- European shares extend rally, Solvay shines
July 27 2012 8:10 AM
European shares rose in choppy trade on Friday, with Belgian chemicals group Solvay among the top performers, as fresh signs that the European Central Bank might step in to battle the region's debt crisis boosted weakened equity markets.
- Hong Kong shares gain 2 pct, China underperforms
July 27 2012 8:09 AM
Hong Kong shares produced their best day in a month on Friday, as investors covered short positions after the European Central Bank raised hopes it would tackle escalating borrowing costs in euro zone member states.
- Precious Metals Market Comments
July 26 2012 3:36 PM
Today's August Gold futures traded a choppy $21.30 range including a high of $1621.50. The Gold market extended gains after European Central Bank President Mario Draghi reassured investors that the ECB would do whatever was necessary to preserve the Euro. Mr. Draghi's comment caused the Euro currency to spike versus the U.S Dollar boosting demand for Gold as an alternative investment. The rally momentum was halted as it reached the $1620-$1625 technical resistance level. The September Silv...
- IS GOLD READY TO RUN TO ALL TIME HIGHS?
July 26 2012 2:55 PM
Just under two weeks ago I updated my subscribers with a chart pattern on the GLD ETF, and in that update we discussed what to look for to find clues in this GOLD consolidation that has continued from last August-September highs. My theory all along has been that we peaked in a "Wave Three" top at 1900-1920 last fall after a Fibonacci 34 month rally from $681 per ounce. The ensuing corrective patterns are part of a normal "Wave 4" consolidation that works off the sentiment and overbo...
- FOREX-Euro surges against dollar on Draghi pledge
July 26 2012 8:45 AM
The euro jumped against the dollar on Thursday, reversing earlier losses, after European Central Bank chief Mario Draghi said the bank would do whatever it takes to preserve the single currency.
- Euro, European shares turn higher as ECB signals action on crisis
July 26 2012 7:38 AM
The euro and European shares turned decisively higher on Thursday and German bond prices fell after European Central Bank President Mario Draghi said his bank was ready within its mandate to do whatever it took to preserve the single currency.
- Brent falls below $104, gloomy demand outlook weighs
July 26 2012 7:37 AM
Oil prices dropped below $104 a barrel on Thursday as a stronger dollar weighed and disappointing corporate earnings contributed to a gloomy outlook for demand growth.
- European shares steady, earnings mixed
July 26 2012 7:34 AM
European shares traded flat on Thursday, oscillating around opening levels as investors digested a mixed bag of corporate earnings reports, though expectations of further U.S. monetary stimulus were seen likely to drive short-term gains.
- Hong Kong shares eke out first gain in four days, China slips
July 26 2012 7:32 AM
Hong Kong shares eked out their first gain in four days on Thursday, as strength in defensives offset weakness for Sands China after its parent posted underwhelming second-quarter earnings, dragging the broader Macau gambling sector lower.
- Gold Trading at Triangle Resistance
July 26 2012 2:15 AM
Gold continues to trade in a triangle, congestion pattern, making high lows, and lower highs as seen in the daily chart. Note the RSI stuck between 40 and 60 and sign of a directionless market. You can say that entering the triangle the market was bearish, and since the RSI has not broken above 60, the the bearish momentum in the daily time-frame is still on.
- Wall Street edges up, despite Apple's miss
July 25 2012 3:49 PM
Stocks rose modestly in choppy trading on Wednesday, putting the S&P 500 on track to snap a three-day losing streak, despite a rare earnings disappointment from Apple, the most valuable U.S. company.
- ECB policy talk lifts shares, euro
July 25 2012 10:14 AM
Signs the European Central Bank is open to changing the way it tackles the region's growing debt crisis lifted the euro and European shares on Wednesday but deepening economic gloom kept a lid on the gains.
- Euro gains on ESM comments but underlying weakness remains
July 25 2012 10:13 AM
The euro rallied against most major currencies on Wednesday, recovering from a two-year low against the dollar after a European Central Bank policymaker said he could see grounds for giving the euro zone bailout fund a banking license.
- Britain sinks far deeper into recession than forecast
July 25 2012 10:12 AM
Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighboring euro zone crisis.
- Europe stocks snap losing run on crisis hints
July 25 2012 10:11 AM
European stocks halted a three-session drop on Wednesday, after European Central Bank policymaker Ewald Nowotny raised the prospect of steps that could boost the firepower of the euro zone's new bailout fund.
- Forex - XAU/USD (Gold) Technical Analysis
July 25 2012 3:30 AM
At the beginning of May, we see the pair XAU/USD has shaped a symmetrical triangle of bottoms letting us think that the bearish movement should pursuit. To stay close to our last analysis, we are neutral between 1580 and 1600 points. We advise to wait an exit of this range to take positions: - Long above 1600 points. The breakout of 1620 points will give a new buy signal
- Wall Street set for flat open; Europe, outlooks weigh
July 24 2012 9:09 AM
Wall Street was set to tread water on Tuesday as traders remained focused on high bond yields in Spain and as cautious outlooks from Texas Instruments and United Parcel Service weighed on sentiment.
- Oil below $103 as euro zone weighs
July 24 2012 9:06 AM
Oil slid below $103 on Tuesday after further evidence of damage to Europe's economy countered signs of improvement in China's financial outlook.
- European shares edge lower on Spain woes, poor data
July 24 2012 9:04 AM
European shares extended losses on Tuesday as poor manufacturing surveys and concerns Spain may need a full bailout weighed, though a good run of earnings and hopes of more economic stimulus moves might prevent a lengthy sell-off, analysts said.
- Hong Kong shares slip to 1-month low, Shanghai edges up
July 24 2012 9:03 AM
Hong Kong shares ended a choppy session at their lowest in a month on Tuesday, dragged down by a 4 percent loss for CNOOC after the Chinese oil giant announced plans to acquire Canadian oil producer Nexen Inc for $15.1 billion.