Euro Falls Versus Dollar as U.S. Economic Data Trails

The euro fell against the dollar after U.S. purchasing managers data and consumer sentiment trailed forecasts, crimping demand for riskier assets. The shared currency pared declines after a stress test showed Spanish banks have a combined capital shortfall of 59.3 billion euros ($76.3 billion), less than earlier estimates amid speculation a financial bailout will be sought. The U.S. currency strengthened versus most of its...

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Aussie Losses To Accelerate On Dovish RBA- Watching 200-Day SMA

Fundamental Forecast for Australian Dollar: Bearish AUDUSD Near Term Focus Now on 10510/20 AUDUSD: Critical Resistance Vulnerable Again Weak Chinese Data Spurs Stimulus Hopes, Majors Rally Against US Dollar The Australian dollar extended the decline from earlier this month as market participants scaled back their appetite for risk, and the high-yielding currency may track lower going into October should the Reserve Bank...

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3 Key Reasons Cabot Oil & Gas Is Positioned For Rising Natural Gas Prices

Natural gas prices have been rising recently because fears of running out of storage capacity are no longer warranted and a collapse in prices is no longer in the cards. Investors looking to participate in the rise could look at natural gas ETFs like the United States Natural Gas Fund (UNG) or the United States 12 Month Natural Gas Fund (UNL). However, many investors are looking for E&P companies well positioned to benefit from...

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Dollar mixed after US data

NEW YORK (AP) -- The dollar is falling against the euro and pound but rising against the yen and franc after data painted a mixed picture of the U.S. economy. The government said the overall economy grew at a slower annual rate in the April-through-June quarter than it previously estimated. Companies cut orders for durable goods last month. The National Association...

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Dollar and precious metals at a glance

NEW YORK (AP) -- Key currency exchange rates Thursday, compared with late Wednesday in New York: Dollar vs: Exchange Rate Pvs Day Yen 77.62 ...

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Germany's Merkel renews pledge to stabilize euro

BERLIN (AP) -- German Chancellor Angela Merkel on Thursday renewed her pledge to stabilize the eurozone, and her insistence that it will be a step-by-step process, as she honored one of the currency's founders — long-serving predecessor Helmut Kohl. Merkel's comments, at an event marking the 30th anniversary of Kohl's rise to power, came hours after Germany's president ratified...

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MONEY MARKETS-Bearish short-term US rates move could take time

A bearish move in U.S. short-term interest rates could take longer than expected if a rally in stocks and other risky assets peters out on worries about the global economy due to the festering debt problems in the euro zone. Greece's shaky finances moved back into the spotlight on Wednesday as international lenders admitted to difficulty in working out how to solve the country's three-years-old-and-counting...

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FOREX-Euro declines on Spain woes as its bond yield tops 6 pct

* Uncertainty over Spanish bailout request unnerves market * Bank of Spain warns of significant fall in GDP in Q3 * BOJ says ready for more monetary stimulus, yen steady NEW YORK, Sept 26 (Reuters) - The euro slipped to a two-week low against the dollar on Wednesday as Spain's economy weakened sharply and its 10-year bond yield again topped 6 percent, increasing worries that the euro...

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Feds to hold oil and gas lease sale in Alaskan reserve

As much as 4.5 million acres of drilling leases in the National Petroleum Reserve in Alaska will be auctioned off by the federal government on Nov. 7. The sale will be the second for the Bureau of Land Management to hold in Anchorage, Ala., during the past 12 months, and it will include 400 tracts of land. It will be the eighth oil and gas lease sale in the Alaskan reserve since 1999. U.S....

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Guest Commentary: Standard and Poor’s Critique of the Swiss National Bank

Last Thursday Thomas Moser, a member of the Swiss National Bank (SNB) governing council, saidthat one of the main reasons for the strong franc is the conversion of Swiss foreign incomes into francs. One day later the SNB monthly bulletin is published. It reveals a huge increase of the Swiss Net International Investment Position (NIIP) by 65 billion francs in the second quarter, a whopping 9% of Swiss GDP. We reported here or...

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Euro hit by Spain worries; dollar gains

LOS ANGELES (MarketWatch) — The euro touched a two-week low Wednesday ahead of key events in Spain that are tied to Europe’s efforts in curbing its long-running debt crisis. EURUSD -0.28% The U.S. dollar, meanwhile, strengthened against most rival currencies, though it briefly pared some of its gains after data on U.S. home sales. MARKETS | Expanded markets coverage• The Tell: Market news and analysis • U.S....

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