USD/CAD is currently holding near its 200-day moving average but the formation of an ascending triangle from start of this month has made the situation ripe for a jump on Tuesday, especially ahead of key data from the US and Canada.
USD/JPY tends to fall further as the session grows to Europe and given the market mood to stay prepared for more bad news from Portugal or Spain, likely in the coming days, the pair may only have a brief stop near 83.75 (S1), the 61.8 percent Fibonacci from late September levels. It could hold that level for the day.
Patagonia Gold Plc said on Wednesday that it has obtained approval of the the biannual environmental impact report (EIR) for El Tranquilo from authorities of Santa Cruz province of Argentina.
South Korea's won that dropped to an 11-week low against the greenback following Tuesday's North Korean attack sharply rebounded on Wednesday, registering a 3.3 percent rally from the day's opening level.
The US dollar slipped in Asian trade on Wednesday, moving off multi-week highs against euro, pound, Aussie and New Zealand dollar, after rising sharply in the previous session which saw an unexpected Korean crisis providing the greenback with safe-haven interests.
Silver and palladium futures posted sharper gains on Tokyo Commodity Exchange (TOCOM) on Friday after stronger than expected data from the world's largest economy on Thursday weakened the US dollar and increased investment appeal for risky assets.
The dust of G-20 has settled. World leaders sat around a large table set this time in South Korea, searched for that magic wand in their suit pockets, and then looked at each other's face with disappointment. They didn't get one to 'calm down' the emerging fears of a 'world war' on trade and currencies. They did not 'direct' China and/or US as some hoped.
Euro rose across the board and pulled off 1-1/2-month lows against the US dollar and British pound on Friday on news EU leaders reassured the holders of outstanding bonds that they would not be forced to take losses. The day's gains, however, did not prevent the single currency from heading for weekly losses versus the majors as investors are still worried that Ireland may default on its bonds.
Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
Gold prices fell more than 1 percent on Friday to their lowest in three sessions, after data showed U.S. non-farm payrolls fell by less than expected in August, boosting the appeal of assets seen as higher risk.
Oil eased on Friday as the market joined in the wait for monthly data from leading energy consumer the United States and Hurricane Earl posed a potential threat to the nation's east coast refineries.
U.S. crude for October dropped 38 cents to $74.64 a barrel by 0920 GMT, on track for its third weekly drop in four weeks, while ICE Brent declined 42 cents to $76.51.
India's soybean production is forecasted to be above 90 lakh tons during this season despite 4% shortfall in the total acreage, said industrial body, the Soybean Processors Association of India (SOPA).
World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand.
In the global market gold witnessed no major movements as the traders are waiting for the US job data which will be released later.
BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortnight away from sealing the well for good.
Gold prices were steady on Thursday, with buyers cautious on the physical market, as investors wait for key U.S. job data due later in the day for further clues on health of the economy.
Data released on Thursday showed a surprise rebound in pending sales of previously owned homes in July, as well as a fall in new jobless claims last week in the U.S.
Oil fell on Friday for the first day in three as traders awaited U.S. monthly jobs data, while Hurricane Earl neared the country's east coast, fuelling concerns of disruptions to refineries and demand during the Labor Day long weekend.
Gold retail purchases in the UAE dropped by nearly 15 percent during August as it coincides with Muslim holy month of Ramadan.
Gold prices were mixed in Asian trade Friday ahead of a key US jobs data while ETF gold eased.
Gold for immediate delivery was seen trading at $1249.64 an ounce at 12.00 noon Singapore time while US gold futures for December delivery was at $1251.7 an ounce at the same time.
India has expunged the ban on export of coconut oil and allowed exporters to ship coconut oil in 5 kg packets from 13 ports in India.
Contrary to popular belief, small diesel vehicles are more environmentally friendly than their lithium-ion battery counterparts, a study suggests.
The European Union said it remained concerned over a gas deal between Russia and Poland.
The EU said terms for access to a gas pipeline under a deal between Russia's Gazprom and Poland's PGNiG may breach European competition law.
Oil fell further below $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
Oil steadied near $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
Gold prices were slightly firmer on Thursday, and could stay on the rise as global economic prospects remain shaky with investors watching for more jobs data out of the United States.
Gold prices advanced marginally in Asian trade Thursday ahead of a key US jobs data.
Gold for immediate delivery was seen trading at $1246.01 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery were little changed at $1,248.03 an ounce on the comex division of Nymex.
Heading into the Labor Day holiday weekend, U.S. retail gasoline prices have fallen for three weeks in a row, currently averaging $2.68 per gallon, the lowest level of the 2010 peak summer driving season, and the second lowest price at this point in the past five summers (Figure 1). This year, prices peaked on May 10 at $2.91 per gallon. Compared to price variation experienced over recent summers, gasoline prices have moved in a narrow range during this summer's driving season (Figure 2).
With the launch of the Singapore Mercantile Exchange (SMX), a pan-Asian multi-product commodity and currency derivatives exchange, on Tuesday the focus of bullion traders has shifted from London to Asia.
Oil rose to $72 per barrel on Wednesday after news Chinese manufacturing growth accelerated last month, easing concerns over the pace of economic recovery.
