The markets continue to focus on Greece and the Fed chairman’s Senate testimony today. Dollar is weaker versus Euro on the expectation of a Greek resolution with creditors and Bernanke’s stance on possible future quantitative easing. Greece is preparing a 130 billion euro bailout agreement which must be approved by the political leaders while the Greek unions stage a general strike. Commodities are split in performance as industrial metals continue to lag due to uncertain economic conditions out of China and Europe while gold and silver are holding up well as traders and investors continue to use them as safe havens/hedges. Everyone is collectively holding their breath until we can see some resolutions to the global economic uncertainty. Metals will continue to be range bound in the short term.
Metals | Last | %Change | Low | High |
Au- Apr | 1733.5 | 0.50% | 1712.6 | 1735 |
Pt-Apr | 1630.4 | 0.09% | 1614.8 | 1633 |
Pd-Mar | 702.85 | -0.58% | 696.05 | 707.50 |
Ag-Mar | 33.715 | -0.10% | 33.155 | 33.830 |
London | AM | PM | Minor | PGMs |
Au | 1720 | 1724 | Rh | 1525 |
Pt | 1623 | 1619 | Ru | 130 |
Pd | 702 | 700 | Ir | 1100 |
Ag | 33.28 | DJI | 12869.46 | 24.33 |
Currencies |
|
|
| |
| USD | EUR | JPY | GBP |
USD | 0 | 1.3203 | 0.013023 | 1.5823 |
EUR | 0.7573 | 0 | 0.98625 | 1.1984 |
JPY | 76.79 | 101.38 | 0 | 121.503 |
GBP | 0.632 | 0.83444 | 0.823 | 0 |
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES | ||||
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