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AppealTitle:
Gold rises nearly 2 percent on Greece bailout optimism
(Reuters) - Gold prices rose 1.5 percent on Tuesday for their biggest daily gain in two weeks, as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro.
Bullion, which had dropped in early trade on nervousness about Greece, rebounded to snap two days of losses as Greece's government was preparing a list of reforms needed to clinch a new financing package.
Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default ...
Title:
Gold rises 1.5 percent on Greece rescue deal optimism
(Reuters) - Gold prices rose 1.5 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro.
Bullion, which had dropped in early trade on nervousness about Greece, rebounded and headed for its biggest daily gain in two weeks as Greece's government was preparing a list of reforms needed to clinch a new financing package.
Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default boosted gold's ...
Title:
Gold rises 1 percent on Greece rescue deal optimism
(Reuters) - Gold prices rose 1 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro.
Bullion, which had dropped in early trade on nervousness about Greece, bounced and was on track for its biggest daily gain in two weeks as Greece's government was preparing a list of reforms needed to clinch a new financing package.
Hopes for a bailout plan that would move Athens closer to avoiding a chaotic debt default boosted gold's ...
Title:
Global stocks, euro stall on Greece concerns
(Reuters) - Concern Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares to a halt on Monday, while the euro pared earlier losses as some shorts covered their bets.
U.S. stocks edged lower, tracking European equities, while a gauge of global shares hovered near break even after four straight sessions of gains. Declines were not enough to derail an uptrend of five consecutive weeks of gains on both the U.S. benchmark S&P 500 index and global stocks ...
Title:
Euro, global shares slip as clock ticks on Greece
Fears that Greece might not accept the terms of a proposed new bailout deal brought a rally in global shares and the euro to a halt on Monday, undermining the positive effect of better global economic data.
U.S. stocks edged lower, tracking European equities, while a gauge of global stocks fell for the first session in five. Still, the declines were not enough to derail an uptrend of five consecutive weeks of gains on both the U.S. benchmark S&P 500 index and global stocks measured by MSCI.
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Title:
Good Employment Rescues Dollar After Week of Bad Data
The US dollar had a mixed week as there was plenty of negative data from the United States, yet there also were positive indicators, especially employment figures. The greenback rose against the euro and the yen, but declined against higher-yielding currencies.
The US dollar started this week stronger against most of the currencies, but quickly turned to the downside as negative reports had begun to flow in. The Chicago Purchasing Managers’ Index and consumer confidence made a particularly ...
Title:
NZ Dollar at Record vs. Euro as US Employers Add Jobs
The New Zealand dollar climbed today, reaching the all-time high versus the euro, after positive employment data from the United States bolstered risk appetite among Forex traders, making them prefer higher-yielding currencies.
US employment data overshadowed the problems of Europe for a day and provided a major boost for currencies tied to growth. The United States has its share of problems, but traders prefer to look at a brighter side of things in the USA as they have enough negativity from ...
Title:
YouTradeFX Daily Market Analysis : 02/03/2012
Fundamental News:
Today's highlight;
Nonfarm Payrolls + Unemployment Rate (U.S, 13:30 GMT)
Unemployment Rate (CAD, 12:00 GMT)
Retail Sales (MoM) (EUR, 10:00 GMT)
New unemployment claims in the U.S. fell to a lower level than most experts had expected, according to figures released Thursday by the Labor Department. Initial claims for unemployment came in at a seasonally adjusted level of 367,000 from the previous week's revised figure of 379,000. U.S. labor productivity increased ...
Title:
Dollar Little Changed After jobless Claims Fall Last Week
The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets.
The U.S Department of Labor reported today that applications for unemployment insurances dropped by 12 thousand to 367 thousand in the week ended January 28, beating median forecast of 371 thousand and adding to signs the labor market is strengthening.
The ...
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