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By Emma Charlton and Lukanyo Mnyanda, Bloomberg |
April 24, 2013
The euro’s 25% jump against the yen over the past six months underscores the rising pressure on European Central Bank President Mario Draghi to cut interest rates as the region’s exporters lose out to Japan.
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By Lu Wang, Whitney Kisling and Eric Lam, Bloomberg |
April 23, 2013
A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.
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By Moming Zhou, Bloomberg |
April 23, 2013
West Texas Intermediate crude was little changed as data from China and Europe signaled a slowdown in global manufacturing and equities climbed for a third day.
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By Gary Kamen |
April 22, 2013
Last week May 2013 Silver opened at $25.940 and closed the week at $22.960. On Tuesday, April 16 silver had a bounce off of the low of $22.000.
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By Stephen Kirkland and Inyoung Hwang, Bloomberg |
April 15, 2013
Commodities fell to a nine-month low, led by the worst plunge in gold since 1980, and global stocks slid the most since June as China’s economic growth unexpectedly slowed and investors speculated hedges against inflation were unneeded.
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By Gary Kamen |
April 15, 2013
Goldman Sachs came out dropping their forecast for gold prices and pushing their message to sell. We have not seen gold prices where they are today since March-April 2011.
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By Gary Kamen |
April 9, 2013
Many are saying the yen dropped down too fast, but what exactly was the response the BOJ was looking for? How many of you recall a month or so ago the G7 saying countries need to stop using monetary policy to manipulate their currency?
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By Gary Kamen |
April 1, 2013
This past Thursday’s USDA plantings and grain stocks reports did a number on grains. The reports showed domestic corn supplies (old crop) higher than expected, and corn plantings this year if recognized will be the highest since 1936.
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By Tom Stoukas, Maria Petrakis and Marcus Bensasson, Bloomberg |
March 28, 2013
Cyprus’s banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits.
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By Gary Kamen |
March 25, 2013
Last week April Lean Hogs opened at $79.625 and closed the week at $79.400. For the month of February this contract opened at $89.350 and closed the month at $81.000.