Monday, January 30, 2012

After the run up following the Fed’s low interest rate policy stance

After the run up following the Fed’s low interest rate policy stance last week, the markets are drifting lower this morning on profit taking and the stronger dollar. US Personal income was up 0.5% in Dec while personal spending was flat. Europe is still waiting for some resolution on the Greek debt issue while EU leaders meet to discuss fiscal policies and how to end the financial crisis. Overall, markets have been very quiet this morning with most standing on the sidelines waiting for more news out of Europe and China.

Metals

Last

%Change

Low

High

Au- Apr

1735.9

0.02%

1718.8

1742.8

Pt-Apr

1612

-0.65%

1601.6

1625.8

Pd-Mar

687

-0.41%

679.55

692.90

Ag-Mar

33.495

-0.87%

33.035

34.015

London

AM

PM

Minor

PGMs

Au

1720.5

1729

Rh

1450

Pt

1601

1603

Ru

120

Pd

681

684

Ir

1100

Ag

33.18

DJI

12566.69

-93.77

Currencies

USD

EUR

JPY

GBP

USD

0

1.311

0.013093

1.5686

EUR

0.7628

0

0.99879

1.1966

JPY

76.37

100.12

0

119.799

GBP

0.6375

0.83574

0.8347

0

*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES

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