Gold Spot gold almost paused overnight and is currently hovering near the 1650 level. Spain sold 3.18 billion Euros ($4.2 billion) of debt yesterday, compared with the maximum target of 3 billion Euros. The IMF increased its estimate for global growth in 2012 to 3.5 percent from 3.3 percent and lifted its forecast for the […]
A Mid Day Look At Gold And Crude Read More »
Economic events scheduled for today 02:30 | AUD | Employment Change | 6.0K -15.4K 02:30 | AUD | Unemployment Rate | 5.3% 5.2% Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending. The Unemployment Rate measures the percentage of the total work force that
Market Review April 12 2012 Read More »
European markets traded higher today after Alcoa (AA), the country’s largest aluminium Producer, posted an unexpected first quarter profit after orders increased. Alcoa climbed 6.2 percent in pre-market New York trading as aluminium climbed 1 percent from a three-month low. Italy and Germany are among six countries in Europe selling debt today, while in the
Forex And Commodity Roundup Read More »
Economic events scheduled for today 02:30 | AUD Home Loans (MoM) | -3.5% -1.2% Home Loans record the change in the number of new loans granted for owner-occupied homes. It is a leading indicator of demand in the housing market. 13:15 | CAD Housing Starts | 200K 201K Housing starts measures the change in
Market Review April 11 2012 Read More »
Over the past year, oil prices rose considerably in reaction to the Arab spring, reaching close to $126 per barrel in last April at the peak of the Libyan crisis. Since then, prices have not returned to the moderate levels of 2010, when the average price for the year was around $80 per barrel. Instead,
China, Crude And The GCC Read More »
Euro Dollar The EUR will enter a renewed weakening phase as sizeable debt refinancing activity and alarming structural unemployment limits the euro zone’s ability to transition to a sustainable growth path following this year’s expected recession. Meanwhile, the GBP offer a relatively positive outlook. The European “firewall”, though somewhat disappointing, has received agreement from major
Market Review April 9 2012 Read More »
Remember April 6, 2012 is a holiday and most markets are closed. The US will release the Non Farms Payroll report on Friday. Many markets are closed on Monday also. Trading volume will be light today and on Monday. Euro Dollar USD- U.S. Non-Farm Payrolls and Employment Situation, the main indicator of U.S. economic health
Market Review April 5 2012 Read More »
Euro Dollar Today, the calendar is thin. In Europe, the Spanish Parliament will discuss the new 2012 budget. This might cause some euro negative headlines and analysis on the country. However, the situation of Spain is already well documented. So, the impact on EUR/USD trading might be limited. In the US, the factory orders will
Market Review April 3 2012 Read More »
Over the past few weeks, oil prices have continued to soar as speculators use the geopolitical stress from the Islamic Nations to drive prices up. Recently, the Saudi nation has been publicly making statements that they and OPEC have increased production and that there would be no supply disruption. There words did not quell the
