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Between A Hedge FundTitle:
Gold pares losses after bear market test, Greece focus
Gold sank to a 2012 low on Wednesday before paring losses in choppy trade, as traders were torn between hope that France and Germany would work together to keep the Euro zone intact and new signs of stress in the Greek banking sector.
Bullion briefly crossed into bear market territory, down 20 percent from its record last September, as intensifying fears a Greek exit from the euro zone would worsen the debt crisis gripped financial markets earlier in the day.
Prices later recouped most of their losses following a meeting between new French President Francois Hollande and German Chancellor Angela Merkel at which they pledged to forge a joint approach for an EU summit next month. That eased concerns of a spat that could worsen the euro zone crisis.
During the U.S. session, gold prices ...
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Wall Street down for 4th day of five, breaks support
Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.
The S&P 500 finished lower for the fourth day of five to close at its lowest level since February, adding fuel to worries of a coming market correction.
Economically sensitive shares, including banks and energy companies, paced the decline. Exxon Mobil Corp (XOM.N) lost 1.2 percent to $82.12. The NYSEArca oil index .XOI fell 1.8 percent.
State television in Greece reported the president of the fiscally beleaguered country will continue talks on forming a coalition government, although Socialist leader Evangelos Venizelos said on Monday he was not optimistic that a government could be ...
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Wall Street to slide, S&P 500 faces key test
U.S. stock index futures fell sharply on Monday, tracking global equity markets lower as a political impasse in Greece heightened concerns about the Europe's debt crisis as the region struggles to avoid a deepening recession.
Greece's political landscape has been in disarray for a week since an inconclusive election left parliament divided between supporters and opponents of the 130 billion euro ($168.3 billion) EU/IMF bailout, with neither side able to form a government.
The general move out of risky assets, such as equities and commodities, was likely to see the S&P 500 retest an important support level at 1,340 which, if broken, could result in a steeper pullback for the index.
"The world markets are all sharply lower on mounting fears over euro land, Europe's potentially steepening ...
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Investors fret after Greek, French votes
Greek and French election results rattled global investors on Monday by undermining confidence in the region's plans to cut spending and tackle its debt crisis, sending the euro to a three-month low.
European shares also initially traded lower, with Greek stocks down 6.4 percent .ATG, but reaction was muted with the UK market closed for a holiday. Wall Street stocks were expected to reflect the weaker tone when they being trading .N.
Investors sold bonds of other weaker euro zone member states after the two pro-bailout parties in Greece failed to win a parliamentary majority, rekindling fears over the country's future in the single currency.
"The Greek election outcome is the ultimate Greek tragedy. Not having a cohesive government means the IMF will not release further funds. Without ...
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SunBirdFX Daily Market Analysis : 05/02/2012
www.sunbirdfx.com
The US stock markets closed yesterday on the green territory as the investors were encouraged by the better-than expected ISM manufacturing data. Dow Jones crossed above the annual highs, but eventually closed under 13300 points after weak finish by NASDAQ that pulled the markets lower.
NZD/USD
The Kiwi has been moving in a triangle against the USD and its looks like it is about to chose the direction soon. Two weeks ago, the NZD broke through the upper hedge, in what looked like the final battle between the buyers and the sellers. However, it ended as a false-break and the pair resumed trading between the triangle's boundaries. However, the angle of this pattern is getting sharper, which means that the pressure of the buyers will soon meet with the pressure of the ...
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SunBirdFX Daily Market Analysis : 04/30/2012
www.sunbirdfx.com
The US stock markets closed a strong trading week and the indices are on the safe way to the annual picks. All of the three main indices made the bullish reversal pattern, as the S&P 500 crossed above the important level of 1400 points and it is just 20 points away from 2012's high. The main reason for this strong rally is the fact that most of the S&P 500 companies bit Wall Street expectations and literally blocked the sharp declines that occurred on the beginning of the month. However, the results season is not over yet and therefore disappointing results or extreme bad economic data might have the ability to pull the stock markets down.
EUR/USD
The rising of the US indices ruined the USD's plans for starting a strengthening session against the major currencies. We ...
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Gold slips below $1,630 per oz as euro falls
(Reuters) - Gold prices slid below $1,630 an ounce on Monday as concerns that the euro zone debt crisis could ensnare higher-rated countries hurt the single currency, though moves were muted ahead of this week's Federal Reserve meeting.
The metal is extending the 2 percent losses it has posted so far this month, in line with a drop in the euro. The currency has come under heavy pressure from growing fears over the ability of some euro zone countries, particularly Spain, to manage debt.
Spot gold was down 0.7 percent at $1,629.69 an ounce at 7:53 a.m. EDT (1153 GMT), while gold futures for June delivery were down $11.80 an ounce at $1,630.90.
"We are basically caught between two opposing factors," Credit Suisse analyst Tobias Merath said.
"On the one hand, we have U.S. bond yields ...
Title:
Dukascopy Morning Forex Overview : 23/04/2012
Fundamental Analysis
EUR
"Ifo index paints a too positive picture of the growth prospects for the German economy"
- Carsten Brzeski, senior economist at ING Group
German business confidence unexpectedly improved in April, a sign the euro zone’s largest economy is weathering Europe’s debt crisis. Ifo business climate index, which is based on a survey of 7,000 businesses, rose to 109.9 points from 109.8 points in March.
USD
"A strong Germany helps the euro massively, and helps other assets too"
- Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank Ltd.
U.S. stocks closed mixed on Friday while German investor confidence unexpectedly improved and blue chip companies from General Electrics to Microsoft reported better than expected earnings.
GBP
"While the month of March ...
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Analysis: Obama oil margin plan could increase price swings
(Reuters) - U.S. President Barack Obama's bid to dampen the influence of oil speculators by having regulators set trading margins could backfire, potentially making prices even more volatile and leaving crude dominated only by those with the deepest pockets.
Under Obama's request to Congress, the Commodity Futures Trading Commission (CFTC) would determine how much speculators need to pay to trade U.S. crude oil futures, in theory increasing the amount when prices move too far, too fast.
But economists and traders cautioned that pushing smaller investors out of markets would only hand greater influence to the largest hedge funds and Wall Street banks. Ultimately, there may not be enough traders left to do business with oil producers and consumers looking to hedge their needs.
"Reduced ...
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