Posts Tagged ‘Debt’
London Gold Market Report
from Ben Traynor
BullionVault
Wednesday 25 January 2012, 08:30 EST
SPOT MARKET gold bullion prices dropped to $1653 an ounce Wednesday morning London time – down 1.7% from Monday’s high – while stock markets, commodities and the Euro all slid and US Treasuries gained after the head of the International Monetary Fund suggested the European Central [...]
London Gold Market Report
from Adrian Ash
BullionVault
Thurs 24 Nov., 08:55 EST
The WHOLESALE-MARKET gold price briefly crept back above $1700 per ounce once again on Thursday morning in London, rising faster in Sterling and Euros as they slipped back versus the Dollar on the forex market.
With New York shut for Thanksgiving, Japan’s Nikkei index fell to its [...]
There is no greater proxy for risk in the forex market than the Australian dollar (AUD) as the interest offered in Australia and its liquidity make it desirable for carry trades. Recent selling in the Aussie vs. USD has pushed it lower to just above parity with USD as the risk emanating from the Euro [...]
With the announcement earlier this week that a deal to help contain the Eurozone debt crisis was in the works, attention quickly shifted from Greece to Italy. Compared to Greece, Italy’s debt situation is only marginally better with a debt to GDP ratio of 116 percent as of the end of 2010, compared to Greece’s [...]
The euro declined 0.4 percent to $1.3855 in late-day trading as it became increasingly unlikely that European Officials would arrive at a finalized plan for dealing with the growing European debt crisis during a meeting today in Brussels. German Chancellor Angela Merkel even went so far as to blunt expectations for a deal saying “the [...]
Quote of the day: “Get your facts first, and then you can distort them as much as you please” ~ Mark Twain Good morning. The dollar continues to lose ground as risk sensitive currencies rebound after consolidating for a week. Short covering also fueled current recovery along with market optimism that European Leaders will act [...]
Quote of the day:“What you risk reveals what you value.” ~ Jeanette Winterson Good morning. Choppy trade is still the main theme as indecisions, rumors, nonsense and random good or bad news rule supreme these days – ahead of the two summits on Europe’s debt crisis. Looking at some of the most important currencies, one might [...]
Quote of the day:“The only time you don’t fail is the last time you try anything – and it works.” ~William Strong Good morning. Yesterday’s rally towards $1.39 has been short lived as no agreement has yet been on the size of the euro-zone bailout fund. Therefore, selling accelerated across equity correlated currency pairs. As [...]
