US DOLLAR - Fresh 2.5 YEAR HIGH AGAINST THE YEN
The United States currency spurted to another upward level against the Yen as it moved on to a two and a half year high against its Japanese counterpart this Thursday and reached a level of 91.41 Yen. The move of the US dollar seems to be extending the decline in the mood on the expectations that the government might resort to another round of monetary policies to ease the crisis.
In the midday trade in New York, the USD was seen moving up approximately 0.3 percentage points up against the Japanese Yen, inching only slightly above the high it gained a little time back of 91.40 Yen. Since the month of November last year, the Dollar has witnessed a rally of almost 12 percent against the Yen.
EURO
EURO HITS FOURTEEN MONTH HIGH AGAINST USD
The seventeen nation currency reached its highest level seen after a gap of fourteen months against the US dollar as it traded at the peak $1.3593. By 5pm New York time the currency had dipped to the $1.3579 mark.
The move was seen after news came in that the number of unemployed citizens had declined in Germany for the month of January from December last year. This gave the Euro a good boost.
The Euro has gained a total of almost three percent against the USD in January, which is the largest since October 2011
JAPANESE YEN
NO RELIEF FOR YEN YET
The Japanese currency plumbed another low seen after a very long time against its G3 peers in trade this Friday.
After results were posted that this had been the biggest decline in the price of the Yen in the past twelve years against the Euro, the market saw the Bank of Japan resorting to even more aggressive policy decisions to ease the tension.
The US Dollar was brought at 91.75 levels after having risen to 91.82 as well.
In January alone the Euro had been up against the Yen by almost 9 percent while the Dollar had risen by almost five percent.
CRUDE
BRENT CRUDE FUTURES RISE
The futures for Brent Crude rose to a high seen after a time period of three and a half years causing the premium to get widened over the US crude. Many concerns were also reported about the rising stockpiles of crude in the United States. Meanwhile the Middle Western countries continued trading quite heavily.
The Premium in Brent crude rose by eighteen dollars for the very first time since this Year started. Many traders also cited their concerns over the piles stocked in Oklahoma and Cushing.
STOCKS
LITTLE CHANGE FOR US STOCKS
The stocks in the United States saw a little change from their last trading session values as investors continued to remain cautious with a mixed bag of economic data not prompting many traders to make any moves. On the other hand impressive earning reports from the telecom giant Qualcomm helped the NASDAQ Index to edge higher. Qualcomm gained roughly four and a half percent to trade at $66.32.
The Standard and Poor's 500 continued on its upbeat track highest since October 2011. So far in the year 2013, the largest daily decline in the S&P has been of 0.39 percent seen the last Wednesday which happened after the economic data was released for the fourth quarter that showed that the economy had contracted in the year 2012.
The Government is also due to release the figures for non-farm pay rolls which is expected to show the addition of roughly 160000 jobs in the month of January.
In the midday trade in New York, the USD was seen moving up approximately 0.3 percentage points up against the Japanese Yen, inching only slightly above the high it gained a little time back of 91.40 Yen. Since the month of November last year, the Dollar has witnessed a rally of almost 12 percent against the Yen.
EURO
EURO HITS FOURTEEN MONTH HIGH AGAINST USD
The seventeen nation currency reached its highest level seen after a gap of fourteen months against the US dollar as it traded at the peak $1.3593. By 5pm New York time the currency had dipped to the $1.3579 mark.
The move was seen after news came in that the number of unemployed citizens had declined in Germany for the month of January from December last year. This gave the Euro a good boost.
The Euro has gained a total of almost three percent against the USD in January, which is the largest since October 2011
JAPANESE YEN
NO RELIEF FOR YEN YET
The Japanese currency plumbed another low seen after a very long time against its G3 peers in trade this Friday.
After results were posted that this had been the biggest decline in the price of the Yen in the past twelve years against the Euro, the market saw the Bank of Japan resorting to even more aggressive policy decisions to ease the tension.
The US Dollar was brought at 91.75 levels after having risen to 91.82 as well.
In January alone the Euro had been up against the Yen by almost 9 percent while the Dollar had risen by almost five percent.
CRUDE
BRENT CRUDE FUTURES RISE
The futures for Brent Crude rose to a high seen after a time period of three and a half years causing the premium to get widened over the US crude. Many concerns were also reported about the rising stockpiles of crude in the United States. Meanwhile the Middle Western countries continued trading quite heavily.
The Premium in Brent crude rose by eighteen dollars for the very first time since this Year started. Many traders also cited their concerns over the piles stocked in Oklahoma and Cushing.
STOCKS
LITTLE CHANGE FOR US STOCKS
The stocks in the United States saw a little change from their last trading session values as investors continued to remain cautious with a mixed bag of economic data not prompting many traders to make any moves. On the other hand impressive earning reports from the telecom giant Qualcomm helped the NASDAQ Index to edge higher. Qualcomm gained roughly four and a half percent to trade at $66.32.
The Standard and Poor's 500 continued on its upbeat track highest since October 2011. So far in the year 2013, the largest daily decline in the S&P has been of 0.39 percent seen the last Wednesday which happened after the economic data was released for the fourth quarter that showed that the economy had contracted in the year 2012.
The Government is also due to release the figures for non-farm pay rolls which is expected to show the addition of roughly 160000 jobs in the month of January.