News stock forex market commodity currency
- Crude Oil, Copper Follow Stocks Lower on Greek Coalition Setback
- Gold and Silver Sold as US Dollar Rides Haven Demand Higher
Commodities are moving lower in early European trade as risk aversion grips financial markets once again, weighing on growth-geared crude oil and copper prices and driving safe-haven flows into the US Dollar, thereby applying de-facto downward pressure to gold and silver. The rout follows news that Antonis Samaras, leader of Greece’s center-right New Democracy (ND) party, failed to cajole enough support to form a coalition government following the weekend’s general election.
The task now falls on Alexis Tsipras, the head of the Syriza
Source: Swing Trading Daily
Currency Market News
Digital Text Feeds (World Currency Watch)
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