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On Wednesday, trading in the major sterling cross rates, including in EUR/GBP, was far less animated than was the case over the previous days. Initially, sterling held near the recent highs against the single currency, but there were no additional gains. The UK data were mixed. The BBA loans for home purchases were weaker than […]
The GBP Doesnt Measure Up Against the Euro Read More »
Yesterday, sterling was well bid, even as the news flow from the UK was not supportive for the currency. Uncertainty on the outcome of the EU summit was the key factor for trading in the major euro cross rates. However, sterling was an outperformer. EUR/GBP was on a gradual downward trajectory throughout the morning session
The Unsinkable EUR/GBP Read More »
Asian equities are trading down by nearly a percent after weak western counterparts and weak economic development. The Chinese bourses are closed due to dragon-boat festival and metals may remain mostly subdued due to lack of downstream demand. Further, from the Euro-zone, Greece pro-bailout parties are forming the coalition while it needs to ensure austerity
Whats the story with Gold Read More »
On Thursday morning, EUR/GBP traded more or less in line with the development of the headline EUR/USD pair. The pair traded in the high 0.80 area at the start of trading in Europe. The euro came under pressure early in the session as the Germany PMI disappointed. The UK retail sales were marginally better than
The EUR/GPB Technical Speaking Read More »
Equities are trading up after increased import and export figures from Japan supported gains. The G-20 summit endorsed policies related to the Spanish Banks as the yields of the 10-year bond has increased above 7 percent hitting a record high for the EU at 7.13%. Spain is also scheduled for a bond auction tomorrow and
Gold before the FOMC Read More »
Last week, there were quite some remarkable price moves on global market, including on the currency market. The data were only of second tier importance. It was all repositioning ahead of the key Greek elections. This vote was largely seen as a key milestone for the survival of the EMU project. However, given the high
Making Head or Tail of the EUR/USD 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 »
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 »
This morning base metals are trading down by 0.4 to 1.6 percent apart from Aluminum at LME electronic platform. The Asian equities are also trading down after losing yesterday’s gains as Spain bailout continues to fade and concerns of Italy and Greece haunts investor sentiment. Among Asians, the Chinese easing might have supported domestic credit
Gold and Silver and the EU Crisis Read More »
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 »
