EUR/USD The euro dropped to a seven-week low against the greenback as Italy prepares to sell bills today after the country’s two- year yield soared to a 14-year high yesterday.$0The euro touched $1.3299, the lowest since Oct. 6, before trading at $1.3309 as of 6:34 a.m. in London, 0.3 percent lower than yesterday.

USD/JPY The dollar may strengthen more than 20 percent to as high as 94 yen should it climb above key resistance levels at 83.30 and 85.50, MIG Bank said, citing trading patterns.
The dollar traded at 77.11 yen at 4:52 p.m. London time, having declined 4.9 percent against Japan’s currency this year.

GBP/USD The pound fell to a seven-week low against the dollar after German Chancellor Angela Merkel said joint euro bonds would send a “wrong signal,” spurring demand for the relative safety of the U.S. currency.
The pound dropped 0.2 percent to $1.5501 at 4:58 p.m. London time, after sliding to $1.5485, the weakest since Oct. 7.

$0Oil climbed for a second day in New York on speculation that Europe’s steps to tame its debt crisis may sustain demand and sanctions against Syria will threaten Middle East stability.$0$0Crude oil for January delivery advanced as much as $1.77 to $98.54 a barrel in electronic trading on the New York Mercantile and was at $98.21 at 3:20 p.m.$0$0$0$0Gold gained more than 1 percent to above $1,700 an ounce on Monday as the euro rose on hopes Europe will take a bolder step to resolve a crippling debt crisis.$0$0$0$0EUR/USD The Euro gapped up earlier today in Asian session opened at 1.3308, 70 pips higher from Friday’s close.$0

$0EUR/USD The dollar fell against 14 of its 16 major counterparts as advancing stocks damped demand for safer assets.$0The U.S. currency dropped 0.2 percent to $1.3349 per euro as of 1:50 p.m. Tokyo time from the closing level in New York yesterday.$0$0$0$0USD/JPY The yen fell against all its major peers as Asian stocks rallied a second day and on prospects Japanese policy makers will do more to stem currency gains..$0The yen slid 0.3 percent to 78.19 per dollar as of 10:40 a.m. in Tokyo and reached 78.29, the weakest level since Nov. 2.$0$0$0$0Oil pared its earlier decline in New York..$0Crude for January delivery was at $98.13 a barrel, down 8 cents, in electronic trading on the New York Mercantile Exchange at 5:20 p.m. Sydney time, after earlier sliding as much as 1 percent.$0

$0EUR/USD$0$0$0$0$0GBP/USD$0$0$0$0USD/JPY$0$0$0$0EUR/USD The euro dropped versus the majority of its most-traded counterparts amid speculation Europe’s effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short.$0The euro was little changed at $1.3317 at 5 p.m. New York time, after earlier gaining to as high as $1.3442, the strongest level since Nov. 23.$0$0AUD/USD Australia’s dollar maintained earlier gains after reports showed capital expenditure surged while bank lending slowed.$0The so-called Aussie traded at $1.0033 as of 11:32 a.m. in Sydney, from $1.0022 before the data.$0$0USD/CAD Canada’s dollar rose as oil prices climbed and American consumer confidence increased in November by the most in more than eight years, boosting appetite for higher-yielding assets.$0Canada’s currency, also known as the loonie for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0321 per U.S. dollar by 5 p.m. in Toronto.$0

$0$0$0$0$0$0$0$0$0$0Market outlook $0$0$0·EUR/USD The eurogained the most in a month against the dollar after the Federal Reserve andfive other central banks acted to make more funds available to lenders asEurope’s debt crisis threatens global economic growth.   The euro strengthened 1 percent to $1.3446 at 5p.m. in New York and reached $1.3533, the strongest level since Nov. 22.$0$0·USD/JPY The yen weakened against 14 of its16 most-traded counterparts as Asian stocks extended a global equity rally,curbing demand for haven assets.    Yen was at 77.68 per dollar from 77.62.$0$0·USD/CAD The Canadian currency rosethe most since May 2010 as central banks including the Bank of Canada reducedthe cost of emergency dollar funding to ease Europe’s sovereign-debt crisis,buoying riskier assets.   The loonie appreciated 1.4 percent to C$1.0174per U.S. dollar at 5 p.m. Toronto time.$0$0

http://blog.acfx.com/wp-content/uploads/tech/december2011/02-12/eurusd.jpg$0http://blog.acfx.com/wp-content/uploads/tech/december2011/02-12/gbpusd.jpg$0$0http://blog.acfx.com/wp-content/uploads/tech/december2011/02-12/usdjpy.jpg$0$0$0$0EUR/USD The euro pared gains versus the dollar and yen as concern increased that European leaders will struggle to resolve the region’s debt crisis even after central banks moved to ease dollar borrowing for banks.$0$0The euro appreciated 0.1 percent to $1.3461 at 5 p.m. in New York after surging as much as 1.6 percent yesterday, the most on an intraday basis since Oct. 27.$0$0$0$0$0$0NZD/USD New Zealand dollar set for a weekly gain against most major peers before U.S. data forecast to show employers added workers at a faster pace, boosting demand for higher-yielding assets..$0$0New Zealand’s dollar bought 78 U.S. cents from 77.94, rising 5.3 percent since Nov. 25.$0$0$0$0$0$0AUD/USD Australia’s dollar fell from almost a two-week high versus its U.S. counterpart after government reports showed consumer spending slowed and building approvals dropped.$0$0Australia’s dollar fell 0.7 percent to $1.0213 at 12:21 p.m. in New York$0$0$0$0$0

$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0GBP    09:30(GMT)   Services PMI                                                                                      50.6%                   51.3%$0$0USD    15:00 (GMT)   ISM Non-Manufacturing PMI                                                             53.6                      52.9$0$0Currencies  $0$0·EUR/USD The eurogained against most major peers as Italy advanced a plan to cut its deficitbefore a European summit on the region’s sovereign-debt crisis.    The euro rose 0.1 percent to $1.3404 at 2:05p.m. in Tokyo from $1.3391 on Dec. 2, when it completed a 1.2 percent weeklyadvance.$0$0·AUD/USD The Australian dollar erased gainsagainst the U.S. currency The so-called Aussie traded at $1.0211 as of3:40 p.m. in Sydney from $1.0215 last week.$0$0·USD/CAD Canada’s dollar staged itsbiggest five-day rally since October after central banks including the Bank ofCanada took steps this week to make it cheaper for lenders to borrow dollarsduring emergencies.$0$0oThe loonie, as the currency is also known forthe image of the aquatic bird on the C$1 coin, gained 2.6 percent this week toC$1.0195 per U.S. dollar in Toronto.$0$0Commodities$0$0Goldprices traded steady on Monday, after posting their sharpest weekly rise inmore than a month, as the euro zone kicks off a week packed with meetings anddecisions crucial to the solution to its debt crisis as well as the euro. Spot gold was little changed at$1,747.29 an ounce by 0326 GMT, after rising nearly 4 per cent in the previousweek. $0$0Oilrose for a second day in New York on concern that tension in the Middle Eastthreatens supplies and speculation that Europe will take steps to tame a debtcrisis that may curb economic growth.$0$0oCrude for January delivery climbed as much as 77cents, or 0.8 percent, to $101.73 a barrel in electronic trading on the NewYork.$0$0 Equities$0$0 $0$0·       Swissstocks (SMI) climbed, posting their biggest weekly rally since July 2009,after a U.S. report showed the unemployment rate in the world’s largest economyunexpectedly fell in November..  The Swiss Market Index, a measure of the biggestand most actively traded companies, advanced 0.7 percent to 5,718.85 at theclose in Zurich.$0$0·Europeanstocks posted their biggest weekly rally in three years as central banksmoved to ease the region’s debt crisis and China increased cash supply for itsbanks to speed up growth in the world’s second-largest economy..$0$0oThe Stoxx Europe 600 Index jumped 8.7 percent to240.73, its largest weekly advance since November 2008$0$0·Asianstocks rose for a sixth day, the longest winning streak since Oct. 13, as Italytook steps to resolve its debt problems before European Union leaders meet thisweek to tackle the region’s crisis.$0$0oThe MSCI Asia Pacific Index rose 0.2 percent to117.92 as of 2:40 p.m. in Tokyo with six of 10 industry groups on the indexgaining.$0$0oJapan’s Nikkei 225 Stock Average rose 0.5percent.$0

$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0CAD    13:30(GMT)   Building Permits                                                                                2.3%                   -4.9%$0$0CAD    14:00 (GMT)   Overnight Rate1.00%                1.00%$0$0CAD  15:00 (GMT)Ivey PMI55.2                   54.4$0$0 $0$0Currencies   $0$0·EUR/USD The euro fellfor a third day after S&P’s announcement, which put European nationsincluding the six AAA-rated countries on watch for potential downgrades pendingthe outcome of a Dec. 8-9 leaders summit.$0$0oThe 17-nation currency declined 0.3 percent to$1.3367 at 12:47 p.m. in Tokyo.$0$0·GBP/USD The pound strengthened against thedollar, snapping a two-day decline, as optimism that euro-area leaders areacting to ease the region’s debt crisis spurred demand for higher-yieldingassets.$0$0oThe pound was 0.6 percent stronger at $1.5687 at4:32 p.m. London time.$0$0·AUD/USD The Australian dollarweakened after the Reserve Bank of Australia reduced its key cash rate targetby 25 basis points to 4.25 percent.$0$0oThe so-called Aussie slid 0.6 percent to $1.0213as of 2:32 p.m. in Sydney.Commodities$0$0 $0$0·US gold fellon Tuesday, tracking spot prices lower on fears of a possible mass creditrating downgrade for euro zone nations by Standard & Poor's.$0$0oGold shed 1.1percent to $1,714.80.$0$0 $0$0·Oildropped from the highest in almost three weeks in New York as investorsspeculated that fuel demand will falter amid signs Europe is struggling to tameits sovereign debt crisis.$0$0oCrude for January delivery fell as much as 61cents to $100.38 a barrel in electronic trading on the New York MercantileExchange.$0

$0December 7^th, 2011 $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0GBP    09:30(GMT)   Manufacturing production m/m                                                  -0.1%                    0.2%$0$0NZD    20:00 (GMT)   Official Cash Rate                                                                                  2.50%                2.50%$0$0 $0$0Currencies   $0$0·EUR/USD The euro roseagainst the majority of its 16 main counterparts amid speculation Europe willexpand funds available to the region’s most-indebted nations as leaders prepareto meet in Brussels tomorrow.$0$0oThe euro rose 0.3 percent to $1.3445 at 7 a.m.London time.$0$0·USD/CHF The Swiss franc weakened after areport showed consumer prices fell in November, increasing speculation thecountry’s central bank will lower the ceiling on the currency’s exchange rate.$0$0oIt weakened 0.8 percent to 92.77 centimes perdollar.$0$0·USD/CAD Canada’s dollar rose for asecond day after Bank of Canada policy makers said growth in the domestic andU.S. economy is stronger than forecast, easing speculation the central bankwould signal further monetary easing.$0$0oCanada’s currency appreciated 0.6 percent toC$1.0100 per U.S. dollar at 5 p.m. in Toronto.$0$0 $0$0 $0$0 $0$0Commodities$0$0 $0$0·Goldmay gain after exchange-traded product holdings climbed to a record, andspeculation that European leaders are making progress in containing the debtcrisis boosted the euro and equities.$0$0oImmediate-delivery gold was little changed at$1,729.68 an ounce at 11:20 a.m. in Singapore after rising 0.3 percentyesterday.$0$0 $0$0·Oilrose for a fourth day in New York on concern global supplies of crude willshrink after the European Union signaled it may ban imports from Iran and U.S.stockpiles declined.$0$0oCrude for January delivery rose as much as 37cents to $101.65 a barrel and was at $101.60 in electronic trading on the NewYork Mercantile Exchange at 3:45 p.m$0$0Equitie U.S.stocks rose, sending the Standard & Poor’s 500 Index higher a secondday, on speculation European leaders may act to contain the debt crisis afterS&P put 15 euro nations on review for possible downgrade.$0$0oThe S&P 500 advanced 0.1 percent to 1,258.47at 4 p.m. New York time.$0$0oThe Dow Jones Industrial Average added 52.30points.$0$0·Europeanstocks fell, snapping two days of gains for the benchmark Stoxx Europe 600Index, as Standard & Poor’s put 15 euro-area nations on watch for potentialrating downgrades.$0$0oThe Stoxx 600 slipped 0.3 percent to 241.92 atthe close. $0$0oFrance’s CAC 40 Index (CAC) retreated 0.7percent.$0$0oU.K.’s FTSE 100 Index added less than 0.1percent.$0$0·Asianstocks (MXAPJ) rose on speculation European leaders meeting this week inBrussels will step up efforts to fight the debt crisis and stave off lowernational credit ratings that may make funding bailouts more costly.$0$0oThe MSCI Asia Pacific Index (MXAP) rose 0.8percent to 117.48 as of 12:48 p.m. in Tokyo.$0$0oJapan’s Nikkei 225 Stock Average (NKY) rose 0.8percent.$0$0oHong Kong’s Hang Seng Index increased 0.8percent.$0

$0December 8^th, 2011 $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0GBP    12:00(GMT)   Official Bank Rate                                                                           0.50%                   0.50%$0$0EUR    12:45 (GMT)   Minimum Bid Rate                                                                               1.00%                1.25%$0$0CAD  13:15 (GMT)Housing Starts0.3%                      0.2%$0$0EUR 13:30  (GMT)ECB Press Conference$0$0USD  13:30 ( GMT) Unemployment Claims397k                      402k$0$0 $0$0Currencies   $0$0·EUR/USD The euro roseagainst the dollar, after erasing earlier losses, as optimism increased thatEuropean leaders will be able to agree on measures to help solve the region’sdebt crisis.$0$0oThe euro rose 0.1 percent to $1.3412 at 5 p.m.in New York after falling as much as 0.4 percent.$0$0·USD/JPY The yen and dollar rose againstmost major peers as Asian stocks declined amid signs of a slowdown in theregion’s economies, boosting demand for refuge currencies.$0$0oThe pair waslittle changed yesterday at 77.65 per dollar.$0$0·USD/CHF The Swiss franc weakened towithin one centime of an eight-month low against the dollar after a lawmakersaid a government panel is considering using negative interest rates to combatthe currency’s appreciation.$0$0oThe franc was little changed at 92.49 per dollarat 4:01 p.m. London time after earlier depreciating to 92.88 centimes.$0$0 $0$0 Commodities$0$0 $0$0·Golddeclined after holdings in exchange-traded products fell from a record and the EuropeanCentral Bank was seen cutting interest rates today ahead of a regional leaders’summit intended to tackle the debt crisis.$0$0oImmediate-delivery gold fell for the first dayin three, losing as much as 0.3 percent to $1,736.43 an ounce and trading at$1,738.02 at 11:30 a.m. in Singapore..$0$0 $0$0·Oiltraded near a one-week low after a gain in inventories indicated demand isrecovering more slowly than projected in the U.S., the world’s biggest crudeconsumer.$0$0oCrude for January delivery was at $100.61 abarrel, up 12 cents, in electronic trading on the New York Mercantile Exchangeat 1:25 p.m. in Singapore. It fell 0.8 percent yesterday to $100.49, the lowestsettlement since Dec. 1.$0

December 9th, 2011

Important Financial Indicators of the day
Forecast Previous
EUR ALL Day EU Economic Status
GBP 09:30 (GMT) PPI Input 0.3% -0.8%
USD 14:55 (GMT) Prelim UoM Consumer Sentiment 0.3% 0.2%

Currencies
• EUR/USD The euro traded 0.3 percent from a one-week low against the dollar after a summit of European Union leaders failed to forge a unanimous accord, damping prospects for a rapid resolution to the region’s debt crisis.
o Europe’s common currency fetched $1.3334 as of 2:18 p.m. in Tokyo from $1.3341 yesterday and has declined 0.4 percent since Dec. 2.
• AUD/USD Australian dollar rose to $1.0194 as of 1:31 p.m. Sydney time from $1.0167 yesterday in New York.

• NZD/USD New Zealand dollars fell to one-week lows on speculation a European summit will fail to push the region’s debt crisis toward a resolution, damping demand for higher-yielding assets.
o New Zealand’s currency retreated 0.6 percent to 76.81 U.S. cents, after sliding to as low as 76.60, also the weakest since Nov. 30.



Commodities

• Gold traders are more bullish as investors buy metal at the fastest pace in a year to protect their wealth from Europe’s escalating debt crisis.
o Bullion rose 20 percent to $1,712.70 an ounce this year on the Comex in New York, and reached a record $1,923.70 in September.

• Oil fell, heading for the biggest weekly decline since September, as investors speculated that fuel demand will falter as Europe’s leaders struggle to contain its sovereign debt crisis.
o Crude for January delivery dropped as much as 75 cents to $97.59 in electronic trading on the New York Mercantile Exchange and was at $98.01 at 1:35 p.m. Singapore time.

$0December 12^th, 2011 $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0GBP    Tentative     BOE Gov King Speaks                                                                             $0$0USD    19:00 (GMT)   Federal Budget Balance                                                                   -138.0B                -95.5B$0$0 $0$0Currencies   $0$0·EUR/USD The dollargained against most of its major counterparts before a German report tomorrowthat may show investor confidence in Europe’s largest economy slid to athree-year low, boosting demand for safer assets.$0$0oThe dollar advanced 0.3 percent to $1.3349 pereuro at 6:48 a.m. in London.$0$0·Asiancurrencies gained after European leaders took steps to contain their debtcrisis and U.S. consumer confidence topped forecasts, easing concern thatglobal growth is slowing. $0$0 $0$0·USD/CAD The Canadian dollar reachedits strongest level in five weeks as signs of growth in the U.S., the nation’sbiggest trade partner, and Europe’s latest plans to tackle its debt crisisfueled appetite for riskier assets.$0$0oCanada’s currency, also known as the loonie forthe image of the aquatic bird on the C$1 coin, appreciated 0.3 percent toC$1.0169 on friday.$0$0 $0$0 $0$0Commodities$0$0 $0$0·Goldprices fell more than 1 percent on Monday on technical selling and concernsthat the European Union summit had stopped short of producing a convincing planto solve the euro zone debt crisis.$0$0oSpot gold lost as much as 1.5 percent to atwo-week low of $1,684.19 an ounce, and regained some lost ground to $1,694.40by 0411 GMT.$0$0 $0$0·Oilslid in New York, extending last week’s decline, as concern Europe will beunable to tame its debt crisis countered Iran’s calls for production cutsbefore an OPEC meeting this week.$0$0oCrude for January delivery fell as much as 37cents to $99.04 a barrel in electronic trading on the New York MercantileExchange.$0

http://a7.sphotos.ak.fbcdn.net/hphotos-ak-snc7/393535_306389149395403_202349203132732_1032617_673312665_n.jpg$0$0http://a8.sphotos.ak.fbcdn.net/hphotos-ak-ash4/378551_306389286062056_202349203132732_1032618_1564980681_n.jpg$0$0http://a2.sphotos.ak.fbcdn.net/hphotos-ak-ash4/386584_306389346062050_202349203132732_1032619_48980253_n.jpg$0$0$0$0http://a1.sphotos.ak.fbcdn.net/hphotos-ak-snc7/383021_306389469395371_202349203132732_1032621_71634051_n.jpg$0$0$0$0December 14^th, 2011 Marketoutlook $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0GBP    09:30 (GMT)    Claimant Count Change                                            16.1k                5.3k                              $0$0USD    15:30 (GMT)   Crude Oil Inventories                                                                           -2.2M                1.3M$0$0Currencies  $0$0·EUR/USD The eurotraded 0.2 percent from an 11-month low as European nations prepare to sellbonds amid concern the region’s debt crisis is far from resolution.$0$0oThe euro traded little changed at $1.3033 as of2:49 p.m. in Tokyo from $1.3037 yesterday in New York, when it touched $1.3009.$0$0·USD/CADCanada’s dollar dropped to its weakest level this month after the FederalReserve supported the U.S. currency by refraining from taking new action tolower borrowing costs. $0$0oThe loonie depreciated 0.7 percent to C$1.0343per U.S. dollar at 5 p.m. Toronto time after reaching C$1.0349, its weakestsince Nov. 30.$0$0·NZD/USD New Zealand dollar tradedwithin half a percent of two-week lows as concern Europe’s debt crisis mayprompt sovereign downgrades sapped demand for riskier assets.$0$0oNew Zealand’s currency earlier fell to 75.41cents, the weakest since Nov. 29, before trading little changed from yesterdayat 75.66 U.S. cents.$0$0Commodities$0$0  Goldrallied from the lowest level in almost eight weeks as the biggest two-day dropsince September spurred more purchases and investor holdings climbed to arecord, countering the effect of a stronger dollar.$0$0oImmediate-delivery gold climbed as much as 0.7percent to $1,642.82 an ounce and was at $1,638.57 at 6:33 a.m. in London.$0$0 $0$0·Oiltraded near a one-week high in New York on signs the Organization of PetroleumExporting Countries may set an output ceiling similar to current levels at itsmeeting in Vienna today.$0$0oCrude for January delivery was at $100.01 abarrel, down 13 cents, in electronic trading on the New York MercantileExchange at 3:52 p.m. Sydney time.$0$0 $0$0 $0$0Equities$0$0 $0$0·Asianstocks fell for a second day as the Federal Reserve refrained from takingnew measures to spur growth and U.S. retail sales rose at the slowest pace infive months, clouding the earnings outlook for Asian exporters.$0$0oThe MSCI Asia Pacific Index fell 0.4 percent.$0$0oJapan’s Nikkei 225 Stock Average (NKY) lost 0.4percent$0$0·U.S.stocks fell, while the dollar and Treasuries rallied, as the FederalReserve refrained from taking more steps to stimulate the economy and concerngrew that European leaders won’t agree on ways to expand the region’s bailoutcapacities.$0$0oThe Standard & Poor’s 500 Index lost 0.9percent.$0$0oThe S&P GSCI Index of commodities rose 1.5 percent.$0$0·Europeanstocks climbed, rebounding from their biggest slide in three weeks, asSpain sold more securities than it had planned at a debt auction and a reportshowed that investor confidence in Germany improved.$0$0oThe Stoxx Europe 600 Index rose 0.5 percent.$0$0oFrance’s CAC 40 Index (CAC) slid 0.4 percent.$0$0oGermany’s DAX Index lost 0.2 percent$0$0

$0' />$0$0' />$0$0' />$0$0' />$0$0$0December 15^th, 2011 $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0CHF    8:30 (GMT)    Libor Rate0.25%              0.25%                              $0$0GBP    09:30 (GMT)   Retail Sales m/m                                                                                 -0.3%                0.6%$0$0EUR    11:25 (GMT) ECB President Dragi Speaks $0$0USD   13:30 (GMT)Unemployment Claims389k                381k$0$0 $0$0 $0$0Currencies   $0$0·EUR/USD The eurotraded 0.4 percent from the weakest level in 11 months against the dollar amidconcern Europe’s sovereign-debt crisis will drive up borrowing costs for Spainat a bond auction today.$0$0oThe euro traded at $1.2993 as of 6:51 a.m. in Londonfrom $1.2983 in New York yesterday, when it dipped below $1.30 for the firsttime since January and touched $1.2946.$0$0·USD/CADCanada’s currency sank to the lowest in more than two weeks against its U.S. counterpartas concern European borrowing costs were reaching unsustainable levels sappeddemand for riskier assets. $0$0oThe loonie, as the currency is known, traded 0.5percent lower at C$1.0397 by 5 p.m. Toronto time after reaching $1.0424, theweakest since Nov. 28 when it touched C$1.0474.$0$0·NZD/USD New Zealand dollars fellagainst most of their 16 major peers on concern Europe’s sovereign-debt crisiswill slow global economic growth, sapping demand for riskier assets.$0$0oNew Zealand’s currency fell 0.5 percent to 74.66U.S. cents after touching 74.62 cents, the weakest since Nov. 28.$0$0 $0$0 $0$0 $0$0Commodities$0$0 $0$0·Goldextended a rout into a fourth day as concern that Europe’s debt crisis isescalating boosted the dollar, raising the prospect that the precious metal mayenter a bear market.$0$0oSpot gold dropped 0.5 percent to $1,566.55 anounce at 1:46 p.m. in Singapore.$0$0 $0$0·Oiladvanced from a five-week low in New York as investors speculated thatyesterday’s drop, the biggest since September, was exaggerated.$0$0oCrude for January delivery increased as much as83 cents to $95.78 a barrel in electronic trading on the New York MercantileExchange and was at $95.21 at 4:50 p.m. Sydney time.$0$0 $0$0 $0$0Equities$0$0 $0$0·Asianstocks fell for a third day amid signs of slowing economic growth in Chinaand Japan, and as rising financing costs stoked concern Europe is losing itsfight against debt.$0$0oThe MSCI Asia Pacific Index fell 1.6 percent.$0$0oJapan’s Nikkei 225 Stock Average (NKY) decreased1.2 percent.$0$0·U.S.stocks retreated, sending the Standard & Poor’s 500 Index lower for athird straight day, as growing funding stress in Europe fueled concern theregion is struggling to contain its sovereign debt crisis.$0$0oThe Dow Jones Industrial Average dropped 131.46points.$0$0·European stocks declined, with the benchmarkStoxx Europe 600 Index falling to its lowest level in two weeks, as the FederalReserve refrained from taking new action to bolster the world’s largest economy.$0$0oThe Stoxx 600 plunged 2.1 percent.$0$0oU.K.’s FTSE 100 Index decreased 2.3 percent.$0$0oFrance’s CAC 40 Index tumbled 3.3 percent.$0$0

$0' />$0$0' />$0$0' />$0$0' />$0$0$0December 16^th, 2011 $0$0 $0$0                       Important Financial Indicators of the day $0$0Forecast           Previous$0$0EUR    8:30 (GMT)   ECB President Dragi Speaks$0$0USD    13:30 (GMT)   Core CPI0.1%                0.1%$0$0 $0$0Currencies   $0$0·EUR/USD The euro easedhigher against the U.S. dollar during mid U.S. trade Thursday on strongereconomic numbers.$0$0oEUR/USD hit a low of 1.2957 and a high of 1.3050during U.S. trade, thepair was likely to find support at 1.2993 and technical resistance exists at1.3019 where is trading higher  at themoment of writing this report.$0$0·USD/JPYthe yen declined against most of their major peers as evidence the U.S. economyis gaining momentum eased demand for havens. $0$0·USD/CAD Canada’s currency advancedfrom almost its lowest level in two weeks as U.S. reports on employment andmanufacturing indicated Canada’s biggest trading partner’s economy isrecovering.$0$0oThe loonie appreciated 0.4 percent to C$1.0351after yesterday reaching C$1.0424, the weakest since Nov. 28.$0$0 $0$0 $0$0 $0$0Commodities$0$0 $0$0·Goldrebounded, trimming the worst weekly loss since September, as positive economicdata from the U.S. eased demand for the dollar as a haven. Silver, platinum andpalladium advanced.$0$0oImmediate-delivery gold rose for the first dayin five, gaining as much as 0.7 percent to $1,580.77 an ounce and was tradingat $1,579.98 at 8:54 a.m. in Singapore.$0$0 $0$0·  Oilrose from a six-week low as investors speculated that the biggest weeklydecline since September is exaggerated.$0$0oCrude for January delivery rose as much as 48cents to $94.35 a barrel in electronic trading on the New York MercantileExchange and was at $93.99 at 2:19 p.m. Singapore time.$0$0

Currencies EUR/USD The dollarrose against most major peers after North Korean state television said nationalleader Kim Jong Il died, spurring concern instability may increase in theregion and boosting demand for the U.S. currency as a haven  The dollar strengthened 0.3 percent to $1.3011per euro as of 6:45 a.m. in London from the close in New York on Dec. 16.AUD/USDThe Australian dollar fell against 15 of its 16 major counterparts before the ReserveBank releases minutes tomorrow of its December meeting when it cut interestrates for the second-straight month.    The Australian dollar fell 0.7 percent to 99.11U.S. cents as of 4:03 p.m. in Sydney from 99.83 in New York on Dec. 16$0$0$0$0$0$$0$0$0

$0 $0$0Currencies  $0$0·EUR/USD The eurotraded 0.5 percent from an 11-month low before Spain sells securities and therelease of a German report forecast to show deteriorating business confidencein Europe’s largest economy.$0$0oThe euro traded at $1.3014 as of 6:31 a.m. in Londonfrom $1.2998 in New York yesterday, after falling as low as $1.2946 on Dec. 14.$0$0·USD/CADCanada’s dollar swung between gains and losses versus its U.S. counterpart ascrude oil and stocks reversed earlier advances, muddying the outlook forcurrencies tied to growth. $0$0oCanada’s currency was little changed at C$1.0389per U.S. dollar at 5 p.m. in Toronto.$0$0·AUD/USD The Australian dollar traded0.4 percent from a three-week low before the Reserve Bank of Australia releasesminutes today of its December meeting when it cut interest rates for thesecond-straight month.$0$0oThe Australian dollar was little changed at99.01 U.S. cents at 10:16 a.m. in Sydney from 98.96 cents yesterday in New York,when it tumbled 0.9 percent$0$0 Commodities$0$0 ·Goldclimbed, trimming the first quarterly decline since 2008, as the recent drop tothe lowest level in almost three months lured buyers, tempering the effect of astronger dollar.$0$0oImmediate-delivery bullion rose as much as 0.5percent to $1,601.70 an ounce, and traded at $1,599.20 at 2:43 p.m. in Singapore.$0$0 $0$0·Oilrose for a second day in New York on forecasts that U.S. crude stockpilesdeclined for a second week and speculation that further sanctions against Iranwill curb supply from OPEC’s second-largest producer.$0

$0Currencies  EUR/USDThe dollar traded 0.8 percent from an 11-month high versus the euro beforeEuropean Central Bank President Mario Draghi speaks today amid concern policymakers are struggling to contain the euro region’s debt crisis.TheU.S. currency traded at $1.3044 per euro as of 2:01 p.m. in Tokyo from $1.3047in New York yesterday.$0$0USD/CADThe Canadian dollar appreciated for a second day against its U.S. counterpartas crude oil advanced and the nation’s statistics agency reported retail salesgrowth that doubled economists’ predictions.Theloonie, as the currency is known for the image of the waterfowl on the dollarcoin, appreciated 0.3 percent to C$1.0266 per U.S. dollar at 5 p.m. Torontotime.$0$0 AUD/USDThe Australian dollar dropped, snapping a two-day advance, amid concern theEuropean Central Bank’s measures to boost liquidity may not stem the region’sdebt crisis.Australia’scurrency fell 0.3 percent to $1.0070.$0$0Commodities Golddeclined as stronger-than- forecast demand for European Central Bank loansraised concern that the region’s debt crisis remains uncontained, boosting thedollar and damping demand for alternative assets. Spotgold fell as much 0.8 percent to $1,602.95 an ounce, and traded at $1,606.75 at2:37 p.m. in Singapore.$0$0 Oiltraded near the highest in more than a week as the biggest drop in U.S. crudeinventories in a decade countered concern that Europe’s debt crisis willworsen. Crudefor February delivery was at $98.92 a barrel, up 25 cents, in electronictrading on the New York Mercantile Exchange at 2:22 p.m. Sydney time.$0

$0http://blog.acfx.com/wp-content/upl...eurusd.jpg $0$0$0http://blog.acfx.com/wp-content/upl...gbpusd.jpg$0$0$0$0$0$0Japanese markets are closed today for aholiday$0$0 $0$0Currencies            $0$0EUR/USD The dollar was set to fallagainst most of its 16 major peers this week as Asian shares extended a globalrally, damping demand for lower-yielding assets.$0$0The dollar dipped 0.3 percent to $1.3090per euro as of 6:43 a.m. in London from the close in New York yesterday.$0$0 $0$0USD/CAD Canada’s dollar appreciated tothe highest in almost two weeks on speculation the economy of the U.S., thenation’s biggest trading partner, is recovering. $0$0Canada’s currency, nicknamed the loonie,gained 0.6 percent to C$1.0203 per U.S. dollar at 5 p.m. in Toronto.$0$0 $0$0USD/JPY The yen fell against most of itsmajor peers as stock markets climbed amid reduced demand for haven assets andsigns the U.S. economy is strengthening.$0$0The yen weakened 0.1 percent to 78.17dollars at 5 p.m. New York time.$0$0 $0$0Commodities$0$0Gold climbed and was set for the firstweekly gain in three after better-than-expected U.S. economic data dampeddemand for the dollar as a haven investment.$0$0Spot gold snapped two days of losses torise as much as 0.5 percent to $1,614.05 an ounce. It was at $1,611.45 at 12:48p.m. in Singapore, up 0.8 percent this week.$0$0 $0$0Oil headed for its biggest weekly gainin almost two months in New York after U.S. economic reports indicated thatgrowth in the world’s biggest crude consumer will accelerate. Crude forFebruary delivery was at $99.87 a barrel, up 34 cents, in electronic trading onthe New York Mercantile Exchange at 1:28 p.m. Singapore time.$0$0