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Jun 7, 12 •
4355 Views •
Market Reviews •
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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...
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Jun 6, 12 •
4451 Views •
Market Reviews •
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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:...
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Jun 5, 12 •
4940 Views •
Market Reviews •
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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...
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Jun 4, 12 •
3185 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Shines Once Again
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...
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Jun 1, 12 •
5907 Views •
Market Reviews •
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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)...
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May 31, 12 •
3480 Views •
Forex Precious Metals, Forex Trading Articles •
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Gold futures prices have climbed today as Greece’s pro-bailout party leads the poll ahead of June election raising hopes of Greece remaining under the Euro area. The Euro however knocked down once again near a two year low against the dollar after the...
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May 31, 12 •
4198 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Gets Clobbered by the USD
The yellow metal has came under severe pressure with the Euro wobbled by a rating cut of Spain by Egan-Jones from “B” to “BB-“ which was the third round of down gradation by the agency in less than a month. The Euro has been hammered by the news that...
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May 31, 12 •
6655 Views •
Market Reviews •
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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...
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May 30, 12 •
7053 Views •
Market Reviews •
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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...
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May 29, 12 •
7174 Views •
Market Reviews •
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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...