euro’s 14-index of relative strength reached 70.6 to the dollar.

USD/JPY The yen has been on a fall, reaching its lowest in 28 months against the dollar. The yen dropped 0.6 percent touching 86.10 per dollar, its weakest since August 16, 2010.As of 2:17pm Tokyo time, the yen traded at 86.64 per dollar, after trading at 86.45 which is 0.4 percent lower than yesterday. The yen has lost 2.6 percent against the dollar since December 21 of this year, and its 14-day relative strength index has dropped to 17 against the dollar.

EUR/JPY According to Bloomberg’s correlation-weighted indexes the euro has gained 3 percent in the past three months, making it the second highest of the 10 development market currencies.The yen however has dropped 0.7 percent to 113.99 per euro, and its 14 day relative strength index dropped to 19.8 against the euro.The constant fall of the currency has spurred speculations that the central bank of the country will need to try and set up a cash infusion to control the situation.The Japanese currency has lost 0.4 percent to 114.49 per euro, and dropped to its lowest level since July 11 2011, while the euro has gained 0.1 percent and is now at 1.3242 dollars.

AUD/JPY The Australian currency has been gaining strength and has reached its highest against the yen since April of 2011, and has touched 89.83 yen. The decline in Japan’s consumer prices which has added to the monetary problems of the country, has helped the Australian dollar trade at 89.67 as of 4:01 pm Sydney time, which is 0.4 percent higher than yesterday. The yearly increase of the currency is predicted to be 14 percent against the Japanese currency.

 

[TradingForex.com]

Market Outlook 31 Dec 2012

EUR/USD The dollar rose 0.1 percent to 1.3201 dollars against the euro. The euro has risen 1.8 percent versus the dollar, a rise for the first time in two years, after the European Central Bank presented a program in September to aid the currency’s fall.

USD/JPY The yen declined 0.2 percent to 86.13 per dollar as of 1:32 p.m Singapore time, the continuous decline has brought heat on the country from other nations , Finance Minister Taro Aso responded that no one has the right to lecture the country, and added that the US should have a stronger dollar. Since 2011 the currency has dropped more than 10 percent against the dollar.

AUD/USD The Australian dollar climbed higher than most of the other currencies, and that was due to the manufacturing growth in China, which is its biggest trading partner. It gained 0.1 percent to 1.0381 dollars and is expected to have an overall 1.7 increase this year.

GBP/USD After a couple of changes throughout the past week, where the British pound rose against the dollar, after the pair hit 1.6065 on Thursday which was its lowest since December 10, the pair has climbed today and added 38 pips at 1.6138.

 

[TradingForex.com]

Market outlook 2 January 2013

Currencies USD/JPY The Yen has dropped even further against the dollar, and has gone down to 87.33 per dollar, its lowest since July 29, 2010. As of 6:38 am London time it traded at 87.27. These changes took place after the legislation to avert the fiscal cliff was passed. Currency strategist in Sydney Australia& New Zealand Banking Group Ltd. Andrew Salter stated that the Yen will probably remain weak for the time being, adding “if you look out a month or two, it really depends upon what the government is able to achieve as far as the central bank is concerned”

EUR/USD The dollar lost 0.5 percent and fell to 1.3272 dollars against the euro. Its weakening has taken affect as the legislation for averting the fiscal cliff was passed by the U.S. today.

AUD/USD The U.S. dollar slightly gains while the Aussie loses, dropping 0.7 percent from its lowest level in over four weeks. As of 11:08 am Sydney time it traded at 1.0399 dollars. It is predicted that the Australian dollar will rise to 1.07 dollars throughout the next six months, and to 1.01 by the

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[TradingForex.com]

Market outlook 2 January 2013
Currencies EUR/USD After a high ride of 1.33 a dollar, the euro fell 0.1 percent to 1.3186 dollars. The dollar has rose 0.3 percent reaching 1.3148 per euro. Over the past year, 2012, the euro has had an overall decline of 1.1 percent, while the dollar fell 3.3 percent.

USD/JPY Then yen continues to weaken, falling 0.7 percent to 87.34 per dollar, and has reached its lowest level since 29 July 2010 at 87.35. Today however the dollar has also weakened against other major currencies. The Yen’s 14 day relative strength index is at 17 versus the dollar.

AUD/USD After being one of the strongest currencies, since the passing of the legislation in the US to increase taxes and cut budgets on Wednesday the Australian dollar has suffered some losses and has fallen lower than the USD. The pair fell 0.18 percent to 1.0486 dollars.

GBP/USD The British pound has been gaining over the last month of last year, and has now risen to its highest level against the dollar in 16 months at 1.6381 dollars, before going down to 1.6252 dollars.

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