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.





