Monitoring the situation in Japan.
Asian and European trading sessions:
Euro: On Thursday the EUR/USD pair showed minimums at the level of $1.3870 during the Asian trading session.
Maximums were reached at the level of $1.4054 due to the announcement that Spain sold bonds for 3219 billion euro of the year 2021 and for 911 billion euro of the year 2041.
Swiss Frank: Demand for the save-heaven assets increased, and the Swiss frank grew against its competitors. According to the Swiss National bank decision, the interest rate was left unchanged at the previous level of 0.25%.
British Pound: The GBP/USD pair demonstrated maximum at the $1.6120 mark. European session brought sterling to maximums of $1.6170. The speculations over the possibility that Britain could start an air attack on Libya supported the growth of the pound.
Japanese Yen: Market participants are monitoring the development of the situation at the Fukusima NPP. After the released confirmation that the situation showed some stabilization, the yen dropped from the reached maximums.
Ministers if Finances and heads of the National banks of G7 countries will meet tomorrow and discuss the situation of the yen pertaining to the outcome of the devastating earthquake in Japan.
Oil: Oil rate continued to grow and traded around the $100.65 mark per barrel.
Gold: Gold reached maximums at the $1402.80 level per ounce as the greenback weakened.
American trading session:
US Dollar: According to the released information, the Initial jobless claims volume decreased below expectations. Industrial production showed unexpected decrease for 0.1% against the forecasted growth of 0.6%. The Philadelphia Federal index turned out to be above expectations and above the previous month’s level. Nevertheless, the release of the US data did not have any impact on the market dynamics, since investors are monitoring the situation in Japan.
https://forex-metal.com/news_posts
Asian and European trading sessions:
Euro: On Thursday the EUR/USD pair showed minimums at the level of $1.3870 during the Asian trading session.
Maximums were reached at the level of $1.4054 due to the announcement that Spain sold bonds for 3219 billion euro of the year 2021 and for 911 billion euro of the year 2041.
Swiss Frank: Demand for the save-heaven assets increased, and the Swiss frank grew against its competitors. According to the Swiss National bank decision, the interest rate was left unchanged at the previous level of 0.25%.
British Pound: The GBP/USD pair demonstrated maximum at the $1.6120 mark. European session brought sterling to maximums of $1.6170. The speculations over the possibility that Britain could start an air attack on Libya supported the growth of the pound.
Japanese Yen: Market participants are monitoring the development of the situation at the Fukusima NPP. After the released confirmation that the situation showed some stabilization, the yen dropped from the reached maximums.
Ministers if Finances and heads of the National banks of G7 countries will meet tomorrow and discuss the situation of the yen pertaining to the outcome of the devastating earthquake in Japan.
Oil: Oil rate continued to grow and traded around the $100.65 mark per barrel.
Gold: Gold reached maximums at the $1402.80 level per ounce as the greenback weakened.
American trading session:
US Dollar: According to the released information, the Initial jobless claims volume decreased below expectations. Industrial production showed unexpected decrease for 0.1% against the forecasted growth of 0.6%. The Philadelphia Federal index turned out to be above expectations and above the previous month’s level. Nevertheless, the release of the US data did not have any impact on the market dynamics, since investors are monitoring the situation in Japan.
https://forex-metal.com/news_posts