Gold may gain for a second day after better-than-forecast company earnings and signs the U.S. economy is improving drove global equities higher. Spot gold was little changed at $1,641.95 an ounce at 9:39 a.m. in Singapore after climbing 0.2 percent yesterday as the dollar dropped to a three-week low against a six currency basket including […]
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Central Banks decisions will rule the markets this week. We will be hearing from the FOMC, the RNZ and the BoJ. The FOMC has a way of shaking up the markets and I am sure they will live up to their reputation this week. The much anticipated decision of the BoJ will have major effects
Central Banks Rule Read More »
One of the major themes this year has been that loose and loosening G4 central bank policy has helped to remove tail risk, crushed volatility and supported risk assets and currencies. Slowly this theme appears to be shifting. The BoC has turned more hawkish, the BoE has shifted to a less dovish stance and the
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On Tuesday, the EUR/GBP drifted up and down in a tight sideways trading range in the 0.82 big boy ranges. The pair held within striking distance of the key 0.8222/10 support area but a real test didn’t occur. That said, it remains significant that also EUR/GBP failed to record any gains on yesterday’s risk rally.
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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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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
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Stock exchanges dropped at the start of trading on Monday, as traders finally had a chance to react to Friday’s disappointing and confusing jobs report. The major indices showed substantial moves to the downside, pulling back further off their recent highs. The Dow is down 140.39 points or 1.1 percent at 12,919.75, the Nasdaq is
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There probably would have been no sovereign debt crisis if all EU countries consolidated their finances during the “good times”. Unfortunately hindsight is 20/20. Danish ambassador Pultz said his government believed the fiscal treaty was a necessary instrument in the EU’s “common toolbox” and “should be seen as an important part of the EU’s wider
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As the Easter Holiday comes closer, volumes will start to quiet down. This year the Easter Good Friday Holiday coincides with a major Jewish holiday, which means volume will be at an all time low. On Friday the US will release the Non Farms Payroll Report, although most markets will be closed. Mainland Chinese bourses,
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On the last business day of March, the EU Finance Ministers announced their latest attempts to stave off the eurozone debt crisis by boosting the eurozone’s firewall to €800 billion ($US1.07 billion) on the same day as the new Spanish government Mariano Rajoy unveiled a massive cut in its budget deficit together the news failed
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