Roger Baettig

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 14 2013 1:41 PM

    Consumer sentiment in U.S. declines from six-year high Sterling dips against dollar after hitting 4-month peak Yen rises after BoJ minutes indicate monetary-stimulus limits

  • Lear Capital: Gold and Stocks Get Legally Separated

    June 14 2013 8:58 AM

    For weeks we watched stocks rise while gold and silver prices pulled back. Observing this, it would be easy for any investor to get caught up in the markets while ignoring gold and silver as viable diversification tools.In mid May, while stocks reached record highs, gold prices pulled back to their lowest levels since January 2011. Since then, the Dow has given up more than 500 points while gold prices have edged higher and stubbornly refused to drop below their two-year lows.

  • Euro Expected to Weaken Over the Next Few Months

    June 14 2013 8:46 AM

    The euro remained strong at $1.33 on Friday despite sinking government bonds which have been responding to concern that central banks around the world will pull back on their stimulus programs. Although bonds around the world have dropped, it seems that the weaker eurozone countries have been hit the hardest. The recent drop led many to believe that countries like Spain, Italy, Portugal and Greece may see massive swings in their bond markets in the future. After the European Central Bank pledged to do “whatever it takes” to keep the eurozone together and support markets, bonds in those countries rallied and their yields improved. However over the past few weeks they have plummeted. As central banks ease up on the cash they have been injecting into the market, the eurozone's weaknesses are likely to be exposed.

  • Brent Jumps on Geopolitical Tension

    June 14 2013 8:41 AM

    After slipping in early on Friday morning due to a bleak global demand outlook and rising US inventories, Brent crude oil bounced over $105 as geopolitical tension in the Middle East threatened to escalate. The commodity traded at $105.27 at 10:30 GMT on Friday morning. Data this week showed that US gasoline stocks on the East Coast were at their highest level since February of 2012.

  • German Court to Decide If ECB's Bond Buying Plan Infringed on Bundesbank's Mandate

    June 12 2013 7:48 AM

    Court proceedings in Germany began after more than 35,000 Germans filed a complaint against the European Stability Mechanism, claiming it violates the nation's central banking mandate. The trial has been widely covered by German media as policy makers argue over whether or not the European Central Bank is out of line.

  • Gold, Silver & Precious Metal Miners Signals

    June 07 2013 8:53 AM

    It has been a very long couple of years for the precious metal bugs. The price of gold, silver and their related mining stocks have bucked the broad market up trend and instead have been sinking to the bottom in terms of performance.

  • Euro Strong Ahead of ECB MeetingEuro Strong Ahead of ECB Meeting

    June 06 2013 8:48 AM

    The euro ticked up on Thursday morning ahead of the European Central Bank's June policy meeting. The common currency traded at $1.31 despite Wednesday's reports that another of its “core” economies slipped into a recession. Finland, considered to be among the eurozone's most powerful economies, became the ninth eurozone nation to post two consecutive quarters of economic contraction.

  • Code Found on iPhone that Cuts Speed in Half  Code Found on iPhone that Cuts Speed in Half

    June 06 2013 8:44 AM

    Apple (NASDAQ: AAPL [FREE Stock Trend Analysis]) is having a difficult time staying out of its own way when it comes to negative headlines. First, it’s called to testify in front of Congress for its tax strategies, then it heads to court to defend itself in what appears to be the fruitless battle of trying to prove that it didn’t try to fix prices on ebooks with five other publishers.

  • Gold’s Pivotal Role – The Yuan Sees Freer Convertibility this Year! (part 2)

    June 06 2013 8:31 AM

    In a continuation of the article on the rising convertibility of the Chinese Yuan towards the end of this year we look further into the path both the Chinese Yuan will follow and the changes that will follow in the global monetary system.

  • Possible Devaluation Of The Euro Casts A Shadow Over Gold’s Future

    June 06 2013 8:10 AM

    As the European Union struggles with rising unemployment they now have to face a future of increased competition from the Japanese as they actively devalue the Yen. The new government in Japan, under the Premiership of Shinzo Abe, has managed to devalue the Yen by round 20% so far. In the short term this devaluation should boost Japanese exports as their goods are available at a substantial discount. This action mirrors that of the United States as they continue with their programme of Quantitative Easing. The United Kingdom has also joined in this ‘race to the bottom’ and has managed to reduce the value the British Pound.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 05 2013 11:51 AM

    • Disappointing U.S. jobs data weighs on dollar • UK services sector PMI beats forecasts, GBP rallies • AUD dollar continues slide on weak GDP data

  • A Glimmer of Hope in Eurozone PMI Data

    June 05 2013 9:09 AM

    The euro remained steadily at $1.30 on Wednesday morning after Markit's Eurozone Composite PMI showed that business activity in the eurozone picked up in May. This marks the second straight increase for the region, something politicians and policymakers are likely to celebrate.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    June 04 2013 3:45 PM

    • U.S. jobs report key to dollar positioning • Canadian trade deficit jumps in April • RBA stays put on rates but notes Aussie still high

  • THE GOLD BULL VS THE PAPER TIGER

    June 03 2013 5:03 PM

    That's all, folks. One look at the headlines will tell you the gold bull market is officially over: the stock market is booming, a modest recovery of the US economy is underway, and the dollar is dominating the forex. Time to sell your bullion and get back into US stocks!

  • Surprise Hit Product for Microsoft, Despite Critic Naysayers

    May 31 2013 8:49 AM

    Microsoft (NASDAQ: MSFT [FREE Stock Trend Analysis]) has a hit on its hands and no, it’s not the Windows 8 reboot. It’s not even the upcoming Xbox. It’s in the form of an old friend that continues to silently deliver yet receives little credit. It’s Office. Unlike Windows over the years, Microsoft has done a pretty good job of not trying to completely reinvent something that isn’t broken, but it did give the product the 21st century treatment.

  • Euro Near Two Week High on Positive Data

    May 31 2013 8:43 AM

    The euro remained above $1.30 on Friday morning after climbing on Thursday to overtake the $1.30 mark for the first time in over two weeks. The common currency strengthened after a report from the eurozone showed that consumer and business sentiment improved. The Wall Street Journal reported that the European Commission's Economic Sentiment Indicator climbed to 89.4 in May, the figure's first advance since February. The euro found a boost from the data as many saw the improvement as a signal that the eurozone economy was finding firmer ground.

  • Brent Slips on Rising InventoriesBrent Slips on Rising Inventories

    May 31 2013 8:39 AM

    Brent crude oil tumbled below $102 on Friday morning after rising US stockpiles and waning global demand pressured prices. The commodity traded at $101.66 at 7:35 GMT on Friday morning. The US Energy Information Administration released a surprising report this week that showed crude stockpiles had risen by 3 million barrels in the week that ended on May 24. The rise was unexpected after most analysts had predicted a 400,000 barrel fall. Rising inventories during the US' peak driving season indicates an imbalance between the current supply and demand.

  • Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZDDaily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

    May 29 2013 1:05 PM

    • JPY strengthens as markets look to the safe haven currency • USD weak against most majors ahead of scheduled US bond sell offs • CAD gains ground as BoC Governor leaves post

  • OK Day for Gold as it Slightly Rises

    May 29 2013 12:45 PM

    Usually when the price of gold declines, the U.S. dollar becomes stronger. This was the case today. As the U.S. dollar dipped, the price of gold slightly increased giving hope to downtrodden investors. Currently, gold is $1,388.06 an ounce.

  • Youth Unemployment Tops Eurozone PrioritiesYouth Unemployment Tops Eurozone Priorities

    May 29 2013 10:31 AM

    The euro dipped below $1.29 on Wednesday as investors waited for unemployment data from Germany, the eurozone's largest economy. The data is expected to shed light on the state of the German economy, and could influence the European Central Bank's next policy move.