May 9th, 2011 16:11:08 GMT

Oil up over 4 bucks

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NYM light crude infact up $4.30 or 4.42% on day.  This will be helping lend EUR/USD some much-needed support.  Pairing presently up at 1.4315. Reminds me of first thing this morning in Europe.  EUR/USD rallied along with oil price rise.  … Continue reading

3 Comments

May 9th, 2011 07:34:02 GMT

Oil up over 2 bucks

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NYM light crude up $2.29 at $99.46, extending recovery.  Gold ticking higher too, presently at $1,504. Against this backdrop EUR/USD up at 1.4420.  Talk Asian central banks been buying EUR/USD this morning.

2 Comments

May 6th, 2011 08:20:34 GMT

EUR/USD slips again

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Model funds seen selling.  We’re at 1.4515 having been as low as 1.4507 so far.  Personally I’m just watching the oil price.  Crazy crazy stuff. UPDATE:  Talk of large stops through  1.4480 in EUR/USD UPDATE: Asian sovereign buying EUR/USD around … Continue reading

3 Comments

May 5th, 2011 19:26:40 GMT

CME widens price limits

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Traders are scrambling for the exits as the CME raises its price limits on a number of contracts by 200%, CNBC reports. If you thought “limit down” in crude was $10 bucks today, SURPRISE!, They’re now $20 bucks…Oill accelerated losses … Continue reading

7 Comments

May 2nd, 2011 13:23:47 GMT

Oil bounces a quick buck

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Oil has bounced quickly from just above $112 a short while ago to $113.35 at the moment. Metals steady around $1555 and $45.50… EUR/USD is steady at 1.4845.

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