Daily Market News By Tradingforex.com

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Currencies

EUR/JPY The yen fell 0.4 percent to 101.23 per euro as of 6:12 a.m. in London. The euro rose 0.1 percent to $1.2718, after yesterday touching $1.2662, the weakest level since Sept. 7. The MSCI Asia Pacific Index added 0.2 percent, poised for its first advance in a week.

EUR/GBP The pound was little changed at 80.05 pence per euro at 4:58 p.m. London time after appreciating as much as 0.4 percent to 79.70 pence. The U.K. currency reached 79.61 pence on Nov. 8, the strongest level since Oct. 1. The pound has gained 1.2 percent this year . The euro weakened 3.3 percent and the dollar dropped 1.2 percent.

AUD/NZD Australia’s dollar touched NZ$1.2799, the highest level since Sept. 10, before trading at NZ$1.2788 as of 4:48 p.m. in Sydney, unchanged from yesterday. It rose to $1.0455, the strongest since Nov. 7, before trading at $1.0448, 0.1 percent higher. The Aussie advanced 0.3 percent to 83.08 yen. New Zealand’s currency added 0.1 percent to 81.70 U.S. cents and climbed 0.3 percent to 64.97 yen.

EUR/USD The euro was little changed at $1.2704 at 5 p.m. New York time after touching $1.2662 earlier, the weakest level since Sept. 7. Its 100-day moving average is $1.2644, and the 200-day average is $1.2815.

Commodities

Crude for December delivery was at $85.54 a barrel, up 16 cents, in electronic trading on the New York Mercantile Exchange, at 2:43 p.m. Singapore time. The contract declined 19 cents to $85.38 yesterday, the lowest close since Nov. 8. Prices have lost 13 percent this year.

Brent oil for December settlement, which expires tomorrow, was down 5 cents at $108.21 a barrel on the London-based ICE Futures Europe exchange. The more actively traded January contract gained 6 cents to $107.40. The European benchmark crude was at a premium of $22.66 to New York futures. The spread narrowed yesterday for the first time in three days to $22.88.

Gold for immediate delivery, which rose to a record $1,921.15 an ounce on Sept. 6, 2011, traded at $1,728.35 at 11:57 a.m. in Singapore, 11 percent higher this year. The metal advanced 70 percent from December 2008 through June 2011 as the Federal Reserve bought $2.3 trillion of debt in two rounds of so-called quantitative easing.

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In Asian trading on Thursday US dollar fell against the major currencies on weak data release earlier on Europe and the US.

In the eurozone data revealed that industrial production declined 2.5% in September, well beyond expectations for a more modest 1.9% decline. This sparked fears that the eurozone's preliminary gross domestic product rate for the third quarter will disappoint later Thursday. France, Germany and Italy are also to release individual GDP reports.

In the US, Commerce Department reported earlier that retail sales fell by a seasonally adjusted 0.3% in October, weaker than expectations for a 0.2% decline. Core retail sales, which exclude automobile sales, came in flat last month. Analysts were expecting core retail sales to rise 0.2% in October, after rising by an upwardly revised 1.2% in September. Also the Labor Department reported that producer prices fell by a seasonally adjusted 0.2% in October, compared to expectations for a 0.2% increase, after rising 1.1% in September. The core producer price index declined 0.2% in October, defying expectations for a 0.1% increase, after coming in September.

Later today the U.S. is to release reports on initial jobless claims, consumer price inflation, crude oil stockpiles and data on manufacturing activity in New York and Philadelphia.

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Currencies

GBP/EUR The pound depreciated 0.2 percent to 80.59 pence per euro at 4:41 p.m. London time after sliding to 80.65, the weakest since Oct. 31. The U.K. currency rose 0.2 percent to $1.5864. It earlier declined to $1.5829, the lowest since Sept. 5.

AUD/USD Australia’s dollar was unchanged at $1.0332 as of 3:54 p.m. in Sydney from yesterday, when it touched $1.0307, the lowest since Oct. 26. The currency was set for a 0.6 percent decline against the greenback this week, the biggest since the five days ended Oct. 5. The Aussie bought 83.76 yen after gaining 0.7 percent to 83.86 yesterday.

USD/JPY The index’s break below 81.01 is a sign the gauge will fall and a trading-day close below 80.63 confirms the trend, according to the unit of Bank of America Corp. The Dollar Index has longer-term support at about 78.41 to 78.09.

Commodities

Crude for December delivery, which expires today, was down 11 cents at $85.34 a barrel in electronic trading on the New York Mercantile Exchange at 2:02 p.m. Singapore time. The more- actively traded January contract slid 12 cents to $85.75. The front-month future dropped 87 cents yesterday to $85.45 and is down 0.9 percent this week. Prices have lost 14 percent this year.

Brent for January settlement on the London-based ICE Futures Europe exchange increased 9 cents to $108.10 a barrel. The front-month European benchmark grade was at premium of $22.35 to the corresponding WTI contract, from $25.53 yesterday.

Gold futures for December delivery retreated 0.9 percent to settle at $1,713.80 an ounce at 1:45 p.m. on the Comex, the biggest drop since Nov. 2. Earlier, the price touched $1,704.50, the lowest for a most-active contract since Nov. 7.

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Market Outlook 19 NOV 2012

Currencies AUD/USD Australia’s dollar climbed 0.3 percent to $1.0369 as of 5:35 p.m. in Sydney. It rose 0.3 percent to 84.31 yen after earlier touching 84.51, a level unseen since April 27. The New Zealand dollar traded at 81.34 U.S. cents after gaining 0.4 percent to 81.27 on Nov. 16. It fetched 66.13 yen from 66.08.

JPY/USD The yen depreciated 2.3 percent to 81.32 per dollar in New York this week, its biggest drop since February. The Japanese currency decreased 2.5 percent to 103.60 per euro, its most pronounced fall since September. The euro added 0.2 percent to $1.2743.

GBP/EUR The pound declined 0.3 percent this week to 80.15 per euro at 5 p.m. in London yesterday, after strengthening 1.7 percent during the previous three weeks. The U.K. currency fell 0.2 percent this week to $1.5866. It fell to $1.5829 on Nov. 15, the weakest level since Sept. 5.

Commodities GOLD Spot gold advanced as much as 0.6 percent to $1,723.70 an ounce and traded at $1,722.30 at 12:15 p.m. in Singapore. The metal slumped 1 percent last week as the dollar strengthened for a fourth week against a six-currency basket in the best run since June. Holdings in ETPs backed by bullion rose to 2,603.692 metric tons on Nov.

Crude OIL for January delivery rose as much as 76 cents to $87.68 a barrel in electronic trading on the New York Mercantile Exchange and was at $87.57 at 12:18 p.m. Singapore time. The contract increased $1.05 to $86.92 on Nov. 16 to cap a second weekly gain. Front-month prices are down 11 percent this year.

Brent OIL for January settlement gained 66 cents, or 0.6 percent, to $109.61 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.05 to West Texas Intermediate.

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Market Outlook 20 NOV 2012

Currencies JPY/USD The yen climbed 0.2 percent to 81.25 per dollar as of 6:39 a.m. in London. It touched 81.59 yesterday, the weakest since April 25. The euro fell 0.4 percent to 103.91 yen and declined 0.2 percent to $1.2789.

CAD/USD The Canadian currency advanced 0.5 percent to 99.63 cents per U.S. dollar at 5 p.m. in Toronto after gaining as much as 0.6 percent, the most since Oct. 17. The currency traded below parity with the greenback last week and reached its lowest value since August. One Canadian dollar buys $1.0037.

EUR/USD The euro fell 0.3 percent to $1.2782 as of 10:03 a.m. in Tokyo from the close yesterday in New York. The $1.2450 level was last seen on Aug. 22. The currency had advanced from a low of $1.2043 on July 24 to a high of $1.3172 on Sept. 17.

AUD/USD Australia’s dollar was at $1.0413 at 4:41 p.m. in Sydney after climbing 0.7 percent to $1.0412 yesterday. The currency’s implied three-month volatility declined to 7.62 percent, the lowest since July 2007. The Aussie dollar rose 0.2 percent to NZ$1.2717 following a three-day, 0.8 percent slide. New Zealand’s currency fell 0.2 percent to 81.88 U.S. cents.

Commodities OIL Crude for January delivery was at $89.06 a barrel in electronic trading on the New York Mercantile Exchange, down 22 cents, at 1:26 p.m. Singapore time. The contract surged $2.36 to $89.28 yesterday, the highest close since Oct. 19. Prices have declined 9.9 percent this year.

Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $111.63 a barrel, down 7 cents. The European benchmark crude was at $22.57 premium to New York contracts, from $22.42 yesterday.

Gold for December delivery was little changed at $1,733 an ounce on the Comex in New York. The dollar strengthened 0.2 percent versus the euro after Moody’s Investors Service loweredFrance’s government bond rating, renewing concern the region’s debt crisis is deepening. Euro-area finance ministers are set to meet today in Brussels to discuss aid for Greece. Oil and copper declined today.

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Market Outlook 21 NOV 2012

Currencies EUR/USD The euro dropped 0.4 percent to $1.2762 as of 6:35 a.m. in London from yesterday. It slipped 0.2 percent to 104.50 yen. The Japanese currency touched 81.97 per dollar, the weakest since April 6, before trading at 81.89, 0.3 percent lower than yesterday’s close.

USD/JPY The dollar rose 0.4 percent to 81.72 yen at 12:21 p.m. in New York. The dollar has strengthened 3 percent against the yen in the past week while remaining within a range of 75.35 yen per dollar to 85.53 yen since the March 17, 2011, earthquake and tsunami that rocked Japan. The nation’s currency has fallen at least 1 percent versus all of its 16 most-traded peers since Prime Minister Yoshihiko Noda on March 15 called for elections that polls show favor the opposition party, which supports further monetary stimulus.

CAD/USD The Canadian dollar dropped less than 0.1 percent to 99.68 cents per U.S. dollar at 5 p.m. in Toronto. It touched 99.55 yesterday, the strongest since Nov. 8, as it gained as much as 0.6 percent, the most since Oct. 17. One Canadian dollar buys $1.0032.

Commodities OIL Crude for January delivery was at $86.79 a barrel, up 4 cents, in electronic trading on the New York Mercantile Exchange at 1:14 p.m. Singapore time. The contract lost $2.53 yesterday to $86.75, the biggest drop since Nov. 7. Prices are down 12 percent this year.

Brent oil for January settlement was at $109.94 a barrel, up 11 cents, on the London-based ICE Futures Europe exchange. The European benchmark crude was at a $23.15 premium to New York-traded West Texas Intermediate grade. The spread was $23.08 yesterday, the widest in three days.

Gold futures for December delivery fell 0.6 percent to settle at $1,723.60 an ounce at 1:39 p.m. on the Comex in New York, after reaching $1,736, the highest since Nov. 12. The price has gained 10 percent this year.

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Market Outlook 22 NOV 2012

Currencies EUR/USD The euro added 0.1 percent to $1.2845 as of 2:40 p.m. in Tokyo after earlier touching $1.2868, the highest since Nov. 7. It fetched 105.88 yen from 105.86 yesterday. Japan’s currency touched 82.59 per dollar, the weakest since April 4, before trading little changed at 82.43. The Japanese currency was poised for a 1.4 percent decline against the greenback this week and 2.2 percent drop versus the euro.

GBP/EUR The pound gained 0.1 percent to 80.42 pence per euro at 4:38 p.m. London time after appreciating to 80.06 pence, the strongest since Nov. 14. The U.K. currency rose 0.1 percent to $1.5940 after reaching $1.5949, the highest level since Nov. 9.

AUD/USD The Aussie rose 0.2 percent to $1.0387 as of 5:14 p.m. in Sydney after falling 0.4 percent over the previous two days. The New Zealand dollar, nicknamed the kiwi, added 0.1 percent to 81.55 U.S. cents following a two-day, 0.7 percent slide.

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Currencies

USD/JPY The yen rose 0.2 percent to 82.31 per dollar as of 6:52 a.m. in London after touching 82.84 yesterday, the weakest since April 4. It added 0.2 percent to 106.07 per euro. Europe’s shared currency was at $1.2889 from $1.2884 yesterday, when it climbed to $1.2899, the highest since Nov. 2. Japanese markets are shut today for a holiday. U.S. markets are set to reopen after Thanksgiving yesterday.

EUR/JPY The euro gained 0.6 percent to 106.50 yen at 1:53 p.m. in London after rising to 106.58 yen, the strongest level since April 30. The last time it traded at 107.74 yen was April 23.Fibonacci analysis is based on the theory that prices rise or fall by certain percentages after reaching a high or low. Support refers to an area where buy orders may be clustered.

EUR/GBP The U.K. currency depreciated 0.5 percent to 80.82 pence per euro at 4:32 p.m. London time after sliding to 80.86 pence, the weakest level since Oct. 25. The U.K. currency dropped 0.1 percent to $1.5937.Morgan Stanley predicts the pound will decline to 83 pence per euro by March, Stannard said.

AUD/USD The Australian dollar bought $1.0396 as of 4:50 p.m. in Sydney from $1.0390 yesterday and $1.0339 at the end of last week. The currency fell as low as $1.0288 on Nov. 16 and climbed as high as $1.0425 on Nov. 20. The Aussie’s implied three-month volatility fell to 7.4 percent, the lowest since October 2007.

Commodities

Gold is poised for a weekly advance after investors boosted holdings to an all-time high and central banks added to reserves as Europe’s debt crisis persisted. Palladium headed for the best week in more than two months.

Oil Crude prices fell because of profit taking after the truce was announced as the tension in the Middle East eased,” Gordon Kwan, the head of regional energy research for Mirae Assets Securities Ltd. who predicts Brent will trade from $105 to $120 a barrel this year, said by telephone in Hong Kong. “We don’t think the truce will last long. The pullback in crude prices won’t be significant.”

Brent oil for January settlement declined as much 38 cents to $110.17 a barrel on the London-based ICE Futures Europe exchange and was at $110.30 at 2:52 p.m. Singapore time. Prices slipped 31 cents to $110.55 yesterday. Futures are up 1.2 percent this week and 2.7 percent this year. The European benchmark grade traded at a premium of $23.14 to its U.S. counterpart.

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Currencies

EUR/USD The euro fell 0.2 percent to $1.2952 as of 6:56 a.m. in London from Nov. 23, when it capped a 1.8 percent five-day advance. The shared currency earlier touched 107.14 yen, the highest level since April 27, before trading at 106.41, 0.5 percent below the close in New York on Nov. 23.

AUD/USD The Australian dollar bought $1.0454 as of 5:23 p.m. in Sydney from $1.0461 on Nov. 23, when it rose as high as $1.0471, the most since Nov. 7. The currency’s three-month implied volatility dropped to 7.3 percent, the lowest since July 2007.

GBP/USD The pound advanced 0.6 percent to $1.6030 at 4:13 p.m.London time, after touching $1.6035, the most since Nov. 7. The U.K. currency is set for a 0.9 percent weekly gain. Sterling was little changed at 80.87 pence per euro after touching 81.09 pence, the weakest since Oct. 24.

Commodities

OIL crude for January delivery dropped as much as 47 cents to $87.81 a barrel in electronic trading on the New York Mercantile Exchange and was at $88.12 at 2:18 p.m. Singapore time. Futures advanced 90 cents to $88.28 a barrel on Nov. 23, the highest settlement since Nov. 19. Prices rose 1.9 percent last week and are down 11 percent this year.

Brent for January settlement lost 25 cents to $111.13 a barrel on the ICE Futures Europe exchange. The European benchmark crude was at a premium of $23.01 to New York-traded WTI, compared with $23.10 on Nov. 23.

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Currencies

EUR/USD The euro climbed to $1.3009, the strongest since Oct. 31, before trading at $1.2990 as of 6:48 a.m. in London, 0.1 percent higher than the close in New York yesterday. It gained 0.4 percent to 106.86 yen. The yen weakened 0.2 percent to 82.26 per dollar after earlier rising as much as 0.3 percent.

GBP/USD Sterling fell 0.1 percent to $1.6011 at 4:09 p.m. London time after sliding to $1.5997. It traded at 80.96 pence per euro after earlier dropping to 81.10, the weakest level since 0ct. 24.The 10-year gilt yield fell one basis point, or 0.01 percentage point, to 1.84 percent, after sliding to 1.816 percent, the least since Nov. 20. The 1.75 percent bond due in September 2022 rose 0.07, or 70 pends per 1,000-pound face amount, to 99.24.

AUD/USD Australia’s dollar rose 0.1 percent to $1.0479 at 5:09 p.m. in Sydney after earlier touching $1.0490, the highest since Sept. 21. It gained 0.4 percent to 86.24 yen. New Zealand’s currency traded at 82.34 U.S. cents, 0.2 percent above its close at 82.18 in New York. It bought 67.76 yen from 67.45.

Commodities

GOLD Spot gold advanced as much as 0.2 percent to $1,751.80 an ounce and traded at $1,749.80 at 12:12 p.m. in Singapore. The metal reached $1,754.65 on Nov. 23, the most expensive since Oct. 15. Holdings in ETPs expanded to 2,606.974 metric tons yesterday, data compiled by Bloomberg show. Cash silver rose as much as 0.4 percent to $34.285 an ounce, the highest level since Oct. 11.

OIL Crude for January delivery gained as much as 36 cents to $88.10 a barrel in electronic trading on the New York Mercantile Exchange and was at $88.09 at 1:32 p.m. Singapore time. The contract decreased 54 cents yesterday to $87.74, the lowest since Nov. 21. Prices are down 11 percent this year.

Brent for January settlement advanced 25 cents to $111.17 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.08 to West Texas Intermediate, compared with $23.18 yesterday.

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Currencies

GBP/USD The pound appreciated 0.2 percent to 80.75 pence per euro at 4:40 p.m. London time after strengthening through its 200-day moving average for the first time since Nov. 22. It earlier depreciated to 81.14 pence, the weakest since Oct. 24.

EUR/USD The dollar rose 0.2 percent to $1.2943 per euro at 5 p.m. New York time after dropping to $1.3009, the weakest since Oct. 31. The euro declined 0.1 percent to 106.34 yen after rising as much as 0.5 percent. The Japanese currency was 0.1 percent weaker at 82.15 yen per dollar.

AUD/USD The Australian dollar bought $1.0447 as of 4:46 p.m. in Sydney after falling 0.2 percent yesterday to $1.0446. It dropped 0.4 percent to 85.50 yen. New Zealand’s currency fetched 82.10 U.S. cents from 82.03 and was at 67.19 yen, 0.3 percent below yesterday’s close.

USD/JPY The Japanese currency touched 81.79 per dollar, the strongest since Nov. 21, before trading at 81.83 as of 2:54 p.m. in Tokyo, 0.4 percent stronger than yesterday’s close. The 17- nation euro dropped 0.6 percent to 105.76 yen, and has lost 1.1 percent this week. The dollar bought $1.2925 per euro, up 0.1 percent from yesterday when it gained 0.2 percent to $1.2943.

Commodities

OIL Crude for January delivery was at $87.13 a barrel, down 5 cents, in electronic trading on the New York Mercantile Exchange at 1:47 p.m. Singapore time. The contract decreased 56 cents yesterday to $87.18, the lowest since Nov. 20. Prices are down 12 percent this year.

Brent for January settlement rose 20 cents to $110.07 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.94 to West Texas Intermediate, compared with $22.69 yesterday.

GOLD Spot gold retreated as much as 0.2 percent to $1,738.68 an ounce, the cheapest since Nov. 23, and traded at $1,740.94 at 1:01 p.m. in Singapore. Holdings in ETPs, up 11 percent this year, expanded to 2,612.069 metric tons yesterday, data compiled by Bloomberg show. Cash silver slid as much as 0.4 percent to $33.9063 an ounce and traded at $33.96.

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Currencies

USD/JPY Japan’s currency has fallen 8.8 percent this year, the most among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The euro is the second-worst performer, losing 2.4 percent, followed by the dollar’s 1.9 percent decline.The yen rose 0.4 percent to 81.86 per dollar at 1:07 p.m. in New York.

AUD/USD The Australian dollar was little changed at $1.0472 as of 4:52 p.m. in Sydney from yesterday, when it gained 0.3 percent. It touched $1.0490 on Nov. 27, the highest since Sept. 21. The currency was poised for a 0.9 percent gain this month.

EUR/USD The dollar traded at $1.2946 per euro as of 6:33 a.m. in London from $1.2953 in New Yorkyesterday. It touched $1.3009 on Nov. 27, the weakest since Oct. 31. The yen was little changed at 106.34 per euro and 82.14 versus the U.S. currency.

Commodities

Gold for immediate delivery rose as much as 0.2 percent to $1,723.70 an ounce and traded at $1,720.38 at 1:52 p.m. in Singapore. The price dropped 1.3 percent yesterday, the biggest fall since Nov. 2, on concern that a U.S. deal won’t be agreed. Bullion for February delivery gained as much as 0.4 percent to $1,726 an ounce on the Comex, and was at $1,722.20.

OIL Crude for January delivery climbed as much as 40 cents to $86.89 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.69 at 3:04 p.m. Singapore time. The contract pared a decline of as much as $1.82 yesterday to close down 69 cents at $86.49, the lowest since Nov. 15. Prices have fallen 12 percent this year.

Brent for January settlement rose 20 cents to $109.71 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.02 to West Texas Intermediate futures, unchanged from yesterday.

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Currencies

EUR/JPY The yen reached 107.30 per euro, the weakest level since April 27, before trading at 107.16 as of 6:43 a.m. in London, 0.5 percent lower than the close in New York. It fell 0.4 percent to 82.42 per dollar. The greenback lost 0.2 percent to $1.3004 per euro after touching $1.3014 yesterday, the lowest since Oct. 31.

AUD/USD The Aussie fell versus all of its 16 most-traded peers as capital spending gained 2.8 percent in third quarter, down from 3.4 percent in the second quarter, the Bureau of Statistics said in Sydney yesterday. Australia’s currency depreciated 0.4 percent to $1.0435 yesterday in New York, its biggest drop on a closing basis since Nov. 15. It declined 0.4 percent to 85.69 yen.

CAD/USD Canada’s currency was little changed at 99.25 cents per U.S. dollar at 5 p.m. in Toronto after weakening as much as 0.2 percent. It gained earlier to 99.12. The loonie touched 99.06 cents on Nov. 27, the strongest since Nov. 7. It has strengthened 0.7 percent this month and 2.9 percent this year. One Canadian dollar purchases $1.0076.

Commodities

OIL Crude for January delivery was at $88.03 a barrel, down 4 cents, in electronic trading on theNew York Mercantile Exchange at 3:13 p.m. Singapore time. The contract increased $1.58 yesterday to $88.07. Prices are up 2.1 percent this month and down 0.3 percent this week.

Brent for January settlement was unchanged at $110.76 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $22.73 to West Texas Intermediate futures, from $22.69 yesterday.

GOLD Spot gold added as much as 0.3 percent at $1,730.90 an ounce before trading at $1,729.79 at 2:30 p.m. in Singapore. That would be a 0.5 percent gain for the month. Palladium is set for a 14 percent rally in November, the most since December 2010.

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Currencies

GBP/EUR The pound fell 0.3 percent from Nov. 23 to 81.18 pence per euro at 4:54 p.m. London time yesterday after depreciating to 81.33 pence, the weakest level since Oct. 24. The U.K. currency was little changed on the week at $1.6023, after touching $1.6063, the most since Nov. 2.

CAD/UAS The loonie weakened 0.2 percent to 99.44 cents per U.S. dollar at 5 p.m. in Toronto. It depreciated 0.2 percent on the week, while gaining 0.5 percent in November. One Canadian dollar purchases $1.0056. The U.S. dollar has dropped 2.1 percent, and the yen has been the biggest loser, sliding 9.4 percent.

EUR/USD The euro gained 0.1 percent to $1.2986 at 5 p.m. New York time after touching $1.3028, the strongest since Oct. 23. It extended its monthly gain to 0.2 percent. The yen depreciated 0.5 percent to 107.11 per euro after sliding to 107.67, the weakest level since April 23. It is down 3.6 percent this month. Japan’s currency fell 0.4 percent to 82.48 per dollar to increase its November drop to 3.3 percent.

Commodities

OIL Crude oil for January delivery advanced 84 cents to $88.91 a barrel on the New York Mercantile Exchange, the highest settlement since Nov. 19. Futures increased 0.7 percent this week and gained 3.1 percent this month. Prices are down 10 percent this year.

Brent oil for January settlement rose 47 cents, or 0.4 percent, to $111.23 a barrel on the London-based ICE Futures Europe exchange.The MNI Chicago Report’s business barometer rose to 50.4 in November from 49.9 the prior month. A reading of 50 is the dividing line between expansion and contraction.

Gold capped its biggest weekly drop in more than five months on concern that U.S. lawmakers may fail to reach a settlement in talks aimed at avoiding self-imposed tax increases and budget cuts known as the fiscal cliff.Gold futures for February delivery slid 1 percent to settle at $1,712.70 an ounce at 1:43 p.m. on the Comex in New York. Prices retreated 0.4 percent this month, the second straight loss.

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Currencies The euro fetched $1.3056 as of 8:26 a.m. in Tokyo from $1.3054 yesterday, when it touched $1.3076, the most since Oct. 23. The shared currency was little changed at 107.30 yen from yesterday, having risen 1 percent in the past three sessions. The U.S. currency slid 0.1 percent to 82.19 yen. The so-called Aussie traded at $1.0425 from $1.0421, after having fallen 0.5 percent in the past three days.

The Australian dollar rose 0.3 percent to $1.0449 as of 2:57 p.m. in Sydney after losing 0.5 percent over the previous three sessions. New Zealand’s currency added 0.3 percent to 82.31 U.S. cents.The nation’s bonds fell, with the benchmark 10-year yield gaining five basis points to 3.19 percent.

Commodities Spot gold slid as much as 0.2 percent to $1,712.35 an ounce, and traded at $1,712.88 at 12:37 p.m. in Singapore. Bullion for February delivery declined 0.4 percent to $1,714.70 an ounce on the Comex in New York, while oil and copper retreated. Holdings in ETPs, up 11 percent this year, expanded to 2,623.446 metric tons yesterday,

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Currencies

EUR/USD The shared currency slid to $1.3055 as of 2:10 p.m. in Tokyo down 0.1 percent from yesterday, when it touched $1.3127, the highest since Oct. 18. The euro traded at 107.71 yen from 107.78. The Japanese currency was at 82.51 per dollar, after weakening 0.7 percent to 82.47 yesterday.The euro fell from a seven-week high against the dollar before a report forecast to show the currency bloc’s economy contracted, adding to signs its three-year debt crisis is hindering growth

NZD/USD New Zealand’s dollar gained, buying 82.92 U.S. cents at 11:55 a.m. in Wellington compared with 82.54 cents immediately before the statement. The so-called kiwi reached its highest since Nov. 7 and has advanced about 6 percent against the U.S. dollar in the past 12 months, making it the strongest performer among the Group of 10 currencies .Two-year swap yields rose to 2.67 percent from 2.59 percent late yesterday.

Commodities

OIL Crude for January delivery was at $87.65 a barrel, down 23 cents, in electronic trading on the New York Mercantile Exchange at 2:48 p.m. Singapore time. Prices fell 62 cents yesterday to close at $87.88 a barrel, the lowest since Nov. 28. Futures have dropped 11 percent this year.

Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $108.76 a barrel after sliding $1.03 yesterday. The European benchmark crude was at a premium of $21.09 to New York-traded WTI. It closed at $20.93 yesterday, the narrowest gap since Nov. 2.

GOLD Spot gold was at $1,693 an ounce at 12:27 p.m. in Singapore after fluctuating between gains and losses. The metal fell to $1,684.93 yesterday, the least expensive since Nov. 6, as the dollar rallied on speculation that U.S. lawmakers will reach a budget agreement. Holdings in ETPs climbed to 2,627.59 metric tons yesterday

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Currencies

USD/JPY The Japanese currency lost 0.1 percent to 82.48 per dollar as of 2:10 p.m. in Tokyo from yesterday’s close in New York, and was little changed for the week. The yen weakened 0.1 percent to 106.96 per euro, trimming its weekly gain to 0.1 percent. The shared currency was little changed at $1.2969 from yesterday, when it dropped 0.8 percent, the biggest decline since Nov. 2

CAD/USD The loonie, as the Canadian currency is known for the image of the waterfowl on the C$1 coin, was little changed at 99.14 cents per U.S. dollar at 5 p.m. in Toronto. It touched 98.93, strongest since Nov. 7. One Canadian dollar purchases $1.0087.

AUD/USD Australia’s currency traded at $1.0478 as of 5:07 p.m. in Sydney. Yesterday it rose 0.3 percent to $1.0486 in New York after touching $1.0516, the highest since Sept. 21. The New Zealand dollar, nicknamed the kiwi, bought 83.19 U.S. cents from 83.27. The Aussie has risen 0.5 percent this week, while the kiwi has advanced 1.4 percent.

EUR/USD The euro depreciated 0.8 percent to $1.2970 per dollar at 5:02 p.m. in New York, after falling 0.2 percent yesterday. The common currency dropped 0.9 percent to 106.84 yen, after rising to 107.96 yesterday, the strongest level since April 20.

Commodities

OIL Crude for January delivery was at $86.54 a barrel, up 28 cents, in electronic trading on the New York Mercantile Exchange at 1:56 p.m. Singapore time. The contract slid $1.62 yesterday to $86.26, the lowest close since Nov. 15. Prices are down 2.7 percent this week and 12 percent this year.

Brent for January settlement rose 24 cents to $107.27 a barrel on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $20.73 to West Texas Intermediate. It closed at $20.77 yesterday, the narrowest gap since Oct. 19.

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Currencies

AUD/USD Australia’s dollar fell from near the highest level in more than two months after Chinese exports and imports trailed economists’ forecasts, damping the South Pacific nation’s trade prospects.The Australian dollar slid to $1.0476 as of 5:02 p.m. in Sydney, down 0.1 percent from Dec. 7 when it capped a 0.6 percent weekly gain. On Dec. 6, it touched $1.0516, the highest since Sept. 21.

EUR/USD The euro fell against the dollar and yen for the first time in four weeks after the European Central Bank lowered its economic forecast for the region and policy makers discussed trimming benchmark interest rates.The shared currency fell 0.5 percent to $1.2927 in New York for the first weekly loss since Nov. 9. It touched $1.2877 on Dec. 7, the weakest since Nov. 23.

CAD/USD The Canadian dollar rose to the highest level in a month versus its U.S. counterpart as employers added almost six times as many jobs as forecast in November, countering recent signs of an economic slowdown. The loonie, as the currency is nicknamed for the image of the aquatic bird on the C$1 coin, appreciated 0.6 percent to 98.84 cents per U.S. dollar this week in Toronto. It touched 98.77 cents yesterday, strongest since Nov. 7. One Canadian dollar buys $1.0117.

Commodities

OIL Crude for January delivery rose as much as 52 cents to $86.45 a barrel in electronic trading on the New York Mercantile Exchange and was at $86.41 at 2:25 p.m. Singapore time. The contract dropped 33 cents on Dec. 7 to $85.93, the lowest close since Nov. 15. Prices slid 3.4 percent last week and are down 13 percent this year.

Brent oil for January settlement on the London-based ICE Futures Europe exchange climbed as much as 66 cents, or 0.6 percent, to $107.68 a barrel. The European benchmark crude was at a premium of $21.25 to New York-traded West Texas Intermediate grade. The spread widened on Dec. 7 for the first time in seven days to $21.09.

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[TF2012]

Currencies

EUR/USD The dollar fell 0.1 percent to $1.2957 per euro at 6:23 a.m. in London, following yesterday’s 0.1 percent drop. It fetched 82.33 yen after sliding 0.2 percent yesterday to 82.36. The euro bought 106.68 yen from 106.58 yesterday when it touched 105.98, the weakest level since Nov. 28.The dollar remained lower against the yen and euro amid speculation the Federal Reserve will expand monetary stimulus at a two-day meeting starting today.

CAD/USD The Canadian dollar, called the loonie for the image of the aquatic bird on the C$1 coin, rose 0.2 percent to 98.63 Canadian cents per U.S. dollar at 5 p.m. in Toronto, after earlier touching 98.62 cents, strongest since Oct. 19. One Canadian dollar buys $1.0139.The Canadian dollar reached a seven- week high versus its U.S. peer as the government approved Cnooc Ltd. (883)’s $15.1 billion takeover bid for Nexen Inc. (NXY)

GBP/EUR The pound gained 0.2 percent to 80.44 pence per euro at 4:18 p.m. London time after appreciating to 80.33 pence, the strongest level since Nov. 21. The pound strengthened for a fourth day against the euro after Italian Prime Minister Mario Monti said he intends to resign, boosting demand for the relative safety of British assets.

Commodities

OIL Crude for January delivery was at $85.59 a barrel in electronic trading on the New York Mercantile Exchange, up 3 cents, at 1:16 p.m. Singapore time. The contract slid 37 cents to $85.56 yesterday, the lowest close since Nov. 15. Prices have fallen 13 percent this year, poising crude for its first annual decrease in since 2008.

Brent oil for January settlement on the London-based ICE Futures Europe exchange was at $107.31 a barrel, down 2 cents. The European benchmark crude was at a premium of $21.70 to New York-traded West Texas Intermediate grade. The spread was $21.77 yesterday, the widest in a week.

GOLD Spot gold fell as much as 0.4 percent to $1,706.95 an ounce before trading at $1,709.25 at 2:58 p.m. in Singapore. Bullion rallied to $1,717.36 yesterday, the most expensive since Dec. 3, as the dollar weakened.

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[TF2012]

Currencies

EUR/USD The dollar remained lower versus the euro after a two-day decline, with the Federal Reserve expected to announce today an expansion of asset purchases that tend to weaken the U.S. currency.The dollar was little changed at $1.3006 per euro as of 6:55 a.m. in London after falling 0.6 percent over the previous two days.

USD/JPY It gained as much as 0.3 percent to 82.74 yen before trading at 82.73 from 82.52 in New York. Europe’s shared currency added 0.3 percent to 107.60 yen after rising 0.7 percent yesterday, the biggest one-day gain since Nov. 21.

AUD/USD Australia’s dollar rose to a more than two-month high on prospects that further monetary easing by the U.S. central bank will debase the greenback.Australia’s dollar touched $1.0541, the highest since Sept. 17, before trading at $1.0524 as of 2:56 p.m. in Sydney, little changed from yesterday’s close. The Aussie rose 0.2 percent to 87 yen after reaching 87.04, the strongest since March 28.

NZD/USD New Zealand’s dollar, known as the kiwi, was little changed at 83.90 U.S. cents. It touched 83.98 U.S. cents, matching yesterday’s high, the strongest since March 2. New Zealand’s currency added 0.1 percent to 69.36 yen, after reaching 69.38, the strongest since October 2009.

Commodities

OIL Crude for January delivery was at $85.90 a barrel, up 11 cents, in electronic trading on the New York Mercantile Exchange at 3:12 p.m. Singapore time. The contract gained 23 cents to $85.79 yesterday, the highest close since Dec. 7. Prices are down 13 percent this year.

Brent for January settlement rose 35 cents to $108.36 a barrel on the London-based ICE Futures Europe exchange and was at a premium of $22.46 to West Texas Intermediate. The European benchmark contract is heading for its highest-ever average annual price, at $111.77 a barrel so far this year.