Banks aid European shares rally on ESM talk
July 10 2012 9:18 AM EDT
Riskier banking assets rose as European shares were squeezed higher on Tuesday on speculation that Germany's constitutional court would give its blessing to Europe's new bailout fund, which could pave the way for the fund to be used more flexibly.
Hong Kong shares sink for third day, China drops further
July 10 2012 9:17 AM EDT
Hong Kong shares fell for a third straight day on Tuesday, as weak import growth in China last month fuelled concern over flagging domestic demand, with investors expecting more disappointing macroeconomic data out of China later this week.
GOLD: Gives In To Bear Threats
July 09 2012 3:57 AM EDT
With GOLD unable to hold on to its gains above the 1,624.45 level, it tumbled lower the past week. This has opened up further downside risk towards 1,546/41 levels.
Precious Metals Market Comments
July 06 2012 2:34 PM EDT
Today's August Gold futures traded a very wide $34.20 range as mediocre Unemployment data fueled today's sell-off. After the U,S Department of Labor is still adding jobs- 80,000 not earth shattering but not disappointing either. The fact that the U.S is adding jobs may have signaled to traders and investors alike that QE 3 may pushed back once again during the next FOMC meeting Tuesday July 31st. The U.S Dollar traded a 2 year high versus the Euro following the Unemployment number. It is e...
Traders add to bets the Fed won't hike rates until late 2014
July 06 2012 10:45 AM EDT
Futures traders added to bets that the Federal Reserve will keep short-term interest rates near zero until the end of 2014 after the U.S. government reported employers added fewer workers than expected in June.
China bank shares pull down Hong Kong HSI, property lifts Shanghai
July 06 2012 10:44 AM EDT
Chinese banking shares tumbled in Hong Kong on Friday after China's second interest rate cut in weeks raised concerns that bank net interest margins would erode and that growth in the world's second-largest economy is weaker than feared.
Precious Metals Market Comments
July 05 2012 2:46 PM EDT
Gold Settles $12.40 Lower ... ($1609.40). Today's August Gold futures traded a choppy and volatile $27.00 range. The session yielded light volume as traders may have taken profits as the U.S Dollar gained strength against the Euro today. Today European Central Bank Governing Council member Jens Weidman said the results of last month's European summit didn't bring any clarity as to the direction the monetary union is taking according Bloomberg.
Bank of England prints money again to boost UK economy
July 05 2012 8:54 AM EDT
The Bank of England launched a third round of monetary stimulus on Thursday, announcing it would restart its printing presses and buy 50 billion pounds of asset purchases with newly created money to help the economy out of recession.
China surprises with second rate cut this year
July 05 2012 8:53 AM EDT
China's central bank cut interest rates for the second time in two months on Thursday to bolster an economy widely expected to record its sixth successive slide in growth in April-June.
European shares post modest gains ahead of ECB
July 05 2012 8:51 AM EDT
European shares rose on Thursday, reigniting a recent strong rally as investors awaited policy action from the European Central Bank to help shore up the euro's struggling economy.
Hong Kong shares at highest since May 15, China weak
July 05 2012 8:50 AM EDT
Hong Kong shares reached their highest close since May 15 on Thursday but gains came in this year's second-lowest turnover, suggesting investors remained worried about the Chinese economy and cautious ahead of a European Central Bank meeting.
Gold set to extend rally
July 05 2012 8:43 AM EDT
old set to extend rally on speculation the ECB will cut Key rates. Gold is trading near a two-week high, and is set gain on speculation that the European Central Bank will cut interest rates to a record low Thursday as policy makers take more action to drive growth and combat the debt crisis.
Gold (XAU/USD): MACD Signal: Buy at 1618,05 - Stop Loss at 1613,05
July 05 2012 3:22 AM EDT
Date: 05.07.2012 MACD Crossover at: 02:00 AM EST Signal: Buy Action: Market Order opened Stop Loss: 1613,05 Take Profit: When the next crossover of the MACD line and the signal line occurs.
Precious Metals Market Comments
July 03 2012 2:12 PM EDT
Gold Settles $24.10 Higher ... ($1621.80). Today's August Gold futures traded a wide $30.40 range as bullish precious metals news sent traders and investors alike seeking gold as their safe haven investment of choice. Crude Oil and precious metals rallied strong on hints that central banks from Europe to China may implement monetary easing to jump start their sluggish economies. The European Central Bank is expected to cut interest rates to help slow the regions debt crisis. ...
Wall Street opens flat ahead of holiday
July 03 2012 10:24 AM EDT
U.S. stocks opened flat on Tuesday as investors aimed to head into the Independence Day holiday without making big positions in their portfolios.
Global shares rise as hopes of policy easing grow
July 03 2012 10:23 AM EDT
Global shares rose on Tuesday as expectations rose that major central banks will take more action to support the world economy, after factory data highlighted the drag on growth from the euro zone debt crisis.
Nikkei opens slightly firmer as weak U.S. data fans Fed hopes
July 03 2012 10:22 AM EDT
Japan's Nikkei share average opened slightly firmer on Tuesday after surprise weakness in U.S. manufacturing data fanned renewed speculation the U.S. Federal Reserve may step in to boost growth.
Stimulus hopes help European shares maintain momentum
July 03 2012 10:21 AM EDT
European shares were higher at midday on Tuesday as investors bet on more policy action from politicians to boost flagging global growth as the relief-rally at the start of the second-half continued.
Hong Kong shares reach a 7-week high, China edges up
July 03 2012 10:20 AM EDT
China shares rose for a third day while the benchmark in Hong Kong, which reopened on Tuesday after a holiday, was Asia's top performer, spurred by hopes of more monetary easing by the European Central Bank to revive economic growth.
Forex - XAU/USD (Gold) Technical Analysis
July 03 2012 5:13 AM EDT
The pair XAU/USD (Gold) is moving above the upper band of its bearish channel (purple lines). The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance. We think that the gold will continue its bearish rally above the upper band of its channel. The breakout of 1550 points will offer a new sell signal.