EUR/USD declines on ISM report and G7 talks

Source: Forexpros

The Euro was traded lower versus the U.S. dollar on Tuesday, as service sector data foe the U.S. appeared to be better than expected, and talks in G7 did not bring any breakthrough results. EUR/USD peaked at 1.2411 in the U.S. trading session, later consolidating at 1.2445. The support for the pair was likely to be at 1.2335, and resistance was prone to be at 1.2508.

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Tue, 05 Jun 2012 20:17:51 GMT

Oil fluctuated around $84 as investors focus on Europe

On Tuesday, futures for crude oil fluctuated around USD84, finding support from U.S. service growth data, which appeared to be unexpectedly good; and also being affected by investors' consciousness about Eurozone. July delivery futures for sweet crude oil peaked at USD84.03 per barrel, consolidating at the level of USD84.03.

Tue, 05 Jun 2012 19:55:21 GMT

Natural gas rallies for the second day in a row

Futures for natural gas were growing for the second day in a row during the U.S. morning trading session, as weather forecasts predicted warm weather in key regions of the U.S., thus, boosting short-term demand expectations for natural gas. July delivery futures were traded, On the NYMEX, at USD2.461 per MMBtu.

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