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Jun 14, 12 •
5663 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold and Silver in the Shadow of Spain and Greece
Today Gold futures prices have seen little changed from the prior closing and Asian stocks dropped after Spain’s credit rating was cut which has renewed the concern of European crisis contagion to the global growth. The Euro however is showing slight...
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May 28, 12 •
6704 Views •
Market Commentaries •
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Rumors are that the ECB is going to step in an assist the Spanish Banks. Greece is considering replacing the euro and Europe cannot decide between austerity and growth on the back of a stimulus injection. There are many casualties in this European confusion,...
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Apr 11, 12 •
2526 Views •
Market Commentaries •
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Comments Off on Forex And Commodity Roundup
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...
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Apr 2, 12 •
4143 Views •
Between the lines •
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Comments Off on The EU Firewall – A Lifeline For Spain
On the last business day of March, the EU Finance Ministers announced their latest attempts to stave off the eurozone debt crisis by boosting the eurozone’s firewall to €800 billion ($US1.07 billion) on the same day as the new Spanish government Mariano...
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Mar 22, 12 •
3988 Views •
Market Commentaries •
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Comments Off on Get Out Of The Way Greece, Its Spain's Turn In The Spotlight
Citigroup economist Willem Buiter, warned that Spain may be forced to follow the lead of the Greeks as it is crippled by debt burden. “Spain is the key country about which I’m most worried,” Buiter said in a report in Bloomberg. “It’s...
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Feb 28, 12 •
3724 Views •
Between the lines •
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Comments Off on Spain Misses Deficit Target
Monday saw a variety of fundamental events that will shape the markets over coming weeks. Most notably Spain went on record with an admission that its deficit soared above target last year. At 8.5% of GDP, Madrid’s government was quite a distance from...
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Jan 27, 12 •
5044 Views •
Market Commentaries •
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Comments Off on A Whale Stranded Upon The Coast Of Europe
Edmund Burke, a British statesman and philosopher who lived from 1729-1797, once described Spain as “a whale stranded upon the coast of Europe”. That quote seems apt on the morning that desperately poor Spanish unemployment figures have been...
