Questions abound since the Standard & Poor’s stripped off the top-notch US credit rating

It has been almost a month that the Standard & Poor’s stripped off the US of its top-notch credit rating, but since then there are more questions than answers about the effect of this decision on the entire financial market in the US. This particular move was taken by the credit rating agency... Read the article »

Factors Influencing Gold Prices

Like the prices of other commodities, gold prices are driven by the demand and supply since the majority of gold which has been mined over the centuries still exist in the world and so it has the potential to hit the market any time, but for a good price. Unlike many other commodities hoarding and also... Read the article »

EU Morning Report – Dollar strengthens helped by a healing US economy

Here are the latest Financial News: Dollar strengthens helped by a healing US economy  The US dollar rose against a basket of currencies today as economic data continue to spur investors’ optimism for a US economy that is improving in a fast pace. FOMC meeting minutes were released on Tuesday... Read the article »

Daily Outlook – USD/CHF all time low, AUD/USD all time high

Here are the latest Financial News: U.S. Dollar Trading (USD) was sold on weaker than expected US data with December Conference Board Consumer confidence slumping to 52.5 vs. 54.3 previously and Case Shiller HP falling -0.8% y/y in October. In US stocks, DJIA +9 points closing at 11585, S&P +1 points... Read the article »

EU Morning Report – Dollar is steady ahead of economic data

Here are the latest Financial News: Dollar is steady ahead of economic data  The dollar is stronger on Thursday’s currency markets after Q3 Gross Domestic Product was revised slightly higher 2.6% from a previous 1.7% on Wednesday but lower than markets expectation of a 2.8% increase. Data also... Read the article »

EU Morning Report – Euro steadied ahead of the EU summit

Here are the latest Financial News: Euro steadied ahead of the EU summit The dollar paused its rally on Thursday as US Treasury prices edged higher. On Wednesday, the US dollar rose against a basket of currencies supported by rising US Treasury yields. Jobless Claims and Manufacturing index are expected... Read the article »

Daily Outlook – Currencies Range Trading

Here are the latest Financial News: U.S. Dollar Trading (USD) with little movement seen in the markets overnight the Dollar finished roughly where it began against most pairs. Weekly Jobless Claims were strong at 421k vs. 435k forecast. In US stocks, DJIA -2 points closing at 11370, S&P +4 points... Read the article »

Daily Outlook – Risk On ahead of Non Farm Payrolls

Here are the latest Financial News: U.S. Dollar Trading (USD) the Dollar was under pressure again last night as stock market’s rallied around the world for a second day. Weekly Jobless Claims jumped to 436k vs. 407k previously but the market was focused on strong performance of European bonds and... Read the article »

EU Morning Report – USD in a trading range as US observes Thanks Giving!

Here are the latest Financial News: USD in a trading range as US observes Thanks Giving! The Dollar Traded quietly during yesterdays US market holiday. The majors traded inside recent ranges with little fresh news to move the markets beyond. Risk aversion took a small break during the day however as... Read the article »

Daily Outlook – Markets Rally on Bailout Optimism

Here are the latest Financial News: U.S. Dollar Trading (USD) a very large successful GM IPO and positive developments regarding the Irish EU/IMF Bailout. The Mood change began in Asia with stocks then beginning a 24hour global stock market rally. November Philadelphia Fed jumped to 22 vs. 5 forecast.... Read the article »