Gold hit another record high on Friday

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 09:36

Gold hit another record high on Friday after the dollar fell against a basket of major currencies also taking silver to a 31-year high, while inflation pressures in China also helped lift bullion’s appeal

Corn stronger in light trading

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 09:26

December corn traded over 7 cents lower Thursday before recovering to close 10 1/2 cents higher.

China’s FX reserves in March

Last Updated on Wednesday, 20 April 2011 01:53 Written by MegatraderFX Friday, 15 April 2011 07:37

China’s FX reserves in March have hit the 3 trillion level for the first time. This could be seen as a symbol of China’s strength and growth yet it really shows how undervalued the Yuan is and how inflation could be seriously out of control.

Australian stocks traded lower on Friday

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Friday, 15 April 2011 07:16

Australian stocks traded lower on Friday with the market reacting to inflation, growth, and output data from top trading partner China.

China’s gross domestic

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Friday, 15 April 2011 06:53

China’s gross domestic product growth eased ever so slightly in the first quarter of 2011 to 9.7 percent from 9.8 % in the previous quarter from numbers released today.

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