After drifting early in the day, the euro edged higher versus the dollar late yesterday after the ECB said that it will continue to provide ample liquidity to Irish banks. Upside versus the USD, however, was limited with talk of higher interest rates in the US by the end of the year (the Fed’s Kocherlakota said that higher short-term rates, perhaps a rise of 75 basis points, were “certainly possible” in late 2011) providing a bit of a lift for the dollar.
The US will be the focus of attention …

Non Farm Payrolls (NFP) is one of the most important and influential economic reports for the currency markets. The next NFP report will be released this Friday 1st of April at 12:30 GMT by the US Bureau of Labor Statistics. NFP expresses the paid jobs added or lost in the US economy excluding the farm sector as agriculture varies throughout the year.
Why do investors focus on the NFP monthly figures? NFP is a significant indicator for the health of the US economy as it provides insights into the country’s Labor …

Gold and oil prices were higher in late Thursday (March 30) trade as investors took a renewed interest in commodities following an early week rise in the value of the US dollar.
One ounce of gold currently fetches $1,425.90 in late night New York GLOBEX trade. This is up over $7 from Tuesday’s close at $1,418.70.
Gold traded as low as $1,413 earlier in the day in New York NYMEX trade for speculators began a late day surge.
Oil prices are up $.31 in late Wednesday night trade after Wednesday’s settle price of …

The euro has slipped back below the $1.41 level versus the dollar, while also coming under some modest selling pressure versus the GBP, though not before hitting a five month high yesterday versus the UK currency. In terms of forex moves overnight, markets are reacting to comments from Fed officials suggesting that at least some members of the US central bank are starting to give greater consideration to an end to ultra loose monetary policy. The Fed’s Bullard (not a current voting member) told a conference in Europe that the …

The US dollar is much stronger to start the trading week as Americans are becoming more optimistic about the economy and speculators are watching inventory levels on crude oil and other commodities.
The dollar is significantly higher against major currency counterparts in early Tuesday (March 29) morning New York currency trading.
One euro currently nets $1.40755, which is about two pips below its recent 2011 high from March 21st. Several technical analysts believe the dollar is in the midst of a major reversal of direction against the euro and other top currencies …

Gold prices soared to a new intraday record high during Thursday’s (March 24) trade on the New York NYMEX. The precious metal traded as high as $1,447 before falling to a closing price of $1,430.80.
Wednesday’s closing price in New York established the new record high closing price at $1,438.60. The current gold spot rate in early Friday morning New York NYMEX trade is $1,436.40.
Investors trying to avoid higher risk investments in lieu of global political tensions have been moving back into gold.
Oil prices have also been higher in recent …