Market Review 9.5.12

Source: ForexYard

Riskier currencies and commodities fell once again during Asian trading, as investors continue to react to Greek and French elections held last weekend. The EUR/USD dropped as low as 1.2964, close to a three-month low. Crude oil fell to $96.26 a barrel.

Main News for Today

US Crude Oil Inventories- 14:30 GMT
• Crude oil stockpiles have increased dramatically in recent weeks, signaling decreased demand in the world’s biggest oil consuming country
• Should today’s figure come in above the forecasted 2.0M, the price of oil could fall further during the afternoon session

Read more forex news on our forex blog

Forex Market Analysis provided by ForexYard.

© 2006 by FxYard Ltd

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.