Market Reviews

Market Reviews from FXCC – Daily reviews of all the news from the world of Currencies and Forex Precious Metals

Market Review June 12 2012

While investors initially cheered the plan to rescue Spanish banks, many details remain to be finalized, including how much money the banks will need. European Union finance ministers agreed Saturday to lend up to €100 billion to the Spanish bailout fund to recapitalize insolvent banks. But the amount needed will not be known until an […]

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Market Review June 11 2012

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

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Market Review June 8 2012

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

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Market Review June 7 2012

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

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Market Review June 6 2012

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

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Market Review June 5 2012

European markets will lead global influences again on four main counts.  First, German releases could be the most important development in the eurozone as consensus expects each of factory orders, industrial production and exports to take a step backward from solid gains the prior month.  If correct, then that would stoke renewed fears about the

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Market Review June 1 2012

Bonds continued their march to lower yields today. US 10’s now yield 1.56%, UK 10’s yield 1.56%, German 10’s yield 1.2%… and Spanish 10’s yield 6.5%. The extent to which European capital is cycling out of Spanish (and to a lesser extent Italian) paper and into German paper is extreme. German bonds that traded with

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Market Review May 31 2012

The deepening euro crisis is hurting Asian stocks as they head for their worst monthly performance since late 2008. The euro has also fallen below $1.24 levels, forcing Asian currencies to also pare losses against the greenback. The SGX Nifty is trading lower by 43 points, tracking other peers. On the Economic front, we have

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Market Review May 30 2012

Equities traded higher today, with US and Canadian markets rallying on news that China might undertake meaningful fiscal stimulus. While industrial metals stocks rallied with the base metals complex, gold stocks fell by 2.4% and gold fell 1.7%. Industrial companies led the way in the US, with the Industrial Engineering subsector appreciating 1.9% while the

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Market Review May 29 2012

On Tuesday morning, we are witnessing a lackluster trading session in Asian stocks, as most of them pare slight gains barring Japan. With the US closed yesterday, no major leads were given to the Asian markets. The gains are being restricted as investors are still wary of the Spanish debt crisis. On the Economic front,

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