* Gold faces support at $1,656 - technicals
* Coming Up: U.S. personal income/spending for July; 1230
GMT
(Updates prices, adds quotes)
By Lewa Pardomuan
SINGAPORE, Aug 30 (Reuters) - Gold was trapped in a tight
range on Thursday ahead of a speech from Federal Reserve
Chairman Ben Bernanke on Friday that could stoke expectations
for a third round of quantitative easing to stimulate...
Dollar Stays Higher Versus Yen Before U.S. Spending Data
The dollar remained higher versus the yen following a gain yesterday before U.S. data forecast to show consumer spending climbed the most in five months.
The greenback maintained an advance against the euro as investors weigh whether Federal Reserve Chairman Ben S. Bernanke will signal a new round of bond purchases when he speaks in Jackson Hole, Wyoming tomorrow. The New Zealand dollar touched...
Crude Oil, Gold Edge Lower But Follow-Through to Wait for Bernanke
Talking Points
Crude Oil Edges Lower as “Isaac” Appears to Leave Gulf Refiners Mostly Unscathed
Gold Sold as Firmer Fed Beige Book Undermines Federal Reserve Stimulus Outlook
Commodities Unlikely to Yield Directional Follow-Through Before Bernanke Speech
US Calendar Remains in Focus as Traders Set the Stage for Jackson Hole Symposium
Commodities continue to hover near familiar technical barriers as traders wait for Friday’s much-anticipated...
FOREX-Euro inches higher; Aussie hits 1-month low
* Euro edges up vs dollar ahead of Jackson Hole, ECB
* Aussie still in the doldrums, hits 1-month low
* Little impact on yen from Japan political standoff
By Masayuki Kitano
SINGAPORE, Aug 30 (Reuters) - The euro edged higher versus the dollar on Thursday, finding support ahead of a speech by U.S. Federal Reserve Chairman Ben Bernanke on Friday, but the Australian dollar hit a one-month...
Australian Dollar Near One-Month Low Amid Growth Concerns
Australia’s dollar traded 0.2 percent from a one-month low amid concern slowing global growth is weighing on the country’s economy.
The so-called Aussie remained lower versus the yen following a five-day slide before data this week that analysts predict will show a drop in building approvals. A report today showed construction work completed fell in the second quarter. Losses in the Australian...
Dollar edges higher on Europe pessimism
The dollar edged higher against major rivals during Asian trading hours Wednesday, as optimism for progress in Europe’s debt problems appeared to dim ahead of key upcoming events.
The ICE dollar index DXY +0.00% , which tracks the greenback against a basket of six other major currencies, traded at 81.418, up from 81.334 in late North American trading Tuesday.
Similarly, the WSJ dollar index XX:BUXX +0.04% ,...
US Dollar Rejected on First Resistance Test, S&P 500 Treading Water
THE TAKEAWAY: The US Dollar was rejected downward as an attempt to run higher met with initial resistance while the S&P 500 continues to stall below the March and May swing tops.
S&P 500 – Prices are retesting resistance in the 1415.10-24.90 area marked by the March and May swing tops after an initial push lower, with a Shooting Star candlestick hinting downside momentum may be ready to resume. Initial support...
Euro, Asian shares steady in run-up to Jackson Hole
The euro, Asian shares and commodities held steady on Wednesday as investors awaited U.S. Federal Reserve Chairman Ben Bernanke's speech to international central bankers gathering in Jackson Hole on Friday and a European Central Bank meeting next week.
Eyes are locked on both events for any signs of further monetary easing to come from Europe and the United States.
The euro traded at $1.2557...
CORRECTED-Colombia cenbank says will buy $700 mln through September
(Corrects to show decision was unanimous)
Aug 24 (Reuters) - Colombia's central bank said on
Friday it would buy $700 million in the foreign exchange market
during the rest of August and September in an effort to stem
gains by the peso currency.
The central bank decision to cut the interest rate by 25
basis to 4.75 percent was made by consensus and was unanimous,
it said
Finance Minister Juan...
Inflation, dollar, to define power tariffs
In Summary
The Electricity Regulatory Authority attributes the change to removal of subsidies by government on energy consumption.
Kampala
Power consumers should brace themselves to pay more
for power following a decision by the power regulatory authority to
factor in inflationary pressures, volatile fuel prices and a fluctuating
exchange rate into power...
US Dollar Fights Back to Broken Support; Morning Star Forming on Daily?
Risk-aversion is afoot this morning with the US Dollar pacing the
gainers, just behind the resilient Canadian Dollar. The world’s reserve
currency has been finding a base following Wednesday’s precipitous
sell-off predicated on a more dovish than expected Federal Reserve (one
which we are choosing to ignore given the comments from James Bullard,
the St. Louis Federal Reserve President, which suggested that the data
on which the...
Taiwan may open forex business to brokers as yuan looms
Taiwan is considering allowing
brokerages into the tightly controlled foreign exchange business
in a possible loosening of the island's decades-old currency
controls as it eyes a bigger role in the international expansion
of China's yuan currency.
Taiwan's cabinet is studying the proposal in response to
requests from brokers to help them expand in the yuan business,
chairman Chen Yuh-Chang of...
Australian Dollar Gains Against Majors After RBA Minutes
The Australian dollar rose after the
release of minutes showing the central bank saw domestic
economic growth overshadowing a “fragile” global outlook at
its Aug. 7 policy meeting.
The so-called Aussie added to yesterday’s gains against
most of its major peers as the Reserve Bank of Australia made no
mention of intervening to curb the currency’s strength, which
has persisted despite a decline...
