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Many market watchers are scratching their heads looking at the precious metals charts of the last trading days. Despite the fiscal cliff and possible downgrades of rating agencies looming over the US, and the Fed's announcement that it is going to be monetising debt at a rate of 1 trillion US dollars a year, gold just marked a new ...
Despite the lack of agreement over the latest (insignificant) iteration of the Greek bailout, what has really shaken the Eurozone to its very core was the new rating downgrade for France, coming on the heels of headlines calling France the “timebomb at the heart” of the EU, it means that sovereign debt concerns are slowly ...
Today’s US unemployment number and nonfarm payrolls could have an important impact on next Tuesday’s presidential poll. Economists are expecting gains of 125,000 in the payroll numbers, but are cautious about the unemployment rate following last month’s unexpectedly large drop from 8.1% to 7.8%: 7.9% is this ...
“Safe haven” trades have increased in popularity over the last 24 hours, with news of disappointing Q3 earnings from Apple and lack of agreement over the terms of the next tranche of aid to Greece spooking investors. US Treasury and German Bund yields have nudged lower as a result, while the dollar is finding buying support ...
Worries about global growth and a Greek exit from the eurozone – the so called “Grexit” – were again putting pressure on stock markets around the world, while precious metals continued to rally. Yesterday the DOW Jones Industrial Average posted its biggest loss this month, shedding 115.30 points and closing at ...
All was sunshine and happiness for a few short hours earlier this morning, following news that Greece’s conservative New Democracy party had won yesterday’s election, and will attempt to form a pro-bailout government with other parties. The radical left’s threat to the country’s euro membership has subsided. The ...
Last Friday the yield on the US 10-Year Treasury Note closed at an all-time record low of 1.45% in response to the continuing debt problems in Europe. Despite the United States having its own credit concerns (which in many ways can be measured to be even more extreme than those of Greece when unfunded liabilities are factored in) its ...
The eurozone continues to keep us in suspense in the wake of the French elections, and pending the second Greek election in as many months, the underlying financial deterioration is accelerating. Funds are being withdrawn from banks in troubled countries, rapidly depleting their capital. At the same time collateral held against loans is ...
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