Market Update
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BoJ completely ignored. JPY strongly lower across the board. EURJPY at key resistance at 159.00.
Though USD hardly moved on higher than expected CPI figs, inflationary fears were rekindled yesterday, thus pushing fixed income and (EU) stocks lower.
March ’07 WTI again probing $60.5/bbl. A weekly close above would clear up the technical picture and could see oil-prices rally in coming weeks.
Precious metals getting a boost shortly after CPI, though still range bound.
posted by GoldTrade @ 1:59 AM
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