Forex News from New Forex: Gold tumbles in the expectation of data from the US
In the trading on Thursday, May 12, gold prices decrease ahead of the release of jobless claims in the USA. In the Mercantile Exchange in New York gold futures with the delivery in June slid 0.28% to $1,271.95. On Wednesday the rise was 0.85% to $1,275.50 a troy ounce. The immediate level of support stands at $1,266.90 (a low of May 10), the level of resistance is seen at $1,286.50 (a high of May 9).
Gold spot lost 0.5% to $1,271.40, on Wednesday the increase was 1% (a high since April 29). Yellow metal gained almost 20% amidst low expectations of the interest rate hike by the Federal Reserve.
Silver futures with the delivery in June trade at $17.320 per troy ounce.
The US dollar gains ground after the announcement of the Japanese Finance Minister about the readiness to interfere into the currency market if the volatility of the yen keeps influencing on Japan’s economy. However, it is clear that delieasing of the yen to boost export will be a challenging task for the government.
The dollar index climbed 0.16% at the moment to 93.95.
NewForex Analyst
Michael Butnitsky
Forex News from New Forex: The dollar surges against the euro
The greenback trades in mixed ways against main currencies in the trading on Thursday, May 12. Market participants are in the expectation of the jobless claims data from the USA. The currency pair euro/dollar shed 0.25% to 1.1397, the buck has not changed significantly versus the pound and stands at 1.4447. At the meeting of the Bank of England it was decided to hold the interest rate unchanged at 0.5% as expected. The rate has been kept by the bank since March 2009. The bank has also informed that the exit of the UK from Eurozone might hurt the economy of the country. The dollar slipped to 0.10% against the Swiss franc to 0.9698.
The Australian dollar slid 0.56% versus its US counterpart to 0.7335. Meanwhile, the kiwi managed to advance 0.10% to 0.6825. The pair USD/CAD is at 1.2834. The Canadian dollar added 0.07% amidst the rise of oil prices. WTI jumped 0.37% to $46.60 per barrel, Brent edged up 0.33% to $47.93.
NewForex Analyst
Michael Butnitsky
In the trading on Thursday, May 12, gold prices decrease ahead of the release of jobless claims in the USA. In the Mercantile Exchange in New York gold futures with the delivery in June slid 0.28% to $1,271.95. On Wednesday the rise was 0.85% to $1,275.50 a troy ounce. The immediate level of support stands at $1,266.90 (a low of May 10), the level of resistance is seen at $1,286.50 (a high of May 9).
Gold spot lost 0.5% to $1,271.40, on Wednesday the increase was 1% (a high since April 29). Yellow metal gained almost 20% amidst low expectations of the interest rate hike by the Federal Reserve.
Silver futures with the delivery in June trade at $17.320 per troy ounce.
The US dollar gains ground after the announcement of the Japanese Finance Minister about the readiness to interfere into the currency market if the volatility of the yen keeps influencing on Japan’s economy. However, it is clear that delieasing of the yen to boost export will be a challenging task for the government.
The dollar index climbed 0.16% at the moment to 93.95.
NewForex Analyst
Michael Butnitsky
Forex News from New Forex: The dollar surges against the euro
The greenback trades in mixed ways against main currencies in the trading on Thursday, May 12. Market participants are in the expectation of the jobless claims data from the USA. The currency pair euro/dollar shed 0.25% to 1.1397, the buck has not changed significantly versus the pound and stands at 1.4447. At the meeting of the Bank of England it was decided to hold the interest rate unchanged at 0.5% as expected. The rate has been kept by the bank since March 2009. The bank has also informed that the exit of the UK from Eurozone might hurt the economy of the country. The dollar slipped to 0.10% against the Swiss franc to 0.9698.
The Australian dollar slid 0.56% versus its US counterpart to 0.7335. Meanwhile, the kiwi managed to advance 0.10% to 0.6825. The pair USD/CAD is at 1.2834. The Canadian dollar added 0.07% amidst the rise of oil prices. WTI jumped 0.37% to $46.60 per barrel, Brent edged up 0.33% to $47.93.
NewForex Analyst
Michael Butnitsky
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