Gold climbed for a third day as weak U.S. employment figures disappointed and a softer tone for the dollar was set Wednesday after the Federal Reserve kept interest rates on hold and Fed Chairman Ben Bernanke said he remained willing to buy more bonds should the economy need help. Data showed first-time claims for unemployment […]
Gold Climbs On Dovish Fed Read More »
Economic events scheduled for today 02:30 AUD CPI (QoQ) 0.6% The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. 07:00 EUR Finnish Unemployment Rate 7.40% The unemployment rate represents the
Market Review April 24 2012 Read More »
Economic events scheduled for today 01:30:00 AUD Producer Price Index (QoQ) 0.30% The Producer Price Index released by the Australian Bureau of Statistics measures the average changes in prices in the Australian markets by producers of commodities. Changes in the PPI are widely followed as an indicator of commodity inflation. A high reading is seen as
Market Review April 23 2012 Read More »
Gold futures traded nervously on Wednesday, falling 0.7% to $1,639.6, on the eve of the Spanish and French bond auction, and recovered slightly to $1,641.4 by the end of Thursday. The s & P 500 fell 1% while the Stoxx fell 3.5% in the past 2 days. The US 10-year Treasury ended below 2% for
Gold Is Waiting To Shine Read More »
Economic events scheduled for today 06:00:00 EUR Producer Price Index (MoM) 0.40% 0.40% The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or
Market Review April 20 2012 Read More »
Economic events scheduled for today 14:00:00 EUR Consumer Confidence The Consumer Confidence released by the European Commission is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. A high reading is seen as positive (or bullish)
Market Review April 19 2012 Read More »
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 08:30:00 GBP Average Earnings including Bonus 1.30% 1.40% The Average Earning Including Bonus released by the National Statistics is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is
Market Review April 18 2012 Read More »
Gold has edged lower, extending losses made in the previous session, as the US dollar firmed on worries about Spanish debt yields and the pace of Chinese economic growth. The markets this morning seem to be all about risk aversion. Gold fell 1 per cent in the previous session, as a selloff in riskier assets
A Bearish Look At Gold 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 »
