This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nat Gas, Oil Fall Before Storm Report: Market Bits

"The dollar strengthened after Fed Chairman Bernanke said that further commodity price rises could boost U.S. inflation, and that the Fed would have to respond if higher inflation was sustained," UBS foreign exchange strategist Gareth Berry said.

However, the dollar was falling 0.6% against the British pound sterling at 0.61590 as the UK Purchasing Managers Index registered favorable data.

PowerShares DB US Dollar Index Bullish (UUP) was flat at $21.79 and CurrencyShares British Pound Sterling Trust (GBP) was rising 0.8% to $161.55.

The Brazilian real (BRL) was rising 0.3% against the dollar at $0.6191 as Standard Chartered Global Research raised its short and medium term ratings on the currency to overweight from underweight.

"Policy makers' threshold for currency strength has increased following consolidation in Q1 (first quarter)...This suggests a lower USD-BRL range in Q2 (second quarter)," the report said.

BRL 1.58 is the currency team's new end-quarter target for the U.S. dollar-Brazilian real pairing. WisdomTree Dreyfus ETF BZ Real Fund (BZF) was trading sideways at $28.07.

7 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
KMP $102.03 1.98%
CQP $30.50 0.00%
CLNE $5.49 0.00%
DVN $61.58 0.00%
FSYS $11.07 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs