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By John Detrixhe and Lucy Meakin, Bloomberg |
October 12, 2012
The euro climbed for a second day against the dollar and the yen amid speculation Spain is moving closer to requesting a sovereign bailout and unlocking European Central Bank debt purchases.
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By John Detrixhe and Lucy Meakin, Bloomberg |
October 11, 2012
The dollar weakened as speculation that Spain will seek a sovereign bailout eased investor demand for the currency as a haven.
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By Phil Flynn |
October 8, 2012
If traders believe that the Iran sanctions are starting to work perhaps forcing a change in the power structure of the regime, it is very possible that the possibility of an attack on Iran is diminishing.
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By Phil Flynn |
October 3, 2012
As oil prices soared to a record high in 2008, traders, politicians and regulators were stunned as oil made a move of historical portions. Now oil traders are cheering the overturning of position limit rules.
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By Michael P. Regan and Lu Wang |
October 2, 2012
U.S. stocks erased losses in the final hour of trading as Apple Inc. rebounded from a six-week low, helping the market recover.
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By Austin Kiddle |
September 28, 2012
While the gold spot price looks likely to rise about 11% in Q3 to about $1,777, it is still about 7.5% lower than the recent peak reached on Sept. 6, 2011.
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By Angeline Benoit and Ben Sills, Bloomberg |
September 27, 2012
Spanish Prime Minister Mariano Rajoy’s nine-month-old government announced its fifth austerity package in what may be a move to head off tougher conditions demanded as part of a potential European bailout.
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By Lucy Meakin and Anchalee Worrachate, Bloomberg |
September 27, 2012
The pound strengthened for the first time in four days against the dollar after a government report showed the economy shrank less than previously estimated in the second quarter
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By Phil Flynn |
September 27, 2012
US oil production last week hit the highest level since January 1997! Not only that, but America, in the first six months of this year, met 83% of its energy needs with its own domestic production.
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By Joseph Ciolli and Emma Charlton, Bloomberg |
September 26, 2012
The euro fell to a two-week low against the dollar after Spain’s bonds dropped and the central bank said gross domestic product declined this quarter, stoking concern the region’s debt crisis is worsening.
