Daily Market News By FXNET

[FxNet]

FxNet Market News

Greek Prime Minister Alexis Tsipras is hoping to pass a second set of reforms required by the country’s lenders to kick start talks for another rescue package. Until Wednesday night the reforms must be accepted by the government but the bump in the way will be Tsipras’ anti-EU Syriza party who rebelled last week when the first set of reforms was passed, votes from pro-EU opposition parties including ‘To Potami’ and ‘Pasok’ who have both said they would support the prime minister helped the reforms pass.

The EUR/USD pair rose to its one week high. Adding 24 percent the pair reached 1.0960 and consolidated at 1.0962. It is expected to find support at 1.0853 and resistance at 1.1036.

The euro was lower than the British Pound, and the EUR/GBP pair lost 0.23 percent trading at 0.7016.

Against the yen the euro was higher with the EUR/JPY pair adding 0.37 percent to trade at 135.39.

The dollar index fell 0.7 percent from a three month high of 98.151 reached on Tuesday, down to 97.304 by Wednesday 05:30 GMT.

Against the yen the dollar was higher than its one month high, the USD/JPY pair reached 124.48 in morning trade, it consolidated at 124.22. The pair was expected to find support at 123.95 and resistance at 124.63.

The AUD/USD pair added 0.15 percent to trade at 0.7431.

The Australian dollar towered over its U.S. counterpart in trading as it was supported by high consumer price data and a positive economic survey.

A stronger dollar, big companies like OPEC maintaining high production and Iran’s close re-entry to the oil market have all been pushing oil prices lower.

West Texas Intermediary (WTI) for September delivery on the New York Mercantile Exchange lost 0.51 percent and traded at 50.60 dollars a barrel.
Brent Crude for September delivery on the Intercontinental Exchange (ICE) was at 56.34 dollars a barrel.

Gold for August delivery on the Comex of the New York Mercantile Exchange lost 0.99 percent and traded at 1.092.60 dollars a troy ounce.

Elsewhere on the Comex silver for September delivery lost 0.59 percent to trade at 14.698 dollars a troy ounce, while copper for September delivery lost 0.84 percent to trade at 2.455 dollars a pound.

 

[Callagy20]

On Friday, data had showed that the US new home sales had increased in June by 482,000- which is quite on a low key as we had generally expected something of the range of 546,000. New home sales had also increased by 517,000 in May. In another development in the forex, demand for the greenback had maintained its support from data on Thursday which had revealed that number of persons filing for initial jobless benefits in the U.S fell by 26,000 to a 255,000. This is a 40-year low.

 

[Callagy20]

After a vote which was in support of starting talks as regards a third Greek bailout in the German parliament, the EU has come to an agreement of the tone of seven billion euros, which is a three month bridging loan for Greece. This arrangement would make for the possibility of Greece paying a 3.5bn euros to the European Central Bank on Monday; including the 1.5 billion arrears to the IMF.

 

[Callagy20]

The American dollar had picked up some strength in US morning trading in face of encouraging manufacturing data prior paring a portion of the gains after the release of housing figures which were kind of below what we had expected. The Markit July PMI index in the US went up to 53.8, which was on top last month’s reading of 53.4. A little after that, the dollar went down after the U.S commerce Department had revealed new home sales dived down 6.8% to 482,000 in June.

 

[Callagy20]

After a vote which was in support of starting talks as regards a third Greek bailout in the German parliament, the EU has come to an agreement of the tone of seven billion euros, which is a three month bridging loan for Greece. This arrangement would make for the possibility of Greece paying a 3.5bn euros to the European Central Bank on Monday; including the 1.5 billion arrears to the IMF.

 

[Callagy20]

Investors had eyes on the Federal Reserve Statement as the market is looking forward to the statement to see if the policy makers would give a hint as to whether a time could be set for an initial rate hike. Fed Chair Janet Yellen had revealed that the Central Bank has the possibility of raising rates by September if the American economy doesn’t pull out of the growth trend. The Sterling kept steady against the euro, with EUR/GBP keeping at 0.7084.

 

[FxNet]

FxNet Market News

After rising on Tuesday, the euro was lower on Wednesday as Greece’s Syriza party urged for a new funding agreement and not a bridge loan.
The EUR/USD pair lost 0.13 percent to its lowest level since the 21st of July at 1.0866.

The bank sector share index FTATBNK in Athens’ Stock Exchange lost 14.8 percent in early deals on Tuesday. Athens bourse’s benchmark general index ATG traded 1.28 percent lower after losing 1.2 percent on Tuesday.

The U.S. dollar which saw some losses on Tuesday rallies against the euro on Wednesday following comments from Atlanta Fed President which supported a September rate hike.

The USD/JPY pair was little changed at 124.39. The AUD/USD pair lost 0.46 percent to 0.7345. The pair was expected to find support at 0.7261 and resistance at 0.7429.

The U.S. dollar index which measures the greenback against a basket of six major currencies hit its three and a half months high at 98.218 before settling at 98.096.

Later in the day U.S. ADP job reports for July and ISM service sector activity will be released.

The AUD/NZD pair lost 0.21 percent trading at 1.1263.

Brent oil for September delivery on the New York Mercantile Exchange added 1.06 percent to 50.52 dollars a barrel.

Crude oil for September delivery on the New York Mercantile Exchange added 0.97 percent and traded at 46.19 dollars a barrel during European morning hours.

Gold futures on the Comex of the New York Mercantile Exchange for September delivery tumbled 0.35 percent to 1,086.90 dollars a troy ounce during Wednesday’s morning European hours.

Silver on the Comex for September delivery lost 0.36 percent falling to 14.50 dollars a troy ounce while copper, which fell to its six year low earlier this week, lost 0.63 percent and traded at 2.347 dollars a pound.

 

[Callagy20]

In face of the little rally when the week finished, EUR/USD yet closed the week almost without changes coming down lower than by 0.10% from its level it started with in Monday’s trade. Through the course of last month, the American dollar had put on an estimated 0.80% against the euro. EUR/USD had come up gaining support at 1.0808; the low from July 20 and came up to face resistance at 1.1131 which happens to be the high from July 27.

 

[FxNet]

The Euro was higher reaching its two week high after the People’s Bank of China (PBOC) further devalued its yuan making the currency 4 percent lower in two days.
The EUR/USD added 0.67 percent to 1.1115, its highest level since the 27th of July, The EUR/CNY added 2.5 percent to 7.15.
All currencies were affected by the change; the USD/JPY lost 0.52 percent to 124.45, AUD/USD lost 0.53 percent to 0.7266 and NZD/USD lost 0.14 percent to 0.6526.
Elsewhere the International Energy Agency’s (IEA) monthly report showed that its demand growth outlook for 2016 is much higher with expectations for OPEC to lower it supply growth.
U.S. crude fell below the 50 dollar benchmark at 42.99 dollars per barrel while Brent futures were down to 48.92 dollars per barrel.
Gold futures for December delivery added 0.96 percent on the Comex of the New York Mercantile Exchange and traded at 1,118.30 dollars a troy ounce.
Copper prices fell 1.05 percent to 2.307 dollars a pound. Silver futures for September delivery on the Comex of the New York Mercantile Exchange lost 1.05 percent to 2.307 dollars a pound during morning European trading hours.

 

[FxNet]

Markets React to Chinese Declining Market and PBOC's Decision to Cut Rates

The US dollar was higher against the euro and yen for the second consecutive day after having lost momentum on Monday amidst china’s market decline. The dollar was mainly supported by a positive consumer confidence index. Markets were broadly affected by The People’s Bank of China’s (PBOC) decision to cut interest rates late on Tuesday and lower the amount of reserves that the banks must hold in an attempt to save the market from collapsing. The Chinese market had lost almost 20 percent in three days.

The U.S. Conference Board said on Tuesday that its index of consumer confidence was at its seven months high at 101.5 for August after being at 91.0 in July.

The USD/JPY pair was 0.5 percent higher at 119.5 and EUR/USD lost 0.18 percent to 1.1499.

NZD/USD added 0.29 percent trading at 0.6493, the pair was expected to find support at 0.6423 and resistance at 0.6567.

The AUD/NZD pair was also lower losing 0.37 percent and trading at 1.0972. The Kiwi was supported by a positive trade balance.

EUR/NZD lost 0.55 percent to trade at 1.7692.

The U.S. dollar index which measures the greenback against a basket of six other major currencies added 0.18 percent to trade at 94.09 recovering from Monday’s 92.52.

Brent for October delivery on the ICE Futures Exchange in London was 25 cents higher at 43.46 dollars a barrel and U.S. Crude for October delivery on the New York Mercantile Exchange was 26 cents higher at 39.57 dollars a barrel.

Gold futures for December delivery on the Comex of the New York Mercantile Exchange added 0.37 percent to 1,142.50 dollars a troy ounce during U.S. morning trading hours on Wednesday. Overnight gold prices had fallen sharply as the dollar gained strength following a positive U.S. consumer report.

Elsewhere on the Comex silver futures added 0.34 percent to 14.660 dollars a troy ounce and copper futures lost 0.20 percent to 2.259 dollars a pound after having fallen to 2.209 on Tuesday their lowest level in six years.

 

[FxNet]

The dollar rebound from yesterday’s slump and gained momentum despite ongoing concerns over China’s economic slowdown and, US small business borrowing falling for July.

Economic reports on Tuesday showed that manufacturing activity in China contracted at its fastest rate in three years for August, and the service sector activity was also slower raising concerns about global health as the world’s second largest economy shrinks.

The USD/JPY pair adding 0.53 percent to trade at 119.97. EUR/USD lost 0.46 percent trading at 1.1265, after the euro had gained against the dollar on Tuesday as manufacturing activity in Europe was seen weaker than expected.

NZD/USD added 0.47 percent during early Asian trade hitting 0.6369 and consolidating at 0.6360. The pair was expected to find support at 0.6244 and resistance at 0.6481.

AUD/USD added 0.33 percent to 0.7039 after the Australian Bureau of Statistics reported that the country’s Gross Domestic Product (GDP) added 0.2 percent for its second quarter, lower than expectations of a 0.4 percent growth and after a 0.9 percent expansion in the first quarter. The AUD/USD pair was expected to find support at 0.6854 and resistance at 0.7156.

The British Pound was at its 3 month lows after the release of the Markit construction purchasing managers’ index which had gone up to 57.3 for August from July’s 57.1 but failed to reach the expected 57.5. The index still indicated expansion as it read above 50.0.

GBP/USD was at 1.5291 from last night’s 1.5271.

The U.S. dollar index which measures the greenback against a basket of six other major currencies added 0.32 percent to trade at 95.70.

Investors are looking ahead for Friday’s U.S. non-farm payrolls. “U.S. payrolls will be the focus, but I doubt it will change the current debate over whether the Federal Reserve will hike rates in the near term or not” said Alvin Tan from Societe Generale.

Expectations are on a job growth of 220,000 for August, after July’s 215,000 increase in July. Unemployment rate is expected to fall from 5.3 percent to 5.2 percent.

Crude oil for October delivery was 2.2 percent lower on the New York Mercantile Exchange trading at 44.41 dollars a barrel during European morning trading hours, and once again falling below the 50 dollar benchmark.

Brent Oil for October delivery on the ICE Futures Exchange in London lost 1.8 percent to trade at 48.67 dollars a barrel. On Tuesday Brent had already lost 8.48 percent.

 

[FxNet]

Market News by FxNet

The U.S. dollar fell against the Euro for five consecutive sessions despite a positive survey which showed good US job data. Euro gains have been accumulating over the past month giving the shared currency a monthly boost of 2.2 percent against its U.S. counterpart. Gains however have been modest with the strongest gain of the month being 0.30 percent.

EUR/USD traded between 1.1132 and 1.1217 overnight, by Early Asian trading on Thursday the pair settled at 1.1207, a 0.03 percent gain. The pair is expected to find support at 1.1086 and resistance at 1.1562.

Despite underperforming against the Euro the dollar was supported by the U.S. Labour Department that said on Wednesday in its Job Openings and Labour Turnover Survey that nationwide openings increased in July, reaching 5.8 million. In May the survey had hit 5.4 million and for July it hit a new record which is the highest in the 15 year history of surveys.

The job openings rate added 3.9 percent in July, after being at 3.6 percent for three months. This report balances out last Friday’s disappointing nonfarm payroll report.

USD/CAD added 0.36 percent to 1.3255, after the Bank of Canada (BOC) decided to keep its interest rates on the same level, USD/JPY added 0.58 percent closing at 120.50, the yen was affected by an unexpected fall of Japan’s key gauge of capital spending, this was its second consecutive fall in the last two months which highlights the economy’s weakness.

NZD/USD lost 1.82 percent trading at 0.6278 while AUD/USD lost 0.78 percent trading at 0.6963. The Aussie was affected by the overall employment rate fall which dropped to 6.2 percent from 6.3 with the addition of 11,500 jobs.

China’s struggling market saw further negativity, when China’s consumer inflation in August was higher, but producer prices fell for the forty second straight month keeping the country at risk of deflation.

With big slowdowns in the world’s second and third largest economies, global growth forecasts by ANZ bank were revised for the years 2016 and 2017 dropping the growth rate to 3.5 percent instead of the 4 percent which had been previously predicted.

The U.S. dollar index which measures the greenback’s strength against a basket of six major currencies lost 0.14 percent to 95.83.

West Texas Intermediate (WTI) crude for October delivery lost 0.05 percent on the New York Mercantile Exchange falling to 44.19 dollars a barrel.

Brent Crude for October delivery on the Intercontinental Exchange (ICE) lost 3.86 percent trading at 47.62 dollars a barrel.

Gold for December delivery added 0.33 percent on the Comex of the New York Mercantile Exchange trading at 1,105.60 dollars a troy ounce.
Silver futures for December delivery lost 0.04 percent to trade at 14.570 dollars a troy ounce.

Copper for December delivery added 0.39 percent to 2.432 dollars a pound.

 

[FxNet]

The U.S. dollar which was weaker than most currencies for the past week saw some small gains as all eyes turn to the Fed meeting which begins today and ends tomorrow, and will announce interest rates decisions.

EUR/USD fell on Tuesday afternoon tumbling below the 1.13 level for the first time in four sessions.

The pair traded between 1.1259 and 1.1321 during Tuesday's session, it settled at 1.1269, 0.48 percent lower. EUR/USD was expected to find support at 1.1017 and resistance at 1.1562. Previously the Euro had been gaining for eight straight days before breaking the cycle on Tuesday as markets anticipated the Fed Meeting which convenes today and will go on till tomorrow.

Data released on Tuesday showed a 0.2 percent increase in retail sales for August which fell short from the 0.3 percent increase expectations. Core retail sales excluding automobiles added 0.1 percent in August lower than the expected 0.2 percent. US industrial production fell by 0.4 percent for August more than the expected 0.2 percent decline.

Last night AUD/USD lost 0.10 percent trading at 0.7134, while USD/JPY lost 0.05 percent to 120.36.
The U.S. dollar index which measures the greenback against the basket of six major currencies added 0.06 percent to 95.70 on Tuesday evening.

US West Texas Intermediate (WTI) crude added 32 cents on Wednesday on the New York Mercantile Exchange trading at 44.91 dollars per barrel, while Brent futures on the ICE futures exchange added 9 cents trading at 47.84 dollars a barrel.

US crude was supported by the American Petroleum Institute's (API) announcement that there has been a 3.1 million barrel decline in crude inventories instead of expectations for a rise. Official data will be released later in the day.

Gold futures for December delivery on the Comex of the New York Mercantile Exchange added 0.14 percent trading at 1,104.10 dollars a troy ounce.

Silver futures on the Comex added 0.10 percent trading at 14.340 dollars a troy ounce, while copper for December delivery lost 0.10 percent to 2.425 dollars a pound.

 

[FxNet]

FxNet Market News

EUR/USD saw some gains on Wednesday afternoon after falling in the morning. The pair fluctuated between 1.1214 and 1.1321. It settled 0.20% up at 1.1288. Over the last month of trading the Euro has gained 1.75% in value against the American dollar. EUR/USD was expected to gain support at 1.1015 and resistance at 1.1625.

The office of National Statistics said U.K. retail sales were 0.2% higher in August as expected. They were 3.7% up from the same month the previous year, just a tick below the forecast 3.8%. Core retail sales which exclude automobile sales added 0.1% Month on Month for August and 3.6% Year on Year. GBP/USD rose up to 1.5526 and consolidated at 1.5495.

Statistics New Zealand showed that the Gross Domestic Product (GDP) of the country was 0.4% higher for the second quarter (April-June) slightly lower than expectations of a 0.5% increase. The first quarter had seen a 0.2% increase. NZD/USD lost 0.14% consolidating at 0.6358.

The Swiss National Bank (SNB) announced its decision to keep its benchmark interest rate unchanged at -0.75% as expected. The bank also left the target range for the three months libor unchanged between -1.25% and -2.25%. The decision came after the State Secretariat for Economic Affairs said its expectation for Switzerland's economic growth is at 0.9% for 2015 and 1.5% for 2016. USD/CHF fell 0.41% trading at 0.9673.

The US dollar Index which measures the greenback against a basket of six other major currencies lost over 0.40% on Wednesday to an intraday low of 95.30.

US West Texas Intermediate (WTI) crude were at 47.13 dollars per barrel at 4:30 GMT unchanged from their previous close, Brent was 6 cents higher at 49.81 dollars per barrel.

Gold futures for December delivery on the Comex of the New York Mercantile Exchange were at 1,118.3 dollars an ounce falling from overnight’s 1,122.4.
Silver Futures for December delivery lost 0.24% falling to 14.85 dollars an ounce. Copper for December delivery lost 0.62% to trade at 2.437 dollars a pound.

The interest rate decision will be announced by the Fed at 2 PM EST, 6 PM GMT.

 

[FxNet]

The US dollar was steady to lower on Tuesday after recovering losses on Monday. Market volatility surrounding the Fed’s interest rate hike decision was the leading reason behind most currency movements, and now the Fed is coming under attack for prompting uncertainty.

EUR/USD lost 0.17 percent trading at 1.1172, its lowest level since September 9th.

Australia's second quarter house price index rose by 4.7 percent, higher than the 2.5 percent quarter on quarter rise. AUD/USD added 0.13 percent trading at 0.7140. The US dollar held strong despite yesterday's disappointing housing data report. USD/JPY lost 0.16 percent to 120.37.

The National Association of Realtors said on Monday that existing home sales lost 4.8 percent to an annual rate of 5.31 million units. Expectations were on a 5.51 million unit pace of home sales for August. From a year ago sales were up 6.2 percent. Nationwide the median home price fell slightly in August to 228,700 dollars, 4.7 percent higher than a year earlier but left the year over year rate at its lowest since August 2014. In the West, prices were up by 7.1.

The US dollar index which measures the greenbacks’ strength against a basket of six major currencies lost 0.07 percent overnight to 95.97 then rose to 96.15.

Overnight West Texas Intermediate (WTI) crude futures lost 48 cents trading at 46.20 dollars per barrel, while Brent futures were 45 cents lower at 48.47 dollars a barrel. Prices fell after surging on Monday following a decline in US rigs drilling for oil. Prices are expected to rise according to Reuters analyst Wang Tao, who says Brent will rise to 49.70 dollars per barrel and WTI could reach 47.78 based on Fibonacci retracement indicators.

Gold futures for December delivery on the Comex of the New York Mercantile Exchnage traded at 1,133 dollars a troy ounce. Silver for December delivery lost 0.24 percent to 15.185 dollars a troy ounce, while Copper for December lost 0.27 percent to 2.383 dollars a pound.

 

[FxNet]

FxNet Market News

EUR/USD fell late on Tuesday trading between 1.1114 and 1.1207 before settling at 1.1132, 0.51 percent lower for the session. This comes after the pair had gained for eight straight sessions. The pair was expected to find support at 1.1086 and resistance at 1.1713.

China's Caixin Manufacturing index for September fell to 47 from August's 47.3, falling to a 78 month low. In response the Aussie fell weaker as Australia is China's biggest importing partner, AUD/USD lost 21 percent trading at 0.7075 late on Tuesday, while USD/JPY added 0.05 percent to 120.22.

The US dollar index was 0.15 percent higher at 96.64.

The Asia Development Bank (ADB) lowered its 2015 economic growth projections for China from 7.2 percent to 6.8 percent. The bank also revised its economic growth expectations for India from 7.8 percent to 7.4 percent. Economic growth for the entire Asian region was reduced from 6.3 percent to 5.8 percent, as for the Southeast Asian Region forecast was lowered to 4.4 from 4.9.

Gold futures for December delivery on the Comex of the New York Mercantile Exchange lost 0.12 percent trading at 1.123.50 dollars a troy ounce following the drop in China's Manufacturing Index (considering china is one of the world's largest gold importers). Silver for December lost 0.24 percent to 14.720 dollars a troy ounce, while copper for December delivery lost 0.39 percent to 2.295 dollars a pound understandable as China accounts for approximately 40 percent of all copper consumption in the world.

The American Petroleum Institute (API) said that crude stocks were lower by 3.7 million barrels for last week better than the expected 700,000 barrel drop. West Texas Intermediate (WTI) crude for November lost 0.33 percent trading at 46.20 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery on the Intercontinental Exchange (ICE) traded between 47.70 and 49.17 dollars a barrel before settling at 49.03 dollars, 0.22 percent higher for the day. Later in the day the US Department of Energy will release numbers on crude and refined product stockpiles.

 

[fxapex]

USDJPY has been trading in a tight range , but there is bearish sign which suggest the pair might make a move in positive direction.

 

[FxNet]

The US commerce department said that Gross domestic product (GDP) increased at a 1.5 percent annual rate after expanding 3.9 percent in the second quarter, the Commerce Department said on Thursday. Economists however expect growth to pick up in the fourth quarter given strong domestic fundamentals.

The number of individuals filing for initial jobless benefits in the week ending October 24 increased by 1,000 to 260,000 from the previous week’s total of 259,000. Analysts had expected jobless claims to rise by 4,000 to 263,000.

USD/JPY was 0.16 percent lower at 120.89, USD/CAD was almost unchanged at 1.3238. The pair was expected to find support at 1.3085 and resistance at 1.3334.

Following the releases EUR/USD added 0.19 percent to 1.0941.

GBP/USD was at 1.5256, USD/CHF lost 0.29 percent to 0.9914. A report by the Bank of England showed that the total net lending to individuals increased by 4.9 billion pounds last month more than the expected 4.4 billion pounds.

AUD/USD lost 0.40 percent falling to 0.7089 and NZD/USD lost 0.12 percent to 0.6694.

The US dollar index which measures the greenback against a basket of major currencies was steady at 97.61.

Following the releases EUR/USD added 0.19 percent to 1.0941.

EUR/CAD was 0.10 percent higher to 1.4425.

Crude oil for December delivery lost 1.34 percent on the New York Mercantile Exchange during European morning hours on Thursday, Brent oil for December delivery on the ICE Futures Exchange lost 1.15 percent to 48.48 dollars a barrel.

The US Energy Information Administration (EIA) said that crude inventories were higher by 3.37 million barrels a week, and gasoline inventories decreased by 1.1 million barrels compared to expectations for a decline of 0.9 million barrels. Distillate stockpiles fell by 0.3 million barrels.

Gold for December delivery on the Comex of the New York Mercantile Exchange lost 1.88 percent trading at 1,154.000 dollars a troy ounce.

 

[FxNet]

Research group Markit said that the seasonally adjusted Markit/CIPS Service Purchasing Managers Index increased to 54.9 last month from 53.3 in September. Expectations were for the index to rise to 54.9.

GBP/USD rose to 1.5432 from 1.5416 after the release of the report, while EUR/GBP rose to 0.7080 from 0.7087.

Markit surveys showed that quarterly economic growth in the Eurozone was around 0.4 percent as expected by a Reuters poll which was published in October. Markit’s final October Composite Purchasing Managers’ Index (PMI) came in at 53.9, less that the expected 54.0.

EUR/USD lost 0.34 percent to 1.0926 and EUR/JPY lost 0.25 percent to 132.4.

NZD/USD hit 0.6633 during late Asian trade and consolidated at 0.6658 0.09 percent lower. The pair was expected to find support at 0.6618 and resistance at 0.6782.

Statistics New Zealand reported on Tuesday that the number of employed people by 0.4 percent in the third quarter confounding expectations for a 0.4 percent rise after a 0.3 percent gain in the second quarter.

The U.S. will release later Wednesday ADP jobs reports for October and trade balance data while the Institute of Supply Management will release its report on service sector growth for October, while on Friday US nonfarm payrolls will be released and expectations are on a growth of 182,000 jobs in October after an increase of 142,000 in September, while unemployment is expected to be steady at 5.1 percent.

In addition, Fed Chair Janet Yellen will appear before a congressional committee on Wednesday to testify on the U.S. central bank's role in overseeing the country's financial system.

The US dollar index which measures the greenback against a basket of six major currencies was up 0.24 percent the 97.50.

Crude oil for December delivery lost 0.56 percent on the New York Mercantile Exchange trading at 47.63 dollars a barrel during European morning hours. A day earlier oil on the NYMEX added 3.81 percent.

Brent for December delivery on the ICE Futures exchange in London lost 0.95 percent trading at 50.06 dollars a barrel. On Tuesday Brent prices added 3.59 percent.

Gold for December delivery on the Comex of the New York Mercantile Exchange added 0.41 percent trading at 1,118.70 dollars a troy ounce during European morning hours.

Elsewhere on the Comex copper for December delivery added 0.38 percent to 2.350 dollars a pound.

 

[fxapex]

EURUSD fell a bit but it is recovering, figures of nonfarm payrolls has to be kept in mind.