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Euro at 3-Month Low as Greece May Leave Eurozone
The euro fell today, reaching the lowest level in more than three months against the US dollar, as speculation that Greece may leave the eurozone drove away investors from the shared 17-nation currency.
Has China got further to slow?
Last week saw the release of a plethora of Chinese economic activity data, all of which came in weaker than expected. Money supply and loan growth data dipped down again in April after having put in reasonably strong growth in March. Industrial
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GBP/USD Fundamental Analysis May 14, 2012, Forecast
Analysis and Recommendations:The GBP/USD retreated to trade at 1.6093. The pair had been fairly quiet over the past few days, as the risk aversion mode was in full force, but today, the UK had a few eco reports, that all gave disappointing resu
Gold Fundamental Analysis May 14, 2012, Forecast
Analysis and Recommendations:Gold continues to fall trading at 1588.95 down an additional 6.55 in this session. It seems that traders have completely turned their backs on gold. Gold has always been thought of a safe haven and a hedge against
People's Bank of China Cuts RRR 50 basis points
The People's Bank of China (PBOC) announced a 50 basis point cut in the required reserve ratios (RRR) for deposit taking financial institutions, effective 18 May 2012. The new required reserve ratios will average 20.00% for large banks, and 18.0
GBP Falls vs. USD & JPY, Gains vs. EUR Over This Week
The Great Britain pound fell against the US dollar and the Japanese yen this week as growing concerns about the health of the UK economy reduced appeal of the currency. The sterling is still perceived as refuge from Europe’s crisis, therefore it
Pound Drops as Consumer Confidence Worsens
The Great Britain pound declined after a report showed that confidence of Britons worsened last month, spurring speculation that the Bank of England will be forced to perform quantitative easing.
Monetary Policy Week in Review - 12 May 2012
The past week in monetary policy saw three central banks announcing interest rate changes: Poland increased 25 basis points to 4.75%, Malawi hiked rates 300bps to 16.00%, while Belarus cut rates -200bps to 34.00%. Those that held interest rates
Gold Fundamental Analysis May 11, 2012, Forecast
Gold is trading at 1595.45 mostly sideways today, as risk aversion continues in the markets. The USD and the JPY continued to be the benefactors of stressed markets.This week we are scheduled to see a barrage of data from China, but early num
Silver Fundamental Analysis May 11, 2012, Forecast
Silver is trading at 29.20 down for the day, silver did not follow gold today but the two bounced between small gains and small losses. The metal family along with most commodities did not fare well as the US was able to continue to maintain stre


