The focus continues to be on Europe as the debt crisis have hampered growth across Europe in the 4th quarter and pushing Greece, Belgium, Netherland, Portugal, and Italy into recessions. GDP in Germany fell 0.2% while France’s GDP grew 0.2% unexpectedly. The longer the debt crisis lingers in Europe, the deeper the impact it will have on growth for second half of this year. China pledged to invest in Europe’s bailout funds and maintain its holdings of euro assets. The massive injection of liquidity or the potential of future central bank intervention is pushing commodities higher today. Gold, silver, and crude are the clear winners, trading up around 1% each. The traders are waiting for the Federal Reserve meeting minutes at 2pm to find clues for potential QE and other Fed balance sheet details. As the world economy slows, one would expect the commodities to trade lower but the unprecedented global central bank actions have propped up the prices in the short term. We continue to see commodities in a trading range awaiting more economic data.
| Metals | Last | %Change | Low | High |
| Au- Apr | 1734 | 0.95% | 1720.3 | 1739.2 |
| Pt-Apr | 1641.7 | 0.85% | 1631.3 | 1645.8 |
| Pd-Mar | 685.7 | -0.20% | 681.30 | 693.60 |
| Ag-Mar | 33.670 | 1.00% | 33.485 | 33.975 |
| London | AM | PM | Minor | PGMs |
| Au | 1725.5 | 1733 | Rh | 1540 |
| Pt | 1633 | 1636 | Ru | 135 |
| Pd | 688 | 688 | Ir | 1100 |
| Ag | 33.69 | DJI | 12854.89 | -23.39 |
| Currencies |
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| USD | EUR | JPY | GBP |
| USD | 0 | 1.308 | 0.01278 | 1.5704 |
| EUR | 0.7645 | 0 | 0.97701 | 1.2006 |
| JPY | 78.25 | 102.36 | 0 | 122.887 |
| GBP | 0.6368 | 0.83293 | 0.8138 | 0 |
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| Crude Brent | 118.89 | Comex Copper | 381.1 |
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| Crude WTI | 101.65 | Nat Gas | 2.454 |
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| *THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES |
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