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By Debarati Roy, Bloomberg |
May 7, 2013
Gold fell after Dutch Finance Minister Jeroen Dijsselbloem discussed details for the European banking union project, adding to signs that the regions’s leaders will act to contain its fiscal crisis and eroding demand for haven assets.
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By Lucy Meakin, Bloomberg |
May 7, 2013
The euro strengthened against the dollar and yen after German factory orders unexpectedly increased in March, suggesting the region’s largest economy is starting to grow again.
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By Anthony Lazzara |
May 6, 2013
The Euro currency has been in somewhat of a trading range as of late, but we believe the market is vulnerable to a move to the downside, as the ECB is being very dovish.
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By James Hertling, Bloomberg |
May 6, 2013
French Finance Minister Pierre Moscovici declared the era of austerity over after his German counterpart offered flexibility on deficit cutting amid renewed bickering between Europe’s two biggest economies.
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By Jana Randow and Jeff Black, Bloomberg |
May 2, 2013
The European Central Bank cut its key interest rate to a record low as the 17-nation euro region struggles to emerge from recession.
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By Justin Pugsley |
May 1, 2013
Eurozone unemployment levels are hitting new records whilst inflation is softening and with much of the continent mired in an economic depression hopes are running high that the ECB will cut interest rates.
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By Marc Nemenoff |
April 29, 2013
June Bonds are currently 4 higher at 149’00 and the 10-year Notes 3 higher at 133’17.0. Positive results for an Italian 10-year auction putting rates at a recent low of 3.5% have added a bit of upward pressure on Treasury prices.
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By Sandrine Rastello, Bloomberg |
April 16, 2013
The International Monetary Fund cut its global growth forecast and urged European policy makers to use “aggressive” monetary policy as a second year of contraction leaves the euro area’s recovery lagging behind the rest of the world.
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By Justin Pugsley |
April 12, 2013
It is certainly looking like gold has lost its mojo. When a market no longer responds with higher prices to events that are normally seen as a positive, then it is generally a signal that a once bullish trend is over.
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By Maria Kolesnikova and Glenys Sim, Bloomberg |
April 11, 2013
Gold swung between gains and losses as Cyprus denied it plans to sell bullion to ease its debt crisis and some investors reduced holdings on speculation that the U.S. Federal Reserve may scale back stimulus measures.
