It was looking great for the USD up until the last two days of this past week losing over two and a half cents to $1.3220 against the Euro.  This fueled the commodity rally as Oil spiked up $2.00 on Friday to over $51.00 even with all the bearish fundamental news with incresed supplies and decreasing demand.  Gold and Silver had greta weeks as Gold is trading right at the resistence of $920.  You need to pay special atention to the currency markets and the USD because sometimes this can override fundamental reasons.  Even with the DJIA recovering old prices have remained steady up here.

This entry was posted on Saturday, April 25th, 2009 at 10:08 am and is filed under Energies, Metals. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.