More From Sonny Kwon
Submerging Markets
The weekend brought a sobering warning from the Bank for International Settlements, which suggested that the emerging markets are facing their own version of the boom and bust cycle that brought the developed world to its knees three years ago.
Jun 25, 2012
Greece on the Defensive
In a match rich with economic irony and rhetorical potential, the German national team defeated the Hellenic side 4-2 in the European football championships on Friday.
Jun 25, 2012
Gold prices dive in fallout of FOMC decision
The price of gold was losing value on Thursday in as the U.S. dollar strengthened
Jun 22, 2012
Canadian Inflation on Ice
Wrapping up some fairly important Canadian data this week, CPI numbers were released earlier this morning and showed that inflationary pressures are easing somewhat, continuing to stay of the south side of the Bank of Canada's target.
Jun 22, 2012
Moody's Takes a Hatchet to Global Banks
Few large financial institutions managed to escape unscathed as Moody's repositioned the ratings of 15 banks and securities firms with global capital markets operations after the closing bell on Thursday.
Jun 22, 2012
FOMC Aftermath
Yesterday the Fed announced that they will extend their yield curve 'twisting'
Jun 21, 2012
Manufacturing Data Tells the Same Story
Advanced readings for German flash PMI came in at 44.7 versus a consensus of 45.2 while the euro zone services came in slightly better than expected at 46.8 versus 46.4
Jun 21, 2012
Fed Possibilities
Chairman Bernanke will announce his policy decision Wednesday at 12:30 EST, and considering the recent escalation in the European debt crisis
Jun 19, 2012
Spanish Yields, North American Data Shrugged Off
Markets are largely ignoring some very negative indicators this morning, seeming to feel that further support from central banks is imminent.
Jun 19, 2012
QElusional?
After the positive effects of the Greek election fade, markets will shift focus toward the Federal Reserve announcement scheduled for Wednesday.
Jun 18, 2012
Symbolic Victory for the Euro
The euro symbol was originally designed to resemble the Greek epsilon, in homage to the country often considered the birthplace of Western democratic ideals.
Jun 18, 2012
The Big Event: Greek election
Event risk is building for this weekend as the much-ballyhooed second round of Greek elections gets underway on Sunday.
Jun 13, 2012
Didn't Spain Just Get a Bailout?
It seems that since the very beginning of the European debt crisis the half-life of announced bailout measures is steadily contracting
Jun 13, 2012
Is your company missing out on 2.4 Billion worth of opportunity?
20% of surveyed Chinese companies indicate convenience and reduced FX risk for the preference to be paid in Chinese renminbi
Jun 12, 2012
Gold prices hover near $1,600 per troy ounce
The price of gold was flirting with the milestone value of $1,600 per troy ounce on Monday, but concerns about the euro debt crisis tempered the yellowish metal's advance, published reports state.
Jun 12, 2012
A Few Charts to Ponder: The Cost of Debt
Friday closed on rumours of A Spanish Bailout, which were confirmed over the weekend, prompting a risk rally when Asian markets opened on Sunday evening.
Jun 12, 2012
Who's Next on the Debt Chopping Block?
Markets reacted positively to the Spanish banking sector bailout for about two hours before the sobering reality of the situation set in.
Jun 12, 2012
Global Outlook: Reign of the Drachma-Queens
It is easy to see why the euro is falling.
Jun 08, 2012
Global Outlook: Broken China?
As we have long expected, China is beginning to decelerate.
Jun 08, 2012
The Rain in Spain
Not wanting to leave markets complacent going into the weekend, troubling headlines continue to hit the wires from the common-currency bloc overseas.
Jun 08, 2012
BizProf: How small business can manage international payments
I own a small business that imports products from overseas, what advice do you have for managing international payments?
Jun 07, 2012
ECB Holds Rates, Euro See-Saws
Resisting crisis pressure, the European Central Bank did as expected and held rates steady at 1.0% overnight.
Jun 06, 2012
Aussie GDP Data Lifts Sentiment
Australia released its Q1 GDP data at 1.3%, smashing expectations of 0.5% according to a Reuters poll.
Jun 06, 2012
Loonie pulled down against greenback by economic data
The value of the monetary unit of Canada slipped Thursday against the U.S. dollar as a consequence of underwhelming employment data issued by the U.S.
Jun 01, 2012
North American Data Disappoints
Traders woke up this morning to the quite shocking news of the US Non-Farm Payroll employment numbers.
Jun 01, 2012
Downtrend Continues
Yesterday morning the Chicago PMI Data came in quite weak with a reading of 52.7 versus and expectation of 56.7.
Jun 01, 2012
Yuan slips against dollar as pact with Japan set to start
The value of the monetary unit of China dropped against the world's reserve currency on Tuesday
May 31, 2012
Diverse Data Drives Dollar Strength
Data wise, Switzerland GDP beat forecasts by coming in at 0.7% against expectations of no change
May 31, 2012
Danish Downgrades Deepen Euro's Depression
The euro shot lower yesterday, trading with a 1.23 handle as the market digested news that eight Danish banks had been downgraded.
May 31, 2012
Assets Slashed as North America Awaits Data
With Europe rattling markets and the rush to dollars, traders have dragged down Brent Crude to cap-off what looks to be its worst performance in two years.
May 30, 2012
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