Archive for January 14th, 2012

The dollar made an impressing comeback at the end of a very eventful week. Will this continue? German ZEW Economic Sentiment, a rate decision in Canada, employment data in Australia and US housing figures are the highlights of this week. Here is an outlook on the main events in the week ahead. La… read full… »

Looking at Golds monthly chart below from 1999 to the present, you can see that golds been in a steady uptrend since 2002. GOLD MONTHLY CHART NOV. 2001 JAN 2012 01 jan 12 1658 The current 5 month downtrend (begun in September 2011) has brought predictions that golds run… read full news Published: Sun, 15… »

A report published by BlackRock Solutions finds a shortfall of 15 billion euros in Greek banks. They will have to draw plans to cover the missing cash, and this may include selling both good and bad assets. As Greek banks are heavily exposed to Greek government bonds, the actual shortfall also de… read full news… »

China will take measure to stabilize its exports and imports as slowing global growth creates a grim situation for trade, said Zhang Xiaoqiang, a vice chairman at the nations top economic planning agency. Downward risks for the global economy are increasing, the National Development and Ref… read full news Published: Sun, 15 Jan 2012… »

S&P: Rating Decision Doesn’t Include Risk Of Euro Zone Breakup — S&P: Periphery Has Neither Credibility Nor Room For Stimulus –S&P: Fiscal Stimulus In Periphery Wouldn’t Be Credit Positive — S&P: Policy Response Has Not Kept Up With The Challenges–The euro zone’s policy response to its debt… read full news Published: Sun, 15 Jan 2012… »

Should we be questioning if US data is beginning to top out? This week, US releases were less than enthusiastic, with jobless claims rising smartly and retail sales disappointing. The steady improvement in initial jobless claims rose a rather disturbingly large +24k last week, rising from a modestly… read full news Published: Sun, 15 Jan… »

Ratings downgrades in the euro zone by S&P underline why Europe must seal a pact to tighten fiscal rules quickly and get its permanent bailout fund up and running as soon as possible, German Chancellor Angela Merkel said on Saturday. “We are now challenged to implement the fiscal compact even qui… read full news Published:… »

GBPUSD: The pair is maintaining a firm hold on to its medium term downtrend as it followed through lower on the back of its previous week losses on Friday. Though this development saw GBP testing a low of 1.5235 level, it failed to hold below the 1.5270 level, its Oct 2011 low. A convincing… read… »

U.K. inflation probably eased in December to its slowest pace in six months as stores cut prices to lure shoppers during the key Christmas trading period. Consumer prices rose an annual 4.2 percent after a 4.8 percent gain in November, according to the median forecast of 36 economists in a Bloom… read full news Published:… »

Valencia is to Spain what California is to the U.S. and bond markets are increasingly taking note. That isnt because it too has (mostly) reliable sunshine, beautiful beaches and juicy oranges, but because it has amassed more debt than it can comfortably manage. After a massive spending and const… read full news Published: Sat, 14… »