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CHICAGO - Jul 9/09 - SNS -- Following is the morning corn futures comment from the futures commission brokerage firm Linn Group. The corn closed mostly lower on Wednesday as it couldn't hold early gains.
MEXICO CITY (Dow Jones)--Mexican stocks opened higher Thursday, maintaining some momentum from a late rally that pulled the market higher the previous session.
FXstreet.com (Córdoba) – The Yen is recovering early losses against the Dollar. USD/JPY was rejected from 93.60 (intra-day high) and started to fell. The rally downside found resistance at 92.70. Current price at 92.80/85 is 0.13% above today’s opening price.
FXstreet.com (Córdoba) – The Euro continues to recovery against the Dollar. EUR/USD rose to 1.3997 reaching a fresh intra-day high. The pair is 0.80% above today’s opening price and has rose more than a hundred pips.
(Adds detail.) LONDON (Dow Jones)--U.K. mortgage lending criteria stopped tightening in May, although actual lending levels remained at very low levels, the Council of Mortgage Lenders said Thursday.
BEIJING, China (AP): The International Monetary Fund has raised its 2009 growth forecast for Asia's developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies.
Figures marked 'r' are revised. Figures marked 'r' are revised.
Some incredible data I'm just reading shows that on July 7th, two days ago, the net AUD/JPY margined longs were twice as much as the USD, EUR and GBP/JPY longs combined. These AUD/JPY long positions have increased at an alarming rate, up by almost 30% in the week to July 7.
Gold and silver steadily fell in Asia and London before they accelerated their losses in New York and ended roughly 0.5% off their noontime lows of $904.85 and $12.73 with losses of 2.14% and 2.73%.
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