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By Phil Flynn |
February 12, 2013
The G-7 and Eurozone finance minters supposedly were on target for a cease fire in the so called currency war, but the rhetoric yesterday seemed to shake up the falling crude market as an ECB bank official took aim and fired.
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By Joseph Ciolli, Bloomberg |
February 11, 2013
The euro rose against the majority of its 16 most-traded peers after European Central Bank council member Jens Weidmann said the currency isn’t seriously overvalued.
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By Jon Nadler |
January 25, 2013
After having once again failed at the $1,696 resistance level on Wednesday, gold prices headed lower for a third straight session this morning. In the process, the pivotal 200-day moving average price near the $1,608 level was breached by sellers.
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By Jon Nadler |
January 22, 2013
Analysts at Citigroup and Goldman Sachs have scaled back gold price forecasts, especially in the longer-term, as the underpinnings of its bull market are being called into question.
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By Jon Nadler |
January 18, 2013
Gold prices touched a one-month high near $1,699 on Thursday as a slightly weaker greenback and a spike in black gold inspired short-term specs to buy the metal at its daily lows in the morning hours.
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By Mayumi Otsuma, Bloomberg |
January 8, 2013
Japan plans to use its foreign-exchange reserves to buy bonds issued by the European Stability Mechanism and euro-area sovereigns, as the nation seeks to weaken its currency, Finance Minister Taro Aso said.
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By Stephen Kirkland and Lu Wang, Bloomberg |
December 7, 2012
U.S. stocks rose for a third day as faster-than-forecast growth in jobs overshadowed concern about budget negotiations and a slide in Apple Inc. Treasuries dropped, while the euro fell on concern about German growth.
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By Alanna Byrne |
December 7, 2012
Employment gains despite the disruption of Hurricane Sandy may help to offset market concerns over the fiscal cliff and Eurozone interest rates, according to an analysis by Miller Tabak & Co. Chief Economic Strategist Andrew Wilkinson.
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By Allison Bennett, Bloomberg |
December 7, 2012
The dollar strengthened against the euro as U.S. employers added more jobs than forecast last month and the unemployment rate dropped to an almost four-year low.
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By Jana Randow and Jeff Black, Bloomberg |
December 7, 2012
A majority of European Central Bank policy makers were open to cutting the benchmark rate yesterday and there is a possibility of a reduction early next year if the economy doesn’t pick up.
