Overnight, the Bank of Japan kept interest rate the same and kept bond purchasing fund at 30 trillion yen at their policy meeting. The BOJ indicated that it will keep using monetary policy as a tool to spur economic growth. The ZEW economic sentiment in German and EU were both much higher than expected after unprecedented liquidity injections from the ECB over the past few months. US Retail sales and retail sales less auto rose 1.1% and 0.9% in Feb. All eyes are on the US Fed today when they will decide interest rates and traders will pay close attention to any language regarding future quantitative easing. The focus in Europe is now off Greece but turning to Spain. With austerity, sluggish economic growth and high youth unemployment rate, Spain is very vulnerable. US dollar is stronger today resulting in slight downward pressure on gold. We expect high volatility before and after the Fed announcement at 2:15pm.
| Metals | Last | %Change | Low | High |
| Au- Apr | 1688.2 | -0.68% | 1683.3 | 1706.2 |
| Pt-Apr | 1692.7 | -0.18% | 1689.6 | 1702.8 |
| Pd-Jun | 701.7 | -0.29% | 697.90 | 704.25 |
| Ag-May | 33.415 | 0.01% | 33.180 | 33.835 |
| London | AM | PM | Minor | PGMs |
| Au | 1694.75 | - | Rh | 1525 |
| Pt | 1698 | 1691 | Ru | 130 |
| Pd | 700 | 701 | Ir | 1100 |
| Ag | 33.58 | DJI | 13011.78 | 52.07 |
| Currencies |
|
|
| |
|
| USD | EUR | JPY | GBP |
| USD | 0 | 1.307 | 0.012086 | 1.5683 |
| EUR | 0.7651 | 0 | 0.92469 | 1.1999 |
| JPY | 82.74 | 108.14 | 0 | 129.754 |
| GBP | 0.6376 | 0.8334 | 0.7707 | 0 |
|
|
|
|
|
|
| Crude Brent | 125.2 | Comex Copper | 386.8 |
|
| Crude WTI | 105.93 | Nat Gas | 2.223 |
|
| *THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES |
| |||
No comments:
Post a Comment