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Euro Continues To BenefitTitle:
Gold slips as Greek bailout talks hurt euro, stocks
Gold prices fell on Monday, extending the previous session's 2 percent price drop, as concerns over the progress of Greek bailout talks weighed on the euro and on assets seen as higher risk, such as stocks and commodities.
Spot gold was down 0.5 percent at $1,716.44 an ounce at 1442 GMT, while U.S. gold futures for February delivery were down $21.10 an ounce at $1,719.20.
The precious metal posted its worst daily performance of the year on Friday after better-than-expected jobs data dampened ...
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Brent steady above $112 on Iran; U.S. jobs data eyed
Brent crude held above $112 on Friday as reports that Israel could strike Iran in the spring heightened already simmering tensions in the region.
The market was held back by caution ahead of key U.S. jobs data, which with dragging talks on Greek debt saw Asian shares and the euro weaken.
Front-month Brent crude rose 26 cents to $112.33 a barrel by 2:19 a.m. ET, gaining for a fourth consecutive day. U.S. crude increased 6 cents to $96.42 a barrel, reversing five straight sessions of losses.
" ...
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Gold climbs towards 8-week high as stocks rise
Gold prices rose on Thursday, approaching their earlier eight-week peak above $1,750 an ounce, as a larger than expected fall in new U.S. claims for unemployment benefit lifted stock markets and helped pull the dollar off highs versus the euro.
The precious metal has risen nearly 12 percent this year, supported by the Federal Reserve's announcement that it would hold U.S. interest rates at rock bottom for an extended period. The move is set to keep the dollar under pressure and the opportunity ...
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Treasury may let investors pay to lend to U.S. government
The U.S. government may ask investors to pay for the privilege and safety of holding short-term debt issued by its Treasury Department.
In response to clamor from investors, the Treasury said on Wednesday it was looking closely at allowing negative-yield auctions. This would mean bidders who want the security of U.S. government debt in the face of global insecurity, might have to pay a premium for it.
Doing so would allow the U.S. government to benefit from something that is already occurring ...
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Dukascopy Morning Forex Overview : 01/02/2012
Fundamental Analysis
EUR
"The debt swap agreement is ready, but it will not be announced before the end of the week"
- A senior Greek banker
The leaders of 25 European Union member countries Monday signed a German-inspired pact for stricter budget discipline which will impose sanctions on countries that run excessive deficits and rack up unsustainable debts.
USD
"Consumer confidence appears to have leveled off, as job growth isn’t quite as good and gasoline prices have moved back up"
- ...
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The Weekly Bottom Line : 28/01/2012
The Weekly Bottom Line : 28/01/2012
HIGHLIGHTS OF THE WEEK
United States
The Federal Reserve committed to keep rates on hold through the end of 2014 this week, while today's Q4 GDP released underscored the fragility of the economic recovery. Unfortunately, further monetary easing isn't what is going to provide the jolt the economy needs.
What's holding the economy back right now isn't the price of credit; it's the lack of quality borrowers. The pool of potential borrowers willing and ...
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Gentlemen, Start Your Printing Presses!
Whoops!…Oh dear!…It looks like Ben fell off the wagon again!
Such a shame. He had been doing so well ever since he put that bottle of “Old Q.E.” back on the shelf last June… and got sober. But a few weeks back, he tripped up on his 12-step program and started nipping at the bottle again. Slowly at first… then to excess.
Yes, it’s true, dear reader, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. ...
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Yen drops to 1-month lows hurt by Japan trade gap
(Reuters) - The yen dropped to one-month lows against the dollar and the euro on Wednesday, as speculators and investors took data showing Japan had logged its first annual trade deficit since 1980 as a cue to unwind bullish bets in the Japanese currency.
The euro inched up against the dollar with the focus now on the Federal Reserve. The U.S. central bank is expected to begin a new practice of announcing policymakers' interest rate projections when a two-day meeting ends later on Wednesday.
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Oil slips on revived euro zone debt concern
(Reuters) - Oil prices fell on Tuesday in choppy trading on revived concerns about the euro zone region's debt problems and their potential to slow the global economy, even as tensions between Iran and the West helped limit losses.
Europe's policymakers are struggling to come up with a plan to prevent a Greek default, which would harm the global economy and depress demand for energy.
Euro zone finance ministers on Monday rejected as insufficient an offer made by bondholders to help restructure ...
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