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Gold firms as euro sinks

posted by camac 729 days ago in EUR, Gold made popular 729 days ago

Gold edged up late on Friday, after Fitch Rating cut Spain's debt ratings, renewing fears of spreading euro zone credit problems and pressuring the euro and US stock prices, which pushed some gold investors to cover short positions before the lon

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Japan's Yen Rises Above War Jitters, Deflation

posted by camac 730 days ago in JPY, Trade made popular 730 days ago

Japan is again suffering from deflation. Prime Minister Yukio Hatoyama's ability to spur the economy is sharply constrained by record public debt exceeding 882.9 trillion yen ($9.78 trillion). It has the lowest interest rates of any developed nat

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Falling Oil May Reduce US Summer Gasoline 25 Cents a Gallon

posted by camac 732 days ago in USD, Oil made popular 732 days ago

Tumbling crude oil might reduce U.S. summer gasoline prices by 25 cents a gallon, the Energy Information Administration said today.

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Euro falls, seen as vulnerable this week

posted by camac 734 days ago in EUR, AUD

The euro fell as investors sold into its latest bounce, while the Australian dollar dropped as unwinding of carry trades funded in the single currency continued on concerns markets would remain volatile.

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Dollar, yen gain in Asia as stock markets slip

posted by camac 734 days ago in USD, JPY made popular 734 days ago

The dollar and yen gained in early Asian trading Monday, as a weak start to equities in Japan and South Korea prompted risk-averse investors to seek the perceived safety of lower-yielding, less risky currencies.

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More on the European Impact

posted by camac 734 days ago in USD, EUR, Inflation made popular 734 days ago

Some clarification and expansion of my recent off-consensus analysis of the implications of the European debt crisis is in order. In short, I noted that lower energy costs and interest rates were generally positive for the US. Responses came from

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Currency funds punished as appetite for risk evaporates

posted by camac 735 days ago in EUR, AUD, Trade made popular 735 days ago

The ferocious appetite for risk-taking in everything from Peruvian debt to global financial stocks has evaporated in a matter of weeks, if not days, and the biggest losers in the unwind have been concentrated in currency funds.

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Inflation rate willl put pressure on employers to boost wage

posted by camac 737 days ago in Inflation, Retail Sales, Employment made popular 737 days ago

Employers are likely to face increasing pressure to raise pay after inflation hit a 19-year high in April, according to employment experts.

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Euro holds ground after rumours flood markets

posted by camac 737 days ago in EUR, Trade made popular 737 days ago

The euro held its ground in Asian trade Thursday after plunging to a four-year low on heightened anxiety about eurozone debt, while regional shares suffered a heavy knock-on effect from the crisis.

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Euro hits 4-year low after German short-selling ban

posted by camac 739 days ago in EUR, Trade made popular 738 days ago

The euro hit a new four-year low against the dollar in Tokyo on Wednesday after a move by Germany to ban certain market trades fuelled fears for Europe's banks, amid a deepenin debt crisis.

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Bullion Prices & Business Weekend Recap – May 15, 2010

posted by camac 742 days ago in USD, Weekly, Gold made popular 742 days ago

New York precious metals tilted lower on Friday, but posted gains for the week. Gold ended slightly down on the final business day after hitting a new record in morning trading. Profit-taking, a rising dollar and margin selling were cited as pres

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Gold slides from record high to session low

posted by camac 743 days ago in USD, Gold made popular 743 days ago

Gold fell from record highs on Friday to a session low at $1,219.05 an ounce as the metal was caught up in selling of other assets such as stocks and commodities after failing to break through the $1,250 level.

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