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Hit Markets YesterdayTitle:
Gold consolidates gain as Greece lifts euro
(Reuters) - Gold was steady on Wednesday, fairly close to recent 11 week highs and taking a cue from the euro's march to a two month peak as investors bet that Greece would finally secure a second bailout needed to avoid default.
Receding risk aversion - reflected in rising share prices - is seen as a dampening factor for gold's safe-haven credentials, with German government bonds feeling some pressure.
But wider uncertainty on the euro zone's economic outlook was more supportive for gold, ...
Title:
Gold on solid ground as Greece lifts euro
(Reuters) - Gold held steady on Wednesday, fairly close to recent 11 week highs and taking a cue from the euro's run to a two month peak as investors bet that Greece would finally secure a second bailout needed to avoid default.
Receding risk aversion - reflected in rising share prices - is seen as a dampening factor for gold's safe-haven credentials, with German government bonds feeling some pressure.
But wider uncertainty on the euro zone's economic outlook was more supportive for gold, with ...
Title:
EU Debt Crisis Continues to Fuel Risk Aversion
The euro-zone debt crisis continued to fuel risk aversion in the market place yesterday, as poor news briefly brought the EUR/USD pair below the 1.3100 level. The pair staged a recovery later in the European session, after it was revealed that Greek leaders had begun finalizing a debt swap deal. Today, traders will want to continue monitoring the euro-zone situation, especially as it is becoming clear that Portugal will soon need a bailout to avoid defaulting on its debt.
Economic News
USD - ...
Title:
YouTradeFX Daily Market Analysis : 07/02/2012
Fundamental News:
Today's highlight;
· Fed Chairman Bernanke Testifies. (US, 15:00, GMT)
The EUR/USD is trading down at 1.3055 from early 1.3085, having been as low as 1.3028. European trading was a worrisome as investors could not decide what was happening. News from Greece was not promising.
Greece failed to agree on new austerity measures across political parties yesterday, a requirement for the proposed bailout to avoid default in March. There was some progress on bank ...
Title:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
Title:
Buying Gold in Uncertain Times
Dow down slightly yesterday. Oil falling further below $100. And gold still going up.
What is most interesting is the movement in the price of gold. It seems to be heading up again — almost no matter what else is happening.
So, let’s look at what might be going on…
If investors sensed a recovery…they would expect banks to lend more freely…people to shop more freely…and prices to rise.
This would raise consumer prices; the price of gold should go up.
But if the market sees growth and ...
Title:
Gold retreats towards $1,750 after U.S. data
Gold prices slipped on Friday, surrendering gains that earlier took the precious metal to an 11-week high, after better-than-expected U.S. payrolls data lifted the dollar and called into question the prospect of further U.S. quantitative easing.
Expectations that U.S. monetary policy will remain ultra-loose have boosted investors' appetite for bullion this year, lifting prices 12 percent since end December.
Spot gold was at $1,750.29 an ounce at 1409 GMT, down 0.5 percent, having earlier ...
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:
Forex - Global PMIs Spark Optimisms Over Growth
Forex News and Events:
After a slight pullback in earlier European trades, risk appetite cautiously in Asian session crept back into the markets. EURUSD was range bound between 1.3160 and 1.3200 while AUDUSD continued its strong rally running to 1.0757. Asia’s regional indices were green across the board with the Hang Seng up 1.94% and Shanghais 1.96%. The catalyst was the generally positive manufacturing PMI prints globally which suggested that the global slowdown might now be as deep as ...
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