EURUSD
(Reuters) The Euro hit its highest in more than six months against the yen and trimmed losses versus the dollar in choppy trading on Wednesday as comments by Germany's chancellor spurred optimism European leaders will reach an agreement on Greek funding. Europe's common currency dropped earlier after Greece's international lenders failed to reach agreement on releasing emergency aid as they haggled over how to reduce the country's debt to a sustainable level. The euro later trimmed losses after German Chancellor Angela Merkel said she saw chances of a deal at a meeting of European finance ministers on Monday. "Perhaps the most important take-away from the failed talks was that it appears to have spurred a tactical shift by Germany," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York.
GOLD
(Bloomberg) Gold rose as central banks joined investors in adding to holdings and the euro strengthened against the dollar before regional leaders meet today. Spot gold rose as much as 0.2 percent to $1,732.65 an ounce, and was at $1,730.60 at 1:03 p.m. in Singapore. The U.S. Mint sold 67,000 ounces of gold coins so far in November, more than the 59,000 ounces for all of October, according to figures on the Mints website. At that pace, total sales for the month would be 100,500 ounces, up 145 percent from a year earlier. Gold rallied 11 percent this year as investors and central banks bought bullion to diversify assets. Holdings in ETPs backed by bullion rose to a record 2,605.318 metric tons yesterday, data compiled by Bloomberg show. Kazakhstan, Turkey and Russia boosted reserves in October, according to data on the International Monetary Funds website, joining Brazil, which raised holdings to the highest in more than 11 years.
SILVER
(Bloomberg) Silver traded near a one-month high, it gained as much as 0.3 percent to $33.4525 an ounce, the most expensive since Oct. 15, before trading at $33.3525.
+CLF13
(Bloomberg) Oil traded near the highest level in three days in New York on signs that China's manufacturing will expand and as stockpiles unexpectedly fell in the U.S., the worlds biggest crude user. Futures were little changed after climbing 0.7 percent yesterday. A preliminary reading for China������¢��
@ESZ12
(Reuters)Stocks finished modestly higher on Wednesday, with the S&P 500 up for a fourth session, although volume was one of the year's lowest on the day ahead of the Thanksgiving holiday. Investors welcomed news that a ceasefire was declared to end the flare-up in violence between Israel and the Palestinians, though the lack of a deal to release emergency aid for Greece limited the market's advance. Investors also remained anxious about the mandatory tax increases and spending cuts that would go into effect in the new year if a deal is not reached to prevent it - known as the "fiscal cliff" - though policymakers are not expected to get back to negotiations until after Thursday's Thanksgiving holiday.
(Reuters) The Euro hit its highest in more than six months against the yen and trimmed losses versus the dollar in choppy trading on Wednesday as comments by Germany's chancellor spurred optimism European leaders will reach an agreement on Greek funding. Europe's common currency dropped earlier after Greece's international lenders failed to reach agreement on releasing emergency aid as they haggled over how to reduce the country's debt to a sustainable level. The euro later trimmed losses after German Chancellor Angela Merkel said she saw chances of a deal at a meeting of European finance ministers on Monday. "Perhaps the most important take-away from the failed talks was that it appears to have spurred a tactical shift by Germany," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York.
Support
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Resistance
|
|
EURUSD
|
1.27640
|
1.28612
|
1.27013
|
1.28957
|
|
1.26041
|
1.29929
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USDJPY
(Reuters) The yen fell to a 7-1/2-month low versus the dollar on Thursday, shedding about 4 percent in the past week and a half. That helped lift the Nikkei share average to a 6-1/2 month closing high. The U.S. dollar has climbed roughly 3.9 percent against the yen in the last seven trading sessions, with the yen weakened by market expectations that the likely next Japanese government would push the Bank of Japan to implement more drastic monetary stimulus. Shinzo Abe, the leader of Japan's opposition Liberal Democratic Party, which holds a commanding lead in opinion polls ahead of an election on Dec. 16, has called for "unlimited" easing until 2 or 3 percent inflation is achieved, as well as pushing short-term interest rates below zero. Analysts say the yen's weakness could persist going into the election next month.
(Reuters) The yen fell to a 7-1/2-month low versus the dollar on Thursday, shedding about 4 percent in the past week and a half. That helped lift the Nikkei share average to a 6-1/2 month closing high. The U.S. dollar has climbed roughly 3.9 percent against the yen in the last seven trading sessions, with the yen weakened by market expectations that the likely next Japanese government would push the Bank of Japan to implement more drastic monetary stimulus. Shinzo Abe, the leader of Japan's opposition Liberal Democratic Party, which holds a commanding lead in opinion polls ahead of an election on Dec. 16, has called for "unlimited" easing until 2 or 3 percent inflation is achieved, as well as pushing short-term interest rates below zero. Analysts say the yen's weakness could persist going into the election next month.
Support
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Resistance
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USDJPY
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81.932
|
82.830
|
81.341
|
83.137
|
|
80.443
|
84.035
|
GOLD
(Bloomberg) Gold rose as central banks joined investors in adding to holdings and the euro strengthened against the dollar before regional leaders meet today. Spot gold rose as much as 0.2 percent to $1,732.65 an ounce, and was at $1,730.60 at 1:03 p.m. in Singapore. The U.S. Mint sold 67,000 ounces of gold coins so far in November, more than the 59,000 ounces for all of October, according to figures on the Mints website. At that pace, total sales for the month would be 100,500 ounces, up 145 percent from a year earlier. Gold rallied 11 percent this year as investors and central banks bought bullion to diversify assets. Holdings in ETPs backed by bullion rose to a record 2,605.318 metric tons yesterday, data compiled by Bloomberg show. Kazakhstan, Turkey and Russia boosted reserves in October, according to data on the International Monetary Funds website, joining Brazil, which raised holdings to the highest in more than 11 years.
Support
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Resistance
|
|
GOLD
|
1,721.2
|
1,734.5
|
1,713.2
|
1,739.8
|
|
1,699.9
|
1,753.1
|
SILVER
(Bloomberg) Silver traded near a one-month high, it gained as much as 0.3 percent to $33.4525 an ounce, the most expensive since Oct. 15, before trading at $33.3525.
Support
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Resistance
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|
SILVER
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33.01
|
33.56
|
32.65
|
33.75
|
|
32.10
|
34.30
|
+CLF13
(Bloomberg) Oil traded near the highest level in three days in New York on signs that China's manufacturing will expand and as stockpiles unexpectedly fell in the U.S., the worlds biggest crude user. Futures were little changed after climbing 0.7 percent yesterday. A preliminary reading for China������¢��
Support
|
Resistance
|
|
+CLF13
|
86.72
|
88.23
|
85.79
|
88.81
|
|
84.28
|
90.32
|
@ESZ12
(Reuters)Stocks finished modestly higher on Wednesday, with the S&P 500 up for a fourth session, although volume was one of the year's lowest on the day ahead of the Thanksgiving holiday. Investors welcomed news that a ceasefire was declared to end the flare-up in violence between Israel and the Palestinians, though the lack of a deal to release emergency aid for Greece limited the market's advance. Investors also remained anxious about the mandatory tax increases and spending cuts that would go into effect in the new year if a deal is not reached to prevent it - known as the "fiscal cliff" - though policymakers are not expected to get back to negotiations until after Thursday's Thanksgiving holiday.
Support
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Resistance
|
|
@ESZ12
|
1,381.00
|
1,393.25
|
1,373.00
|
1,397.50
|
|
1,360.75
|
1,409.75
|
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