US markets closed slightly higher overnight

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 7 April 2011 09:15

US markets closed slightly higher overnight, helped by M&A activity in the tech sector. The CME ended some 90-points above yesterday’s Tokyo cash finish.

Demand for Precious Metals Strengthens

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 6 April 2011 04:55

Gold gains again in London and New York as investors bought the metal on concern that global interest-rate increases will reduce growth and of the back of that the dollar slumped against the euro.

Portugals borrowing costs escalated dramatically

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 6 April 2011 04:33

Portugal’s borrowing costs escalated dramatically at an auction of Euro 1.6bn worth of short-term bonds this morning

The European currency hits a new high of 14 months

Last Updated on Wednesday, 6 April 2011 03:28 Written by Elena Rajkovic Wednesday, 6 April 2011 03:28

The Euro continues to appreciate making a new 14-month high against the American currency, boosting it to 1.4315. Analysts remain positive believing the currency could peak even higher at 1.4320 and 1.4356…

Wheat & Corn hit new highs

Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Wednesday, 6 April 2011 01:36

Wheat has moved to $8.60 a bushel off the back of corn trading around $8 a bushel, exceeding the record $7.9925 set in June 2008.

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