May 12th, 2011 06:03:12 GMT

Eurostoxx 50 futures down 1% early

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Dax futures down 0.8%, CAC 40 futures down 0.9%. Oil, gold, silver etc giving ground as European trading gets underway. Risk seemingly off.  EUR/USD has drifted down to 1.4205 in slow trade.

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May 10th, 2011 06:23:46 GMT

Oil clawing back some losses

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NYM light crude presently down only 1 1/2 bucks.  EUR/USD steadying a little against that backdrop, presently at 1.4285 having earlier posted session low 1.4267.  Guess it helps to be an oil trader if you want to trade EUR/USD at … Continue reading

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May 10th, 2011 05:27:27 GMT

Oil extending losses

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NYM light crude now off 2 bucks.   Will be weighing on EUR/USD which has slipped through 1.4300, presently at 1.4293.

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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

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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.

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