Daily recap of major Commodities and Currencies – November 26th

Here is a daily recap along with the main figures from last business day:

  • Due to the holiday’s (thanksgiving) there is very light traffic and few trading transactions, which explain why most of the commodities and exchange rates showed very little to no movement.
  • The European countries are still on the news, not only Ireland with concerns regarding implementing the 85 billion Euros bailout from the IMF and European Union, but also with Portugal and Spain showing a rise in their bond yields which could indicate trouble in these economies. If there is merit for concern it could have an adverse effect on the EURO/USD and even energy commodities.
  • The tension that rose in the two Koreas made some fluctuations in major currencies and commodities. The North Korea firing was near the South Korea’s sea boarder adjacent to Yeonpyeong Island and claimed (by North Korea) to be part of a military drill. We will need to see, as the week will progress, if there will be any lingering effects of this firing on the market or will it just slowly subside.

Yesterday, crude oil prices changed very little with Europe Brent Spot Price dropped by nearly 0.5% while NYMEX future prices settled without any change from the previous day;

Natural gas price showed very little change with a small rise of the future prices with January delivery (Nymex Henry Hub Future) by 0.11%;

Precious metals didn’t show much action as gold prices and silver prices settled at the same price it was the previous day;

And finally EURO/ US dollar bounced back a bit with a 0.19% increase of the Euro compare to the USD.

In the following table are the main descriptive data from last business day – November 25th including: settled prices, the daily percent change compare to previous business day, and the quantitative change in US dollars of each of these prices and exchange rates (except for USD/CAD, in which the change is in Canadian dollars):

Daily Recap of major Commodities and Currencies November 25th

Because of the Holiday there were no available data on most Spot prices.