Gold futures price movement is seen little puzzled at the Globex ahead of the mostly eyed US Nonfarm payroll release later today. Asian equities followed sell-offs from the US overnight as the slew of easing concepts painted the bleak economic picture. Euro is still continuing its down trend. US probably has added more jobs in […]
Gold and Silver and the Nonfarm Payroll Report Read More »
Ireland returned to public debt markets following an almost two-year absence after European leaders took steps to ease the financial burden of nations that received bailouts. The National Treasury Management Agency sold €500m of bills due in October at a yield of 1.80%, the first auction since September 2010, the Dublin- based. Fewer Americans filed
FXCC Market Review July 06 2012 Read More »
This morning base metals are trading down by 0.03 to 0.71 percent at LME electronic platform while the Asian equities are also trading on a weaker note. Riskier assets including base metals are mostly down on caution ahead of a meeting later in the session by the European Central Bank, which is expected to cut
Gold and Silver Wait on Central Banks Read More »
JPMorgan Chase & Co. the largest underwriter of corporate bonds worldwide, jumped eight spots to number two in Asia as Li Ka-shing’s Hutchison Whampoa Ltd. (13) picked the bank to manage its return to the market. European stocks fell from a two-month high and metals declined after Germany’s services industries unexpectedly shrank last month. The
FXCC Market Review July 05 2012 Read More »
With US markets closed today for the Independence Day holiday, trading is expected to be light during the European session and then quiet the rest of the day. There is little in the way of eco data from around the globe. Commodity markets closed higher for the second time in 3-days, with oil prices leading
Gold – Silver – Crude Oil and Gas on the Holiday Read More »
Markets are trading fairly flat with Wall Street closed for the US holiday and the height of vacation season in the US and European participants tentative after the huge moves on Friday. EURUSD has crept back to the 1.25-1.26 range that it inhabited during the week leading into the EU summit. The Canadian dollar is
FXCC Market Review July 4 2012 Read More »
The US markets ended mixed after witnessing a lack of direction over the course of the trading day on Monday. The choppy trading on Wall Street came as traders expressed uncertainty about the near term outlook for the markets following last Friday’s rally. Light trading activity ahead of the Independence Day holiday also contributed to
FXCC Market Review July 3 2012 Read More »
European markets will be fixated on the aftermath of the EU Summit and how it plays out in key central bank decisions. The ECB is expected to cut by 25-50bps on Thursday, and the BoE is expected to increase the scale of its asset purchase program by £50B to £375B. Neither are shoe-ins, and are
Market Review July 2 2012 Read More »
The market may open on a firm note, tracking higher Asian shares. US futures have gained. Asian shares surged on Friday, 29 June 2012, after a late Thursday night meeting of European leaders came up with a plan for a single financial supervisory mechanism for the European region to help stabilize markets. European Commission President
Market Review June 29 2012 Read More »
US stocks were little changed as investors awaited reports on durable-goods orders and housing to assess the strength of the economy before an EU summit that starts today. The S&P 500 advanced yesterday as optimism about the housing market tempered concern that the Euro debt crisis will worsen. The climb trimmed the equity benchmark’s decline
Market Review June 28 2012 Read More »
