Oil gains on Eurozone optimism, dollar falls

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Source: Marketwatch

On Wednesday, futures for crude oil rallied, as dollar was falling and investors were optimistic about ECB measures to combat Eurozone crisis. However, the supply of crude oil, which appeared to be larger than expected, did not allow further increase in oil prices. On the NYMEX, July delivery futures were traded at USD85.79 per barrel.

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Thu, 07 Jun 2012 06:22:48 GMT

Australian unemployment rate increased in May

Australian jobless rate advanced in May, reported Australian Bureau of Statistic. The rate of unemployment in the country rose to 5.1% on a seasonally adjusted basis in May as compared to April's reading of 4.9%. The figure is in compliance with expectations. After the data release, Australian Dollar rallied against its US counterpart by 0.26% to trade at 0.9955 US

Wed, 06 Jun 2012 20:07:24 GMT

EUR/USD grew significantly on ECB promises

On Wednesday, the Euro gained significantly versus the U.S. dollar, as the ECB President Mario Draghi said that the ECB will act, if Eurozone's economy slips lower. EUR reached 1.2555 against USD in the U.S. afternoon trading session, after pulling back from a session's low of 1.2441. The support was likely to be found at 1.2409, and resistance was prone to be at 1.2573.

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