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  • Weak sales, US job growth send gold prices tumbling

    One of this year’s defining stories has been the decline of commodity prices. Chief among them is gold, which has lost more than 28 percent of its value in 2013. Friday’s upbeat US jobs report sent gold prices tumbling further, a trend expected to continue as US recovery takes shape. Fresh data from the US

  • US job growth boosts market, US Dollar

    One of the chief takeaways of last month’s FOMC policy announcement was the importance of job growth on US monetary policy. As a chief indicator of a healthy and growing economy, employment figures are being monitored closely by market participants looking to determine the status of US recovery. On Friday US job figures took centre

  • Stocks move higher after strong employment report

    Stocks in the US gained traction as accommodative policy statement from the ECB and the BoE gave investors’ confidence in the wake of the US employment report.  Stronger than expected data early in the week helped stock traders gain momentum driving up the prices of stocks into the non-farm payroll report. Prior to the opening

  • Bitcoin ETFs: Unconventional assets carry unusual risks

    The Winklevoss twins are perhaps best known for their feud with Facebook (NASDAQ:FB) , which they claim was an idea stolen from them by Mark Zuckerberg. In addition to claiming to be co-founders of the world’s leading social media website, the twins have been pursuing various investment opportunities. One of those opportunities is bitcoin, a crypto-currency

  • BoE holds rates steady, Carney weighs in
    Forex »

    BoE holds rates steady, Carney weighs in

    July 5, 2013, 20:01 GMT

    England’s central bank decided to stay the course on Wednesday, opting to hold interest rates steady in response to recent developments in the domestic economy. The UK economy has shown strong signs of recovery in recent months, as the services and manufacturing industries have gained traction, while PMI has also improved. In response to the

  • Currency action driven by Central Banks
    Forex »

    Currency action driven by Central Banks

    July 5, 2013, 19:46 GMT

    The greenback gained strength against European currencies on the heels of Thursday’s central banks statements which show that both the ECB and BoE where commitment to accommodative policy for the foreseeable future.  The dollar surged as yield differentials moved in favor of the US dollar, as ECB president Draghi gave his first statement on forward

  • Crude prices surge on Middle East tensions

    Crude prices continued to move higher despite a stronger dollar on the heels of unrest in Egypt.  The new government, which took over the Middles Eastern country on Wednesday is not a large oil producer but is situated in a region that could create unrest.  Access to the Suez Canal could be hampered by Egyptian

  • Gold prices consolidate as hedge funds liquidate long positions

    Gold prices have stabilized in the ladder part of the week, after declining for most of last week as traders continue to liquidate long positions.  Gold forward interest rates continue to work against gold bulls as the differential makes it more expensive to borrow gold and hold it for an extended period. Hedge funds continue

  • The Pound Moves Lower After First Carney BoE Meeting

    The Bank of England met today to determine monetary policy with new governor Carney taking the helm.  Unlike other central banks, when the BOE decides not to change monetary policy it does not follow with a statement.  Therefore market participants are left will little new information on the state of the economy or what the

  • Tensions grow ahead of ECB rate decision
    Forex »

    Tensions grow ahead of ECB rate decision

    July 4, 2013, 08:18 GMT

    An overwhelming sense of uncertainty characterizes the market ahead of Thursday’s ECB rate decision and monetary policy announcement. European Central Bank President Mario Draghi will be tasked with holding volatility at bay, as investors look to developments on the other side of the Atlantic for clues about what the ECB might do next. Although the