• Gold Rises to New Record Nominal Euro High

    Gold Gold built on last week's gains and rose nearly 1% yesterday, closing at $1,099.50/oz and gold also rose in other major currencies. Gold has risen in Asian trading and again in early European trade and is currently trading at $1,113.20/oz and in euro and GBP terms €816/oz and £710/oz respectively. As expected the crisis in the Eurozone has seen gold surge in Euro terms to new record (nominal) highs over €817/oz - thus surpassing the previous record high seen in December 2009 at €813/oz.
  • Greenback Slides Ahead of FOMC

    The euro bounced off its lows against the dollar around the 1.46-figure, to recover near the 1.4650-mark while the sterling rebounded above the 1.63-level at the start of the week. Economic data will remain in focus in the coming week with key reports due out from the US, Eurozone, UK, Canada and J...
  • European Markets Poised For Flat Opening

    The major markets across Europe are poised for a flat to slightly higher opening on Friday, after they retreated yesterday following losses on Wall Street on Thursday in reaction to weak U.S. jobs data. Traders may look forward to the retail sales report from the euro zone region for further cues ahead of the weekend. The U.S markets are closed for holiday on the eve of Independence Day. The A...
  • European Economics Preview: Swiss CPI, Eurozone Retail Sales Data Due

    Friday, Swiss consumer prices are expected to fall again in June after declining in May, while Eurozone retail sales are forecast to drop in May following an unexpected increase in April.
  • Canada Unemployment Data Comes in at Alarming Levels

    Canada unemployment data sees biggest fall on record. Eurozone, UK, and Swiss data all comes in weaker.