EURUSD
(Bloomberg) The euro fell to a two-month low as finance ministers from the currency bloc struggled to agree on Greek aid, curbing demand for the common currency. The 17-nation euro slid versus most of its major peers after Luxembourg's Prime Minister Jean-Claude Juncker said the ministers will meet again on Nov. 20 to discuss Greece, putting off a decision on how to cover the nation's need for additional financing of as much as 32.6 billion euros ($41 billion). The yen gained against all of its most-traded counterparts, reversing an earlier drop, as Asian shares slid. Investors are growing concerned about the risk that Greece will run out of money and that will lead to its exit from the euro, said Kengo Suzuki, a currency strategist in Tokyo at the unit of Mizuho Financial Group Inc. (8411), Japan's third-largest bank by market value.Further delay for the bailout will continue to weigh on the euro. The euro lost 0.3 percent to $1.2675 as of 1:39 p.m. in Tokyo, after earlier weakening to $1.2673, the least since Sept. 7. It declined 0.6 percent to 100.47 yen and touched 100.43, matching the the lowest since Oct. 11. Japan's currency rallied 0.3 percent to 79.27 per dollar. The MSCI Asia Pacific Index (MXAP) of shares sank 0.8 percent, falling for a fourth day. Euro-area finance ministers will gather in an extraordinary meeting next week to discuss Greece's financing needs, they said in a statement, read out by Juncker at the conclusion of a meeting in Brussels. The ministers also granted Greece until 2016 to cut the deficit to 2 percent of gross domestic product.
GOLD
(Reuters) Gold slipped in thin trade on Tuesday after the euro dropped to a two-month low against the U.S. dollar and uncertainty about another tranche of financial aid for Greece to help pay off its debt kept investors cautious. Although the threat of looming U.S. tax increases and spending cuts could still attract interest in gold, gains would be capped by a firmer dollar and weakening share prices, which often prompt investors to sell bullion to cover losses. Gold fell $4.25 an ounce to $1,723.49 by 0247 GMT, down from a 3-week high around $1,738 struck on Friday. Despite the recent fall, gold is still up around 10 percent so far this year. "I think there's some disappointed selling," said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, attributing this to gold's failure to break through $1,738, while strength in the dollar also affected the precious metal. "Physical buying is still minimal at these levels. I think (people) are still waiting for $1,700 to buy," said Leung, referring to jewellers. U.S. gold futures for December slipped $6.90 an ounce $1,724.00. Cash gold powered to a record about $1,920 in 2011, when investors turned to the metal as a safe haven during Europe's debt crisis. Volatile trading this year saw a surge to an 11-month high in the third quarter peter out below $1,800.
SILVER
(Reuters) Holdings of the largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, dropped 0.07 percent on Friday from Thursday, while those of the largest silver-backed ETF, New York's iShares Silver Trust rose 0.45 percent over the same period.
+CLZ12
(Bloomberg) Oil declined for a second day in New York amid signs supplies are rising in the U.S. and China, the world's biggest crude consumers. Futures slipped as much as 0.7 percent after falling 0.6 percent yesterday. U.S. crude stockpiles probably increased to the highest level in three months and production rose, according to a Bloomberg survey before an Energy Department report on Nov. 15. China's output climbed to a record in October, the China Federation of Logistics and Purchasing said today. Oil slid yesterday as investors awaited budget talks in the U.S., and extended losses after European leaders said they'll meet again Nov. 20 to discuss additional funding for Greece. Supplies are elevated, said Michael McCarthy, a chief market strategist at CMC Markets in Sydney. Although the data we've seen from China has confirmed that their economy has stabilized and in fact expanded at a greater rate, the questions that hang over Europe and the U.S. suggest that it's going to be difficult to get any significant moves going. Crude for December delivery slid as much as 58 cents to $84.99 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.01 at 3:56 p.m. Sydney time. The contract fell 50 cents to $85.57 yesterday. Prices are down 14 percent this year. Brent for December settlement declined 61 cents, or 0.6 percent, to $108.46 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.45 to West Texas Intermediate futures, down from $23.50 yesterday.
@ESZ12
(Bloomberg) The S&P 500 rose less than 0.1 percent to 1,380 at 4 p.m. in New York, after gaining as much as 0.4 percent earlier in the trading session. The Dow Jones Industrial Average dropped 0.23 point, or less than 0.1 percent, to 12,815.16. Fewer than 292 million shares of New York Stock Exchange- listed companies changed hands on the NYSE, the least in Bloomberg data going back to 2003, as the Big Board canceled trading and closing auctions in 216 securities after an outage in a computer that matches orders and processes transactions.
(Bloomberg) The euro fell to a two-month low as finance ministers from the currency bloc struggled to agree on Greek aid, curbing demand for the common currency. The 17-nation euro slid versus most of its major peers after Luxembourg's Prime Minister Jean-Claude Juncker said the ministers will meet again on Nov. 20 to discuss Greece, putting off a decision on how to cover the nation's need for additional financing of as much as 32.6 billion euros ($41 billion). The yen gained against all of its most-traded counterparts, reversing an earlier drop, as Asian shares slid. Investors are growing concerned about the risk that Greece will run out of money and that will lead to its exit from the euro, said Kengo Suzuki, a currency strategist in Tokyo at the unit of Mizuho Financial Group Inc. (8411), Japan's third-largest bank by market value.Further delay for the bailout will continue to weigh on the euro. The euro lost 0.3 percent to $1.2675 as of 1:39 p.m. in Tokyo, after earlier weakening to $1.2673, the least since Sept. 7. It declined 0.6 percent to 100.47 yen and touched 100.43, matching the the lowest since Oct. 11. Japan's currency rallied 0.3 percent to 79.27 per dollar. The MSCI Asia Pacific Index (MXAP) of shares sank 0.8 percent, falling for a fourth day. Euro-area finance ministers will gather in an extraordinary meeting next week to discuss Greece's financing needs, they said in a statement, read out by Juncker at the conclusion of a meeting in Brussels. The ministers also granted Greece until 2016 to cut the deficit to 2 percent of gross domestic product.
Support
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Resistance
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EURUSD
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1.26898
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1.27312
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1.26727
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1.27555
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1.26813
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1.27969
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GBPUSD
(Bloomberg) A U.K. house-price gauge showed the best result in more than two years last month as demand from buyers increased at its fastest pace since 2009, the Royal Institution of Chartered Surveyors said. The index rose to minus 7 from minus 14 in September, London-based RICS said in an e-mailed report today, citing a monthly poll of property surveyors. A result below zero means more of them saw values drop than increase last month. A measure of enquiries from new buyers rose to 18 from 5, the fastest pace of gains since December 2009. The report signals stabilization in the housing market after a quarter when the economy escaped from recession. The Bank of England will release new forecasts for growth and inflation tomorrow after last week halting its 375 billion-pound ($595 billion) stimulus plan. The number of potential buyers going out and viewing property saw a welcome boost last month, RICS spokesman Ian Perry said in the statement. Overall activity is still very low in most parts of the country and access to affordable mortgage finance is still very difficult for many first-time buyers. A gauge of three-month price expectations rose to minus 3 from minus 9, the report showed. A gauge of newly agreed sales rose to 20, the highest since December 2009, from 0. London and southeast England were the only two regions to record positive price balances, though only 28 percent of respondents reported rising prices in the capital, compared with 60 percent in March.
(Bloomberg) A U.K. house-price gauge showed the best result in more than two years last month as demand from buyers increased at its fastest pace since 2009, the Royal Institution of Chartered Surveyors said. The index rose to minus 7 from minus 14 in September, London-based RICS said in an e-mailed report today, citing a monthly poll of property surveyors. A result below zero means more of them saw values drop than increase last month. A measure of enquiries from new buyers rose to 18 from 5, the fastest pace of gains since December 2009. The report signals stabilization in the housing market after a quarter when the economy escaped from recession. The Bank of England will release new forecasts for growth and inflation tomorrow after last week halting its 375 billion-pound ($595 billion) stimulus plan. The number of potential buyers going out and viewing property saw a welcome boost last month, RICS spokesman Ian Perry said in the statement. Overall activity is still very low in most parts of the country and access to affordable mortgage finance is still very difficult for many first-time buyers. A gauge of three-month price expectations rose to minus 3 from minus 9, the report showed. A gauge of newly agreed sales rose to 20, the highest since December 2009, from 0. London and southeast England were the only two regions to record positive price balances, though only 28 percent of respondents reported rising prices in the capital, compared with 60 percent in March.
Support
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Resistance
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GBPUSD
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1.58546
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1.59055
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1.58333
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1.59351
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1.57824
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1.59860
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GOLD
(Reuters) Gold slipped in thin trade on Tuesday after the euro dropped to a two-month low against the U.S. dollar and uncertainty about another tranche of financial aid for Greece to help pay off its debt kept investors cautious. Although the threat of looming U.S. tax increases and spending cuts could still attract interest in gold, gains would be capped by a firmer dollar and weakening share prices, which often prompt investors to sell bullion to cover losses. Gold fell $4.25 an ounce to $1,723.49 by 0247 GMT, down from a 3-week high around $1,738 struck on Friday. Despite the recent fall, gold is still up around 10 percent so far this year. "I think there's some disappointed selling," said Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, attributing this to gold's failure to break through $1,738, while strength in the dollar also affected the precious metal. "Physical buying is still minimal at these levels. I think (people) are still waiting for $1,700 to buy," said Leung, referring to jewellers. U.S. gold futures for December slipped $6.90 an ounce $1,724.00. Cash gold powered to a record about $1,920 in 2011, when investors turned to the metal as a safe haven during Europe's debt crisis. Volatile trading this year saw a surge to an 11-month high in the third quarter peter out below $1,800.
Support
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Resistance
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GOLD
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1723.80
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1736.00
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1718.60
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1743.00
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1706.40
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1755.20
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SILVER
(Reuters) Holdings of the largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, dropped 0.07 percent on Friday from Thursday, while those of the largest silver-backed ETF, New York's iShares Silver Trust rose 0.45 percent over the same period.
Support
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Resistance
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SILVER
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32.08
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32.82
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31.77
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33.25
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31.03
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33.99
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+CLZ12
(Bloomberg) Oil declined for a second day in New York amid signs supplies are rising in the U.S. and China, the world's biggest crude consumers. Futures slipped as much as 0.7 percent after falling 0.6 percent yesterday. U.S. crude stockpiles probably increased to the highest level in three months and production rose, according to a Bloomberg survey before an Energy Department report on Nov. 15. China's output climbed to a record in October, the China Federation of Logistics and Purchasing said today. Oil slid yesterday as investors awaited budget talks in the U.S., and extended losses after European leaders said they'll meet again Nov. 20 to discuss additional funding for Greece. Supplies are elevated, said Michael McCarthy, a chief market strategist at CMC Markets in Sydney. Although the data we've seen from China has confirmed that their economy has stabilized and in fact expanded at a greater rate, the questions that hang over Europe and the U.S. suggest that it's going to be difficult to get any significant moves going. Crude for December delivery slid as much as 58 cents to $84.99 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.01 at 3:56 p.m. Sydney time. The contract fell 50 cents to $85.57 yesterday. Prices are down 14 percent this year. Brent for December settlement declined 61 cents, or 0.6 percent, to $108.46 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.45 to West Texas Intermediate futures, down from $23.50 yesterday.
Support
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Resistance
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+CLZ12
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85.06
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86.30
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84.55
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87.03
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|
83.31
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88.27
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@ESZ12
(Bloomberg) The S&P 500 rose less than 0.1 percent to 1,380 at 4 p.m. in New York, after gaining as much as 0.4 percent earlier in the trading session. The Dow Jones Industrial Average dropped 0.23 point, or less than 0.1 percent, to 12,815.16. Fewer than 292 million shares of New York Stock Exchange- listed companies changed hands on the NYSE, the least in Bloomberg data going back to 2003, as the Big Board canceled trading and closing auctions in 216 securities after an outage in a computer that matches orders and processes transactions.
Support
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Resistance
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@ESZ12
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1373.25
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1382.25
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1368.50
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1386.50
|
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1359.40
|
1395.50
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