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dailyfx.com

• Dollar and S&P 500 Ready for Fed Rate Decision
• British Pound Awaits UK Budget, BoE Go Ahead for Stimulus
• Euro Tests Four Month Lows as Cyprus Plan Rejected
• Japanese Yen: What will Kuroda Do in His First Day at the BoJ Reins
• New Zealand Dollar Weighs RBNZ Warnings against 4Q GDP
• GoldClimbs a Fourth Day, Focus Shifts from Euro Risk to Stimulus

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dailyfx.com

• Cyprus negotiating deal with Russia
• British budget in focus, after BoE minutes
• Fed meeting statement and Bernanke news conference awaited

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reuters.com

• Dollar dips vs yen but losses limited
• Yen not too far from last week's 3-1/2 year low vs dlr
• Markets await BOJ governor Kuroda's maiden speech

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dailyfx.com

Crude Oil, Copper Rise as Cyprus Bank Levy Rejection Boosts Risk Trends
Gold and Silver to Find Support as US Dollar Weakens on Dovish FOMC

WTI Crude Oil (NY Close): $92.16 // -1.58 // -1.69%
Prices reversed lower to test support at the 92.00 figure, marked by the 23.6% Fibonacci expansion. A break beneath that exposes the 38.2% level at 90.73. Near-term resistance is at 94.07, the March 19 swing high.

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fastmarkets.com

Gold moved fractionally higher on Thursday morning but remained trapped in its newly elevated $1,600-1,620 range, with fears over the stability of Cyprus failing to fuel risk aversion to force a break.

Spot metal was last at $1,607.80/1,608.60 per ounce.

In the other metals, platinum recovered somewhat, gaining $4 to $1,576/1,586 per ounce but palladium edged $1 lower to $755/761 per ounce. Silver is up seven cents at $28.86/28.94.

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reuters.com

• Yen steadies after short positions squeezed on Thurs
• Euro pinned near 4-mth lows vs USD on Cyprus uncertainty
• U.S. data points to growing momentum

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bdlive.co.za

THE 10 biggest gold companies led by Barrick Gold Corporation spent more than $100bn in the past 20 years buying new mines and projects around the globe. Now they are feeling the pressure to throw the strategy into reverse.

A Bloomberg index of 14 large gold miners has lost 27% in the past year, worse than the 7.2% drop in a similar gauge of global oil companies. The gold industry, which underperformed the metal for five of the past seven years, has tried to stop the slide by ending gold-price hedges raising dividends, building new mines and, most recently, pledging spending discipline.

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reuters.com

• Deal reached to spin off Greek units of Cypriot banks
• Euro gains limited by risk of Cyprus banking collapse
• Weaker-than-expected German Ifo index weighs on euro

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smh.com.au

• AUD slips to $US1.0428
• SPI futures up 21 points to 4994
• US shares up on optimism for Cyprus deal
• Oil gets a lift from equity markets
• Euro shares flat amid expected Cyprus deal
• Wall Street Week Ahead: US stocks to run at record highs

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firstpost.com

Copper, a leading indicator of the equity markets gave a bearish signal this week breaking below a consolidation pattern that began forming in October 2011. Other leading commodities such as oil, gold, silver and aluminum too have not supported the equity rally for a long time.

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