Market Currents

• Wednesday, November 19, 2008

• 12:32 PM After flying as high as $764.80 an ounce, Comex gold is now flat at $733 as the U.S. dollar firms up. Euro futures traded as high as $1.28, but have moved back to $1.2559. (ETFs: GLD, FXE) 3 Comments

• Thursday, November 6, 2008

• 04:46 AM The euro falls against the dollar and yen as speculation grows on an ECB rate cut later today. In the event of an 'unprecedented' 1% cut, says Citigroup, a dip in the euro is a good opportunity to buy the currency, which could rally toward $1.33. (ETF: FXE) Comment!

• Friday, June 6, 2008

• 02:01 AM ETF reactions to yesterday's ECB statement: Euro Currency Trust (FXE) +1.1%, iPath EUR/USD Exchange Rate ETN (ERO) +0.7%. Comment!

• Tuesday, June 3, 2008

• 11:26 AM Currency ETFs: UUP +0.5%, FXE -0.5%, FXY -0.7%. Comment!

• Monday, May 26, 2008

• 06:15 AM U.S. markets closed today. Beware exaggerated moves in the currency markets. (UUP, UDN, FXE) Comment!