Tokyo futures fall below 170 yen/kg as oil drops

Tokyo rubber futures dropped below 170 yen per kg to a two-week low, falling for a third straight session as a retreat in oil and gold prices sapped investor appetite for the industrial commodity.
* A speedy, chart-led rally for rubber futures stopped at a touch below 180 yen last week, and traders and investors have since hurried to lock in profits.

Oil falls over 6 percent on economic outlook, dollar

Oil fell more than 6 percent to around $47 a barrel on Monday, depressed by a rising U.S. dollar and growing caution about the pace of any economic recovery and its impact on oil demand.

Chart of the Day

Price action on EUR/USD as of Monday (4/20/2009) morning has expectedly dropped below the key 1.3000 support/resistance level, thereby projecting some significant bearishness in the pair.

Gold steadies, ETF falls from record

Gold hovered near a one-week low on Friday, pressured by firming equities, while dealers took a drop from a record high in the world’s largest gold-backed exchange-traded fund as a sign investor demand may be receding.

Oil eases below $50, gains capped by mixed US data

Oil eased below $50 a barrel on Friday, paring Thursday’s gains as mixed U.S. economic data spotlighted the fragile nature of a possible recovery in the world’s top energy user. Crude’s Thursday rise was fuelled by a surge on Wall Street and data showing the number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week

GBPJPY sticks its neck out

FX Thoughts - Evening I - 15-Apr-2009

USD-CHF @ 1.1477/80...Looking bullish
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R: 1.1470-95 / 1.1515-40 / 1.1580
S: 1.1441 / 1.1400-1390 / 1.1376-58 / 1.1316
Dollar-Swiss has continued to rise during the day and now trades above 1.1450. As such there are good chances of a further rise towards 1.1526 (projected Max High for the Day), which may later extend towards 1.1580

Oil rises by more than $1 on equities, distillates

Oil rose by more than $1 a barrel to above $50 on Thursday, taking heart from rising stock markets and after a large draw in U.S. distillates inventories.

Euro slightly higher as stocks inch up

The dollar and yen slipped against other major currencies on Thursday as European shares eked gains, renewing appetite for so-called riskier assets ahead of the Easter holidays.

Yen drifts vs dlr as activity slows before holiday

The yen drifted against the dollar on Thursday, holding on to gains made the previous day but lacking energy to push any higher as market activity slowed ahead of the Easter holiday weekend.
Volatility in stock markets has been buffeting investors’ risk appetite, prompting them to cut bets built in recent weeks on higher-yielding currencies like the Australian dollar and helping the yen recover from multi-month lows hit this week.