Bank of Russia to Buy 'Considerable' Gold in 2012
By Mark O'Byrne Gold's London AM fix this morning was USD 1560.50, EUR 1240.66, and GBP 996.04 per ounce. Yesterday's AM fix this morning was USD 1558.50, EUR 1239.27, and GBP 993.62 per ounce. Silver is trading at $28.30/oz., 22.60/oz. and 18.13/oz.
Friday Volatility 05-25-12
The SPX 500 sits about 3 points higher than Thursday’s close on the S&P 500 (as of 8:28am ET).
Japanese Yen Remains Stronger Against European Currencies
The Japanese yen continues to appreciate against European currencies, thanks to the uncertainty in Europe. Concerns about what’s next for the eurozone are weighing on risk, and the Japanese yen is once again being used as a safe haven currency.
Bank of Russia To Buy Considerable Figure" Of Gold Tonnage in 2012
By Mark O`byrne Gold's London AM fix this morning was USD 1560.50, EUR 1240.66, and GBP 996.04 per ounce. Yesterday's AM fix this morning was USD 1558.50, EUR 1239.27, and GBP 993.62 per ounce. Gold was off $1.70 or 0.11% in New York yesterday and ...
Growing Hope of ECB LTRO #3 Gives European Equities a Jolt
So far, Europe’s equity markets are enjoying another up day, following a string of declines as investors brace themselves for what is likely to be Greece’s withdrawal from the Eurozone. What is providing some buoyancy is growing speculation that
GBP/USD Stabilizes Above 1.565
On Thursday Pound/Dollar traded within 90 pip range. The Cable appreciated from 1.5637 to 1.5727 yesterday, in converse with the negative money flow sentiment at nearly -28%, closing the day at 1.5662. Today the British Pound is trading quietly, ...
EUR/JPY and GBP/JPY at Declining Channel Support
Basically in both the EUR/JPY and GBP/JPY, we are ready for some corrective rally. However, there is still further downside before some more key support factors come in play. So without confidence for the bullish outlook from the current support,
Daily Technical Strategist: GBPJPY
GBPJPY – Having continued to hold on to its broader downside GBPJPY looks to target the 124.63 level.
Negative Q1 GDP Growth in UK Weighs on GBP; FTSE 100 Hovers
High yielding currencies were lower during the last few sessions, propelled in part by disappointing growth figures out of the UK. First quarter GDP numbers in the UK were lower than market expectations (largely on weakness seen in the constructi
GBP/USD Fundamental Analysis May 25, 2012, Forecast
The GBP/USD traded in a fairly tight range today, closing at 1.5696. Remembering that the GBP was in striking range of the 1.63 price level just a fortnight ago. The UK continues to see negative eco data, and a weak housing market.
EUR/CHF Fundamental Analysis May 25, 2012, Forecast
The EUR/CHF strengthened today in an unexpected move, as the pair is now trading at 1.2038. Late in trading the pair soared to hit a high of 1.2068 and then declined to trade at 1.2038
USD/JPY Fundamental Analysis May 25, 2012, Forecast
The USD/JPY is trading at the end of the Asian session at 79.48As risk aversion remains the call of the markets, investors are ignoring fundamentals and continue to move to safe havens, shedding anything associated with the EU. After the coll


