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Gold falls 2 pct as Goldman sparks liquidation fear

posted by Avatar jirachi 771 days ago in USD, Gold made popular 771 days ago

Gold dropped to a 10-day low on Friday, losing 2 percent as investors cashed in long positions after U.S. regulators charged investment bank Goldman Sachs, a leading and commodities player, with fraud.  read more
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Pound falls against dollar and euro

posted by Avatar jirachi 771 days ago in GBP

The pound fell against the dollar and the euro following last night’s televised debate between the leaders of the Labour, Conservative and Liberal Democrat parties. Exit polls and media pundits generally said that Liberal Democrat leader Nick Cle  read more
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Gold futures drop as dollar rises vs. rivals

posted by Avatar jirachi 772 days ago in USD, Gold, Metals

Gold futures dropped on Thursday, as the U.S. dollar's strength damped the appeal of the precious metal as an alternative investment.  read more
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Gold hits 4-month high on euro jump

posted by Avatar jirachi 776 days ago in EUR, Gold made popular 776 days ago

Spot gold prices rose to their highest in four months on a jump in the euro and investment demand, while platinum and palladium hit multi-month highs on expectations of strengthening industrial demand as the economy recovers.  read more
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Europe Offers Greece $61Bln Loan

posted by Avatar jirachi 776 days ago in EUR, Trade made popular 776 days ago

European governments on Sunday offered debt-laden Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end Greece's fiscal crisis and restore confidence in the euro.  read more
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The EUR / USD finally reverses downtrend

posted by Avatar jirachi 777 days ago in USD, EUR

After several days invicta, the U.S. dollar finally fell into place and appear to reverse its course. Against the euro, the dollar after reaching highs in the area of the 1.3280 , the pair fell into the 1.3355 at the end of the day yesterda  read more
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Gold likely to stay bullish on demand as safe asset

posted by Avatar jirachi 777 days ago in USD, Gold

old is expected to continue the upward movement and will stay above $1,160 per ounce, according to technical analysts. Adam Hewison, President of MarketClub.com, said gold must increase above the $1,160 area or risk retreating. Rallies in the pas  read more
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Bank of Ireland and EBS to raise mortgage rates

posted by Avatar jirachi 778 days ago in EUR, Inflation made popular 778 days ago

TWO MAJOR Irish mortgage providers are set to increase their interest rates over the coming weeks, only a day after the European Central Bank said it would keep interest rates at a record low.  read more
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Japan push to beat deflation

posted by Avatar jirachi 778 days ago in JPY, GDP made popular 778 days ago

Japanese Prime Minister Yukio Hatoyama and Bank of Japan (BoJ) governor Masaaki Shirakawa discussed the need to step up efforts to beat deflation and agreed to meet every three months to keep tabs on the economy.  read more
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Oil falls for second day on strong dollar

posted by Avatar jirachi 779 days ago in USD, Oil made popular 779 days ago

Oil declined for a second day yesterday towards $85 (Dh311) a barrel, pressured by a stronger dollar and a rise in US crude stockpiles to their highest level in nearly 10 months.  read more
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EUR/GBP Easier On The Day

posted by Avatar jirachi 779 days ago in EUR, GBP

EUR/GBP is presently down at session low .8738 from early .8755. Well that’s where it was when I parked by bum down nearly 6 hours ago.  read more
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USD rises vs. European currencies on Greek woes

posted by Avatar jirachi 780 days ago in USD, JPY, Trade made popular 780 days ago

The dollar rose as renewed jitters over Greece's debt crisis and the prospect of a faltering recovery in Europe drove investors to safer havens such as the U.S. currency and the Japanese yen.  read more