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 »
Chinese equities gained the most in a week after the government signaled it will delay tightening bank capital rules and investors speculated monetary policy would be eased to prevent Europe’s debt crisis from harming the economy. Further China’s biggest auto-dealer association, asked Car producers to scale back their sales targets or sweeten incentives as the
Central Banks and Crude Oil Read More »
Yesterday morning, the USD/JPY cross rate came under moderate pressure as the decline of EUR/USD and EUR/JPY weighed on the headline pair. USD/JPY reached an intraday low at 78.11 early Europe and settled slightly above that level during the morning session in Europe. In the afternoon trade, the yen ‘enjoyed’ quite a substantial setback on
A peak at the Sterling and the Yen Read More »
On Tuesday there was little in the way of news flow, except of the G7 emergency teleconference, which yielded very little in the way of results or news. And there was even less on the eco calendar. The fundamentals affecting the markets on Tuesday were: Australia GDP grows 1.3%, more than twice estimates Australia’s economy
Market Review June 6 2012 Read More »
