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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 »
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 »
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 »
On Monday, London markets were closed. However, even with no UK economic news on the screens, trading in the EUR/GBP cross rate was quite interesting. The pair was seen in the high 0.80 area during the morning session in Europe. A new up leg in the euro during the US trading hours also pushed EUR/GBP
A Fundamental and Technical Look at the EUR/GBP Read More »
Gold futures prices would have taken a pause at the Globex skidding 0.28% from the weekly closing while, the Asian shares slid as investors gathered worries from the terrible jobs data released last Friday, and a weak Chinese PMI pressurized the stocks in early morning. Euro as well knocked down once again against the dollar
Gold Shines Once Again Read More »
