Markets: Gold down $2 to $1807 eminis down 14 points WTI crude oil up $1.98 to $110.41 Toronto TSX comp +1.3% AUD leads, JPY lags
Markets:
- Gold down $2 to $1807
- eminis down 14 points
- WTI crude oil up $1.98 to $110.41
- Toronto TSX comp +1.3%
- AUD leads, JPY lags
It was a US holiday and it was the usual low-action trade to go along with that. There was some USD-buying while Europe was still at the office but it flattened out afterwards.
USD/JPY tracked up to 135.70 from 135.40 despite some softening in US equity futures.
The euro and cable both fell about 40 pips in the latter-part of trade. For the euro that erased gains from late Asian trading.
The Australian dollar is the top performer ahead of today’s RBA meeting (preview here). It rallied late in Asia-Pacific trade but gave most of that back in the late-European dollar rally.
Canadian markets were open today and the loonie benefited from a climb in energy prices. On that front, European natural gas prices continued to hit new highs on worries that Russia could cut off Europe, with Nagel warning that would surely send the continent into recession.
www.forexlive.com