ActionForex.com Forex Trading Portal with Forex News, Forecast and Analysis, Charts, Live Rates, Pivot Points, Education, Training, Ebooks Downloads
Oct 11 21:37 GMT
Sponsor
Forex Brokers
Midday Market Recap: Nymex Crude and Canadian Dollar Up Print E-mail
Market Updates |  Written by CEP News |  May 16 08 15:59 GMT | 
(CEP News) - Nymex hit another all-time high of $127.82 per barrel. The Canadian dollar is above parity and U.S. fixed income markets are up following a weak University of Michigan consumer sentiment survey for May. Equities are mixed, yields on U.S. 10-year Treasury notes are down 1.9 bps to 3.80% and Canadian 10-year CGBs are up 1.0 bps to 3.57%.

The Dow Jones industrial average is down 78 points to 12,915 and the S&P TSX Composite Index is up 112 points to 14,940.

The Canadian dollar is up 0.0033 cents to 1.0035 USD and the euro is up 0.0142 to 1.55895 USD.

Yields on two-year Canadian government bonds are up 1.9 bps to 2.80%, with five-year yields up 1.7 bps to 3.16%, 10-year yields up 1.0 bps to 3.57% and 30-year yields flat at 4.04%.

U.S. two-year yields are down 0.7 bps to 2.41%, with five-year yields down 1.0 bps to 3.07%, 10-year yields down 1.9 bps to 3.80% and 30-year yields down 2.5 bps to 4.53%.

The Eurodollar September 08 contract is up 6.0 ticks to 97.30.

The yield curve is flatter, with the 10/2-year spread down 0.5 bps to 138.25 bps.

The Canadian 10-year note is yielding 22.54 bps less than the U.S. 10-year note.

In Germany, returns on two-year German bonds are down 1.0 bps to 3.97%, with five-year yields down 1.6 bps to 4.00%, 10-year yields down 2.8 bps to 4.18% and 30-year yields down 3.5 bps to 4.66%.

Yields on UK two-year bonds are down 3.6 bps to 4.73%, with five-year yields down 4.1 bps to 4.59%, 10-year yields down 7.8 bps to 4.77% and 30-year yields down 9.3 bps to 4.48%.

Toronto's S&P/TSX composite index is up 112 points to 14,940, the Dow Jones industrial average down 78 points to 12,915, the S&P 500 down 6 points to 1,418 and the Nasdaq down 19 points to 2,515.

Regarding European stock markets, the Eurostoxx is up 9 points to 3,280, the UK FTSE 100 up 53 points to 6,304 and the German DAX up 76 points to 7,157.

The Canadian dollar is up 0.0031 to 1.0035 against the U.S. dollar (0.9967 USD/CAD) and down 0.5310 to 104.2450 against the yen.

The U.S. dollar is down 0.8500 to 103.9000 against the yen and the Dollar Index is down 0.670 to 72.700.

The euro is up 0.0142 to 1.5590 against the U.S. dollar, up 0.0091 to 1.5535 against the Canadian dollar, up 0.0027 to 0.7960 against the pound sterling and is higher by 0.17 to 161.97 against the yen.

The pound sterling is up 0.0112 to 1.9585 against the U.S. dollar and up 0.0056 to 1.9521 against the Canadian dollar.

WTI crude oil is up $ 2.70 to $ 126.82.

The front month gold contract at the Chicago Board of Trade is up $22.60 to $902.50 per ounce.

All data taken at 11:51 a.m. EDT.

Generated by CEP Newswires, edited by Cristina Markham, This email address is being protected from spam bots, you need Javascript enabled to view it


Digg!Reddit!Del.icio.us!Google!Live!Facebook!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Squidoo!
 

CEP News:Pro is now available to all Action Forex clients. Get daily access to thousands of real time headlines, commentary from the world's leading economists and analysts and a full real-time audio feed. Click here to sign up and take advantage of our introductory offer. Promo Code: AForex1

Market News Updates
All Market News
From Other Sections
Action Insight - Market Overview
Action Insight - Technical Outlook
Economic Calendar
Latest Forex Fundamentals
Latest Forex Technicals
Long Term Forecasts
Home | Advertising | About Us | Contact Us | Newsletter | Risk Warning | Privacy Policy | Disclaimers | Site Map | RSS | Search
ActionForex.com © 2008 All rights reserved.