Monthly Archives: November 2013

SAN FRANCISCO (MarketWatch) — Gold futures on Wednesday settled at their lowest level since early July, pressured by strength in the dollar as traders mulled the metal’s appeal against a backdrop of rising U.S. consumer sentiment as well as declines in durable-goods orders and a Chicago’s business gauge. The precious metal lost most of its shine...

There is little on the domestic front (September Average Weekly Earnings) to drive the CAD so focus will remain on external issues and flows. USD/CAD traded heavily earlier in the week as the market backed off the upper 1.05 area but the lack of downside follow-through suggests the market is consolidating, rather than reversing the mid-November rally. Bullish outlook...

(Reuters) - Japan will spend around 1 trillion yen ($9.86 billion) on public works in a stimulus package to be finalized next month, sources said, to help offset the impact of an increase in the sales tax. Prime Minister Shinzo Abe's cabinet is expected to approve the stimulus package, which will total around...

(Reuters) - The euro hit its highest in four years against the yen and a near one-month peak versus the dollar on Wednesday after Germany's two major parties reached a deal on forming a grand coalition. German Chancellor Angela Merkel's conservatives clinched a deal with the Social Democrats in the early hours, triggering a relief rally...