Tuesday in the Currency Market
July 21, 2009 by Trace
Filed under Daily Forex Analysis
In the currency markets the Euro is trading flat at $1.4208; off 2/100ths of U.S cent. Crude Oil is a shade higher at $64.14 up 16 cents per barrel. Oil gained 42 cents yesterday. In stock trading the Dow ended yesterday’s session with a 104 point gain. Early indications are calling for an 11 point rise this morning. Before the markets open we will get earnings form Dow components Coke and Caterpillar which may well change the opening indication. Things are quiet for the moment on the geo-political front.
Metals are trading mixed with a slight negative bias this morning. Traders seem to standing on the sidelines given today’s idle economic calendar and little action in the Oil and Euro currency markets. Silver is changing hands at $13.56 off 9 cents. Gold is unchanged at $948.00. Palladium is $256.00 up $1.00 per ounce. Platinum is $15.00 lower with the last trade at $1175.00. Today’s Capitol Hill appearance by Ben Bernanke is having little to no impact on trading with much of the Chairman’s testimony already having been leaked to the press.
