This week was outstanding in terms of global markets gain. Though, Spain move closer to becoming the fourth euro-area nation to receive aid, Moody’s Investors Service said might hurt credit ratings as the threat looms of a Greek exit. US markets rose this week on reports that Spain was expected to ask the euro zone […]
What Was and What Will Be Read More »
During the weekend, European leaders agreed on a rescue package for the Spanish banking sector. A more in-depth analyses of this agreement can be found in the fixed income part of this report. The euro jumped higher this morning and currently tries to regain the 1.2625 resistance area. There is also a positive reaction on
The EUR/USD and the effects of the Spanish Bailout Read More »
Crude oil futures prices are trading above $86/bbl in electronic platform with gain of more than 2 percent. Oil prices have gained on speculation of higher oil demand from European countries as Spain have requested for bailout to shore up its banks. Spain finance minister have told that it will seek $125 billion. The impact
Crude Oil and Natural Gas Expectations Read More »
US President Barack Obama has urged European leaders to prevent a looming overseas debt crisis from dragging down the rest of the world. He said Europeans must inject money into the banking system. “The solutions to these problems are hard, but there are solutions,” he said. The president spoke on Friday after several days of
Market Review June 11 2012 Read More »
After a flurry of gains, we are set to see some easing on the Street. Not the quantitative kind from central banks. Big Ben (Bernanke) refused to play ball with the markets on another round of quantitative easing (QE). Markets are already showing their displeasure over the Federal Reserve chairman’s ‘disappointing’ remarks. Asian indices are
The Markets After Big Ben (Bernanke) Read More »
Currently oil futures prices are hovering below $83.50/bbl with loss of more than 1 percent in electronic trading. Most of the Asian stocks have headed for a downside trend in lieu of Bernanke statement given on yesterday. A plunge in global financial market was witnessed after hope of further monetary stimulus became vein as Fed
Oil and Natural Gas continue to decline Read More »
Global food prices had their biggest drop in more than two years in May as the cost of dairy products slumped on increased supply, easing strain on household budgets. An index of 55 food items tracked by the United Nations’ Food & Agriculture Organization fell 4.2% to 203.9 points from 213 points in April, the
Market Review June 8 2012 Read More »
As the week culminates, commodities and shares fell on growing fears over Chinese and the Euro Zone economy and as hopes of another round of quantitative easing faded. In his testimony yesterday, the US Fed Chairman Bernanke said that the central bank is ready to act to revive the economy but provided little cues on
The World View as European Markets Close for the 1st Week of June Read More »
On Wednesday, trading in the EUR/GBP cross rate mostly joined the intraday trading pattern of the headline EUR/USD pair. EUR/GBP hovered near the 0.81 area during the morning session. The pair tumbled going into the ECB policy decision and early in the press conference, reaching an intraday low at 0.8051. So, the lack of policy
A Look At the EUR/GBP before the BoE Statement Read More »
European leaders are under intense pressure to try to resolve the crisis at a June 28 to 29 EU summit as Spain struggles to keep the debt wolves at bay and Germany holds its hard-line stance that reform and austerity come before growth. Madrid is now asking for deeper eurozone integration so that European rescue
Market Review June 7 2012 Read More »
