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“Risk-on” trades extended the rally seen throughout last week with the Euro rallying above an important level of resistance at 1.2150. The Euro was boosted by stronger-than-expected industrial production data for the month of April in which output rose 0.8% on the month and climbed 9.5% compared to the same month last year. Forecasts were [...]
It’s most definitely turning into a “risk on” week. On the earnings front both JP Morgan Chase and Intel beat forecasts whilst data releases did not disappoint either. In particular, US retail sales came in much stronger than expected. The Fed’s Beige Book also gave markets some good news to chew on. The reports from [...]
London, 31 March 2010 – Base Metal prices continued to be driven higher by strong fund interest yesterday with copper and nickel reaching their best in over a year. Firm energy prices and the strong tone in base metals led the CRB Index to close with a modest 0.3% gain. In contrast the precious complex [...]
USD – America’s currency has been whipsawed by global risk trends and US monetary policy outlook throughout this year, though the underlying sentiment is now ostensibly in favor of the greenback. The USD has maintained its appeal as a “safe haven”—particularly with the uncertainty surrounding the fiscal crises plaguing Greece, Portugal, and Spain—while concomitantly [...]
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as [...]
Wed, Mar 17 2010, 22:22 GMT
3/17/2010 04:30 am: EUR/$..1.3778 $/JPY..90.51 GBP/$..1.5215 $/CHF..1.0536 AUD/$..0.9201 $/CAD..1.0128
Asia Pacific markets were stronger today after the Fed announced yesterday that it will maintain record low rates for an “extended period of time.” The language of the FOMC press release suggests that economic conditions have continued to [...]
Thu, Feb 25 2010, 23:15 GMT
2/25/2010 7:30 am: EUR/$..1.3483 $/JPY..89.44 GBP/$..1.5298 $/CHF..1.0852 AUD/$..0.8882 $/CAD..1.0583
Asian markets were generally down today on risk aversion as the Greek sovereign debt crisis once again takes center stage. Risk appetite was subdued after both Moody’s and S&P’s stated that they may downgrade Greece’s credit rating, rekindling [...]
TheBullionDesk has taken every precaution to provide the most accurate information possible. However it is provided without warranty or claim of reliablity.
PLEASE READ THIS DOCUMENT CAREFULLY BEFORE ACCESSING OR USING THE SITE. BY ACCESSING OR USING THE SITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS SET FORTH BELOW. IF YOU DO NOT [...]
Stocks, commodities tepid as risk shunned
The euro languished near one-year lows against the yen on Friday, while commodities and Asian stocks struggled in tepid trade as worries about Greece and the health of the world economy took hold.
Already waning demand for riskier assets further withered after U.S. economic data showed on Thursday a [...]