EURUSD
(Reuters) The euro hit a two-month low against the dollar and was close to a four-week low versus the yen on Thursday, as investors edgy about the currency bloc's growth prospects sold it before an ECB policy decision. While the European Central Bank was expected to keep interest rates on hold, some analysts say grim euro zone data, including from Germany, might prompt it to ease policy before the end of the year. Comments from ECB President Mario Draghi, who said on Wednesday the bank expected the euro zone economy to remain weak "in the near term," added to investor nervousness. The European Commission said on Wednesday the euro zone economywill barely grow next year, forecasting slower growth than governments in the bloc's biggest economies expect. The euro was down 0.3 percent at $1.2733, a two-month low, and down 0.4 percent at 101.72. A raft of weak economic data supports the case for a cut in ECB interest rates and some investors expect Draghi to lay the ground for easier policy at a post-meeting news conference.
GOLD
(Bloomberg) Gold gained in London, heading for the longest winning streak since August, on signs of increased investor demand. Holdings in exchange-traded products backed by bullion yesterday rose 0.2 percent, the most since Oct. 8, to a record 2,591.99 metric tons, data compiled by Bloomberg show. Commodities also climbed. Greek Prime Minister Antonis Samaras got enough support to approve austerity measures needed to unlock bailout funds. Expect the metal to be dominated by wider risk sentiment,Edel Tully, a London-based analyst at UBS AG, said in a report today. With the current macro climate being supportive of gold, we expect ETF buyers to emerge in greater size. All ETFs, or exchange-traded funds, are exchange-traded products. Gold gained 0.1 percent to $1,720.10 an ounce at 9:25 a.m. in London, the fourth consecutive gain and the longest rally since Aug. 23. The futures for December delivery rose 0.4 percent to $1,720.70 an ounce on the Comex in New York. Prices in London have advanced 9.9 percent this year as central banks including the Federal Reserve took steps to shield their economies hurt by Europes crisis.
SILVER
(Bloomberg) Silver for immediate delivery fell 0.1 percent to $31.7813 an ounce. Platinum was down less than 0.1 percent at $1,542.75 an ounce and palladium dropped 0.4 percent to $610 an ounce. President Barack Obama elected for a second term faces the task of reaching a compromise with Congress on lowering the deficit before more than $600 billion in tax increases and spending cuts start in January. The ECB President Mario Draghi said Europes debt crisis is affecting Germany. Chinas Communist Party gathers today in Beijing to choose new leaders in the worlds second-largest economy.
+CLZ12
(Bloomberg) Oil rebounded from the lowest level in almost four months in New York on speculation that the biggest decline this year was exaggerated. West Texas Intermediate climbed as much as 1.1 percent, after its 14-day relative strength index plunged to 38.5 yesterday, a sign that prices may be oversold. Crude slumped 4.8 percent yesterday after U.S. stockpiles gained and fuel demand dropped, while President Barack Obamas re-election stoked concern that the struggle to resolve deficit-reduction talks may harm the economy. Oil prices have experienced quite a rollercoaster ride in the past days, and todays move looks like technical trading as traders re-balance their positions after the election, said Michael Poulsen, an analyst at Global Risk Management in Middelfart, Denmark. Theres a slight bias to the upside today that might mean room for a move up of $1 or so. Oil for December delivery rose as much as 95 cents to $85.39 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $85.20 at 9:15 a.m. London time. It lost $4.27 yesterday to $84.44, the lowest close since July 10. Prices are down 14 percent this year.
@ESZ12
(Bloomberg)Standard & Poors 500 Index futures expiring in December gained less than 0.1 percent to 1,389.3 at 9:38 a.m. in London, after rising as much as 0.4 percent. Dow Jones Industrial Average futures increased 11 points, or 0.1 percent, to 12,874. The benchmark equity gauges both sunk 2.4 percent yesterday as investors turned their attention to the budget debate and the euro areas debt crisis following U.S. President Barack Obamas re-election.
(Reuters) The euro hit a two-month low against the dollar and was close to a four-week low versus the yen on Thursday, as investors edgy about the currency bloc's growth prospects sold it before an ECB policy decision. While the European Central Bank was expected to keep interest rates on hold, some analysts say grim euro zone data, including from Germany, might prompt it to ease policy before the end of the year. Comments from ECB President Mario Draghi, who said on Wednesday the bank expected the euro zone economy to remain weak "in the near term," added to investor nervousness. The European Commission said on Wednesday the euro zone economywill barely grow next year, forecasting slower growth than governments in the bloc's biggest economies expect. The euro was down 0.3 percent at $1.2733, a two-month low, and down 0.4 percent at 101.72. A raft of weak economic data supports the case for a cut in ECB interest rates and some investors expect Draghi to lay the ground for easier policy at a post-meeting news conference.
Support
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Resistance
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EURUSD
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1.27125
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1.28523
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1.26542
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1.29338
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1.25144
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1.30736
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EURJPY
(Reuters) The euro extended losses against the yen to trade 1 percent lower in early New York trade on Wednesday. European Central Bank President Draghi said the bank expects the euro zone economy to remain weak "in the near term." Fiscal worries after U.S. President Barack Obama's re-election added to the appeal of the low-yielding yen as investors shed risk. The euro hit as low as 101.82 yen on Reuters data and was last at 101.96, down 1 percent on the day. Canada's dollar gained along with the currencies of fellow commodity exporters as the Standard & Poor's GSCI Index (SPX) of 24 raw materials rose 2.3 percent after the Reserve Bank of Australia kept interest rates unchanged, signaling the global economy is stabilizing. The Canadian dollar, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, may strengthen to a more than two-week high if it breaches the key resistance level of 99 cents per U.S. dollar, as markets await the results of the U.S. presidential election. No matter who wins tonight, moving in to the next year, the U.S. is going to be outpacing our counterparts, and that's going to boost the Canadian and Mexican economies -- the tide raising all boats,said John Doyle, director of markets in Washington at currency-trading firm Tempus Consulting Inc.The RBA not cutting rates was the biggest headline today and so you saw a boost in commodities. The Canadian dollar appreciated 0.4 percent to 99.21 cents per U.S. dollar at 5:05 p.m. in Toronto. It gained last week from the weakest level in almost three months, C$1.0019. One Canadian dollar buys $1.0080. The S&P 500 Index added 0.8 percent. Futures of crude oil, the nation's largest export, rose as much as 4.2 percent to $89.22, the highest level in two weeks.
(Reuters) The euro extended losses against the yen to trade 1 percent lower in early New York trade on Wednesday. European Central Bank President Draghi said the bank expects the euro zone economy to remain weak "in the near term." Fiscal worries after U.S. President Barack Obama's re-election added to the appeal of the low-yielding yen as investors shed risk. The euro hit as low as 101.82 yen on Reuters data and was last at 101.96, down 1 percent on the day. Canada's dollar gained along with the currencies of fellow commodity exporters as the Standard & Poor's GSCI Index (SPX) of 24 raw materials rose 2.3 percent after the Reserve Bank of Australia kept interest rates unchanged, signaling the global economy is stabilizing. The Canadian dollar, nicknamed the loonie for the image of the aquatic bird on the C$1 coin, may strengthen to a more than two-week high if it breaches the key resistance level of 99 cents per U.S. dollar, as markets await the results of the U.S. presidential election. No matter who wins tonight, moving in to the next year, the U.S. is going to be outpacing our counterparts, and that's going to boost the Canadian and Mexican economies -- the tide raising all boats,said John Doyle, director of markets in Washington at currency-trading firm Tempus Consulting Inc.The RBA not cutting rates was the biggest headline today and so you saw a boost in commodities. The Canadian dollar appreciated 0.4 percent to 99.21 cents per U.S. dollar at 5:05 p.m. in Toronto. It gained last week from the weakest level in almost three months, C$1.0019. One Canadian dollar buys $1.0080. The S&P 500 Index added 0.8 percent. Futures of crude oil, the nation's largest export, rose as much as 4.2 percent to $89.22, the highest level in two weeks.
Support
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Resistance
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EURJPY
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101.457
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103.072
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100.816
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104.046
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99.201
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105.661
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GOLD
(Bloomberg) Gold gained in London, heading for the longest winning streak since August, on signs of increased investor demand. Holdings in exchange-traded products backed by bullion yesterday rose 0.2 percent, the most since Oct. 8, to a record 2,591.99 metric tons, data compiled by Bloomberg show. Commodities also climbed. Greek Prime Minister Antonis Samaras got enough support to approve austerity measures needed to unlock bailout funds. Expect the metal to be dominated by wider risk sentiment,Edel Tully, a London-based analyst at UBS AG, said in a report today. With the current macro climate being supportive of gold, we expect ETF buyers to emerge in greater size. All ETFs, or exchange-traded funds, are exchange-traded products. Gold gained 0.1 percent to $1,720.10 an ounce at 9:25 a.m. in London, the fourth consecutive gain and the longest rally since Aug. 23. The futures for December delivery rose 0.4 percent to $1,720.70 an ounce on the Comex in New York. Prices in London have advanced 9.9 percent this year as central banks including the Federal Reserve took steps to shield their economies hurt by Europes crisis.
Support
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Resistance
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GOLD
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1,703.2
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1,731.8
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1,688.8
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1,746.0
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1,660.2
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1,774.6
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SILVER
(Bloomberg) Silver for immediate delivery fell 0.1 percent to $31.7813 an ounce. Platinum was down less than 0.1 percent at $1,542.75 an ounce and palladium dropped 0.4 percent to $610 an ounce. President Barack Obama elected for a second term faces the task of reaching a compromise with Congress on lowering the deficit before more than $600 billion in tax increases and spending cuts start in January. The ECB President Mario Draghi said Europes debt crisis is affecting Germany. Chinas Communist Party gathers today in Beijing to choose new leaders in the worlds second-largest economy.
Support
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Resistance
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SILVER
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31.19
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32.38
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30.61
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32.99
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|
29.42
|
34.18
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+CLZ12
(Bloomberg) Oil rebounded from the lowest level in almost four months in New York on speculation that the biggest decline this year was exaggerated. West Texas Intermediate climbed as much as 1.1 percent, after its 14-day relative strength index plunged to 38.5 yesterday, a sign that prices may be oversold. Crude slumped 4.8 percent yesterday after U.S. stockpiles gained and fuel demand dropped, while President Barack Obamas re-election stoked concern that the struggle to resolve deficit-reduction talks may harm the economy. Oil prices have experienced quite a rollercoaster ride in the past days, and todays move looks like technical trading as traders re-balance their positions after the election, said Michael Poulsen, an analyst at Global Risk Management in Middelfart, Denmark. Theres a slight bias to the upside today that might mean room for a move up of $1 or so. Oil for December delivery rose as much as 95 cents to $85.39 a barrel in electronic trading on the New York Mercantile Exchange. The contract was at $85.20 at 9:15 a.m. London time. It lost $4.27 yesterday to $84.44, the lowest close since July 10. Prices are down 14 percent this year.
Support
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Resistance
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+CLZ12
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82.76
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87.50
|
81.04
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90.52
|
|
76.30
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95.26
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@ESZ12
(Bloomberg)Standard & Poors 500 Index futures expiring in December gained less than 0.1 percent to 1,389.3 at 9:38 a.m. in London, after rising as much as 0.4 percent. Dow Jones Industrial Average futures increased 11 points, or 0.1 percent, to 12,874. The benchmark equity gauges both sunk 2.4 percent yesterday as investors turned their attention to the budget debate and the euro areas debt crisis following U.S. President Barack Obamas re-election.
Support
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Resistance
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@ESZ12
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1,373.50
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1,421.00
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1,355.00
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1,450.00
|
|
1,307.50
|
1,497.50
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