Gold higher on BoJ decision

Source: Forexpros
© Scanpix/Reuters
On Tuesday, futures for gold edged higher in the European morning trade, following a BoJ decision to increase the asset purchase program. On the NYMEX, December delivery futures for the precious metal were traded at $1,714.65 per troy ounce, which was a 0.35% growth for the day. The commodity's support was likely to be at $1,688.85, while the resistance could be at $1,731.25
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Tue, 30 Oct 2012 12:35:00 GMT

Brazilian swap rate drops on inflation estimations

Swap rate on the contract with a maturity for January 2015 dropped one basis point, or 0.01%, to 7.79%. Together with it, the Real depreciated by 0.3% to 2.0329 per Dollar. Swap rate falls six day in a row, as economists lowered  inflation estimations for the Brazil next year. Also, Brazilian governors cut the key interest rate for a 10th

Tue, 30 Oct 2012 12:24:01 GMT

European markets trade higher on BP and Deutsche Bank results

The Stoxx Europe 600 Index was higher by 0.4% to 270.63 at 8 a.m. in London. Investors trade on BP Plc, second-biggest Europe's oil company, and Deutsche Bank financial results for the third quarter, which have beaten street estimations.  Recently, banks' results bring a lot of sensitivity in the markets: Deutsche bank announced that a third quarter profit is up

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