Markets in the US are excitedly anticipating today’s Fed meeting, hoping that some form of further monetary stimulus might be forthcoming. Investors are expecting some sort of monetary easing from the Feds. It will be a fairly quiet session in terms of scheduled economic data releases in Europe and Asia. The BoE will release minutes […]
Market Review June 20 2012 Read More »
Equities are trading down following the increased risk from Europe to control the rising debt concerns. World leaders pressured Europe at the Group of 20 Nations Summit on Monday to take ambitious new steps to resolve its debt crisis while China has committed itself to boosting the resources of the International Monetary Fund in order
Metals and Energy React to Heightened Market Worries Read More »
The G20 leaders focused their response to Europe’s financial crisis on stabilizing the region’s banks, raising pressure on German Chancellor Angela Merkel to expand rescue measures as contagion engulfed Spain. American exporters from Dow Chemical Co. to Hewlett-Packard Co. are preparing for a further decline in demand from Europe as the region’s deepening debt crisis
Market Review June 19 2012 Read More »
The Greek election results make a near-term exit of Greece unlikely, but the longer term outlook regarding euro participation is still uncertain. No party won an absolute majority, but the New Democracy came out first with about 30% of the popular vote and 129 seats (including the 50 seats extra the winner secures according to
The Battle Might Have Ended in Greece but the War Continues Read More »
Today is a very crucial day forglobal financial market, as the whole globe is waiting for the Greece election result. As of now, with 37.4 percent of the vote counted, official results showed the conservative New Democracy with 30.5 percent of the vote, ahead of the radical anti-bailout Syria party’s 26 percent and the pro-bailout Socialist
Greece – Gas and Oil Survive Read More »
This review is being written before the final release of elections throughout the world are tallied. Greece, France and Egypt are voting on Sunday and due to time differences and reporting times, the results remain up in the air so please keep a close eye on the markets as they will be volatile today and
Market Review June 18 2012 Read More »
After the quite some wide swings on Tuesday and Wednesday, the EUR/GBP pair had found some kind of equilibrium too. The pair settled yesterday in a sideways trading pattern close to the 0.8100 big figure. There was too little in the way of hard news to push the cross rate away from this pivot. After
The EUR/GBP and the BOE and The Greeks and the Spaniards Read More »
During early Asian session, oil futures prices are trading above $84.50/bbl with gain of almost 0.90 percent from yesterday’s closing. Positive trend in oil prices is seen driven by both fundamental and economic stimulus in the market. That said, the lower USD also supports higher oil prices and the USD has been falling for the
Crude Oil after the OPEC meetings Read More »
Equities and the euro were helped by reports that major central banks are poised to inject liquidity should the results of weekend elections in Greece unleash havoc on financial markets. The Asian equities are also trading positive due to the above reason. However, news of easing from the central banks has acted as a boost
Market Review June 15 2012 Read More »
Today Gold futures prices have seen little changed from the prior closing and Asian stocks dropped after Spain’s credit rating was cut which has renewed the concern of European crisis contagion to the global growth. The Euro however is showing slight strength against the dollar amid anticipation of a win of new democracy which would
Gold and Silver in the Shadow of Spain and Greece Read More »
