Gold fell for a third day, touching a four-month low and virtually wiping out its gains for 2012 as an escalation in the euro zone debt crisis and political turmoil prompted investors to move to dollars and German government bonds as safe havens. Political upheaval in Greece, a change in the French presidency and renewed concerns about the resilience […]
Gold Falls On Global Sentiment Read More »
Today, there are again few important eco data on the calendar in Europe. In the US, the import prices, the March trade data and the jobless claims will be published. The jobless claims have most market moving potential. A better figure might be slightly supportive for the dollar. However, the focus will stay on Europe.
A Close Look At The Eurozone Read More »
Economic Data for May 10 2012 The calendar has been thin all week; today kicks off with Australia Unemployment numbers and Chinese Manufacturing and Trade Balance and continues to Japan for current account data and trade balance. In Europe, we will see a lot of data coming from the UK including the Bank of England
Market Review May 10 2012 Read More »
Yesterday, there was very little to tell on the price action in the EUR/GBP cross rate with little eco data coming off of a holiday on Monday. The pair remained in a narrow range roughly between 0.8050/75. The below consensus BRC shop price report and RICS house price balance were ignored. Uncertainty on the situation
The GBP vs. the USD and the EUR Read More »
The euro dollar recovered from yesterday’s low of $1.2955, its lowest price since January 25, hit after an anti-austerity backlash by voters in Greece and France caused worries across markets as the defeat of incumbents raised fears that Europe’s collective efforts to resolve the euro zone’s debt crisis may falter. The euro eased 0.2 percent
A Change from Austerity to Growth Read More »
Economic Events for May 9, 2012 for the European and US Markets Today’s eco calendar is virtually bear, with only some local and regional released, which will not have any market affects. The main events coming up are begin on the 10th, when things begin to get exciting. We will see lots of data from
Market Review May 9 2012 Read More »
Economic Events for May 8, 2012 for the European and US Markets 00:01 GBP RICS House Price Balance -10% -10% The Royal Institution of Chartered Surveyors (RICS) House Price Balance measures the percentage of surveyors reporting a house price increase in their designated area. A level above 0.0% indicates more surveyors reported a rise in
Market Review May 8 2012 Read More »
In the beginning of the year, the Indian government increased the duties and taxes on gold purchases. India being the second largest user of gold in the world this increase would generate a huge amount of income for the government. Many people in India as well as investors and speculators claimed that the only reason
India Reverses on Gold Duty Increase Read More »
Economic Events for May 7, 2012 for the European and US Markets 01:30 AUD NAB Business Confidence 3 The National Australia Bank (NAB) Business Confidence Index rates the current level of business conditions in Australia. Changes in business sentiment can be an early signal of future economic activity such as spending, hiring, and investment. The
Market Review May 7 2012 Read More »
The Labour Department said Friday that the economy added just 115,000 jobs in April. Economists had expected a gain of 163,000. The unemployment rate fell to 8.1 percent in April from 8.2 percent in March, but mostly because more people gave up looking for work. Traders tend to buy the dollar and the yen, two
Investors Find Silver Lining in Negative Jobs Data Read More »
