Gold has put in gains over the past day as the broad markets have been volatile. However, Crude Oil remains under pressure as concerns have been expressed about too much production and supply in the States.
The Yen has traded in a rather tranquil manner against the U.S Dollar when compared to other major currencies the past week. The Nikkei Index has recovered ground this morning, and the prospect of a weaker Yen is intriguing short term.
U.S Crude Oil has lost a sliver of value in the past week. However, the commodity remains well priced and demand is likely to remain steady and perhaps even improve based on solid economic data and better conditions globally.
The Pound has suffered a decline in value against the U.S Dollar as broad market conditions remain challenging short term. The British currency is approaching critical support levels. Risk management is necessary in the coming days.