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May 9, 12 •
7699 Views •
Market Commentaries •
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Comments Off on The GBP vs. the USD and the EUR
Yesterday, there was very little to tell on the price action in the EUR/GBP cross rate with little eco data coming off of a holiday on Monday. The pair remained in a narrow range roughly between 0.8050/75. The below consensus BRC shop price report and RICS...
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May 4, 12 •
4041 Views •
Market Commentaries •
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Comments Off on Investors Find Silver Lining in Negative Jobs Data
The Labour Department said Friday that the economy added just 115,000 jobs in April. Economists had expected a gain of 163,000. The unemployment rate fell to 8.1 percent in April from 8.2 percent in March, but mostly because more people gave up looking for...
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May 4, 12 •
4045 Views •
Market Commentaries •
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Comments Off on Subtle Shifts In ECB Thinking
The fact that the European Central Bank didn”t change its key interest rates or announce any new policy initiatives yesterday came as little surprise to financial markets. Neither were there any dramatic changes in the tone of comments made by ECB...
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May 2, 12 •
5468 Views •
Market Commentaries •
admin
2 Comments
Just a short while ago the view was that the May ECB meeting would be a non-event. The meeting is scheduled to take place tomorrow in Barcelona. While we don’t expect the ECB to take new measures, economic and political developments have put the focus on...
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May 2, 12 •
12113 Views •
Market Commentaries •
admin
4 Comments
The economic calendar is very busy today, after returning from a variety of holidays in Asia and Europe, markets are eager to get back to work. In Europe, investors look out for the final release of the April PMI. The advance reading was quite disappointing...
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Apr 30, 12 •
4623 Views •
Market Commentaries •
admin
Comments Off on The Happy Trio EUR USD And GDP
The euro was under moderate pressure as markets tried to assess the impact from the S&P downgrade of Spain. The rise in Spain’s unemployment rate was also of no help. The EUR/USD cross rate was changing hands in the 1.3160 area around the open of the...
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Apr 27, 12 •
4169 Views •
Market Commentaries •
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Comments Off on Gold Bounces On The FOMC
After the main event of the week, the FOMC meeting on Wednesday, gold futures ended down only $1.5 or -0.09 percent. Mid day gold fell $15 to $1,625 after the FOMC policy statement was released, and then swiftly rebounded to $1,650 and settled at $1,642.3....
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Apr 26, 12 •
6174 Views •
Market Commentaries •
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Comments Off on You Can't Have An Economic Recovery Without Jobs
The number of Americans who applied for jobless benefits remained elevated for the third straight week, suggesting some weakening in the U.S. labor market. Jobless claims fell by 1,000 to a seasonally adjusted 388,000 in the week ended April 21, the U.S....
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Apr 25, 12 •
6759 Views •
Market Commentaries •
admin
Comments Off on UK Does Double Dipping
The UK economy is back in recession, its first double-dip recession since the 1970s, following a surprise 0.2% drop in GDP in the first quarter of 2012. Analysts had anticipated modest growth of 0.1-0.2%. The pound dropped following the news as markets expect...
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Apr 25, 12 •
5280 Views •
Market Commentaries •
admin
Comments Off on The Main Event This Week Was A Dud
The main event this week—the Federal Open Market Committee meeting/Ben Bernanke press conference—concluded today. Markets and investors, news casters and financial analysts had built this into the meeting of all meeting, market expectation were high,...
