At the beginning of this year(2011), the commodity prices in several Asian countries went up sharply. There were some indications that it would be a very long time for these countries to take measures to restrain inflation.

According to the report, the inflation rate in India increased by 8.4% on December in 2010.

At present, one of the main task for Asian countries was to keep inflation down. Bank of Japan restated that it would continue to restrain inflation. In...

Talking Points

* Japanese Yen: Mixed Against Majors
* Pound: U.K. Banks Raise Borrowing Costs
* Euro: Holds Narrow Range For Third Day
* U.S. Dollar: ECB Trichet, Fed’s Yellen on Tap

The Euro fell back from a high of 1.4006 during the overnight trade to maintain the narrow range from the end of the previous week, and the exchange rate may hold steady throughout the day as the economic docket remains fairly light for Monday. The EUR/USD...

U.S. Non-Farm Payrolls Declines 95,000 in September

Nonfarm payrolls in the world’s largest economy fell 95K in September after tumbling 57K the month prior amid economists’ expectations of -5K. At the same time, the unemployment rate remained unchanged at 9.6 percent. The breakdown of the report showed that private payrolls rose less than forecasts, while manufacturing payrolls unexpectedly dropped 6K. Following the dismal report, most major currencies pushed hight against the U.S....

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

Commodities - Energy

Oil May Break Support as Monthly US Deficit Hits Record

Crude Oil (WTI) $81.25 -$0.24 -0.29%

Prices have pulled back from resistance at $82.23 to find support at a rising trend line established...

FXCM Speculative Sentiment Index (SSI) Statistics:





Intraday Highlight:

USDJPY - The ratio of long to short positions in the USDJPY stands at 2.41 as nearly 71% of traders are long. Yesterday, the ratio was at 3.41 as 77% of open positions...