Forex Flash: Big week with central bank policy meetings - NAB

FXstreet.com (Barcelona) - As the NAB strategy team notes, it is a big week with central bank policy meetings, "from the Fed (on Wednesday and including a post-FOMC press conference) and the ECB (Thursday) plus some key US data, notably Wednesday’s US manufacturing ISM and Friday’s payrolls report (consensus for the latter currently sits at +150k)."

Apr 29, 2013

Forex: USD/JPY leaking lower during quiet Asia session

The USD/JPY is trading in a narrow range during the Asia session, down 13 pips at 97.78. The pair traded as low as 97.55 last Friday, before finding firm support and edging off the lows later in the day. Trading will be thin in the coming session with both Japan and China closed for holiday. The latest COT report had few interesting Yen developments worth pointing out.

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Apr 29, 2013

Precious metals recover some losses, finish week higher

The precious metals markets finished the day lower on Friday with gold ending the day down 0.34% at 1462.20 while silver finished day down 1.51% at 24.00. However, both commodities were able to find support at lower levels gold having traded as low as 1447, and silver all the way down to 23.63. For the week, gold finished up an impressive 3.8%, while silver added 2.87%.

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