Yesterday, following a few sessions in which the euro couldn’t gain ground, enough time had passed to give the euro bulls the confidence and courage (in the US session) to buy euros. EUR/USD closed at 1.3188, a 79 tic’s gain from Wednesday evening. Commodities, that also lagged the recent risk-on rally just like the euro, […]
A Story About The Euro Read More »
Economic events scheduled for today 03:00 – CNY – Chinese Fixed Asset Investment Chinese Fixed Asset Investment measures the change in the total spending on non-rural capital investments such as factories, roads, power grids, and property. 03:00 – CNY – Chinese GDP (YoY) Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all
Market Review April 13 2012 Read More »
European equities moved slightly into the red following disappointing auction results out of Italy that further fanned concerns about the eurozone’s fiscal health. Currency markets are not reflecting the mild pessimism that is being factored into European equities, as the USD is selling off against a fairly broad variety of crosses including a small rise
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Gold has edged lower, extending losses made in the previous session, as the US dollar firmed on worries about Spanish debt yields and the pace of Chinese economic growth. The markets this morning seem to be all about risk aversion. Gold fell 1 per cent in the previous session, as a selloff in riskier assets
A Bearish Look At Gold Read More »
Towards the end of last year and early this year, the EUR/GBP cross rate joined the broader market repositioning out of the euro. Investors were well aware that the ECB will keep monetary policy extremely loose in the foreseeable future and will continue to provide ample liquidity. The poor eco outlook and the unresolved debt
A Down and Dirty Look at the EUR/GBP Read More »
The yields on Spanish bonds fell today but markets were cautious as the cost of the country’s borrowings hit four-month highs earlier this week. The interest rate a country pays to borrow on international debt markets, which is also an indicator of risk, for the country’s 10-year-bonds dropped to 5.87pc in the secondary market from
Spain Weighs On Investors Nerves Read More »
Economic events scheduled for today 02:30 | AUD | Employment Change | 6.0K -15.4K 02:30 | AUD | Unemployment Rate | 5.3% 5.2% Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending. The Unemployment Rate measures the percentage of the total work force that
Market Review April 12 2012 Read More »
European markets traded higher today after Alcoa (AA), the country’s largest aluminium Producer, posted an unexpected first quarter profit after orders increased. Alcoa climbed 6.2 percent in pre-market New York trading as aluminium climbed 1 percent from a three-month low. Italy and Germany are among six countries in Europe selling debt today, while in the
Forex And Commodity Roundup Read More »
Gold ended up in late day trading yesterday, with investors continuing to seek a safe haven in the precious metal amid weakness in U.S. and global equity markets. As renewed concerns over the eurozone debt problems resurfaced with yields soaring in bond auctions in Italy and Spain. Investors started to worry if the newly approved
Why Did Gold Surge Yesterday Read More »
Economic events scheduled for today 02:30 | AUD Home Loans (MoM) | -3.5% -1.2% Home Loans record the change in the number of new loans granted for owner-occupied homes. It is a leading indicator of demand in the housing market. 13:15 | CAD Housing Starts | 200K 201K Housing starts measures the change in
Market Review April 11 2012 Read More »
