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  • Bank of England introduces long-awaited governor ahead of MPC meetings

    Monday marked one of the most highly anticipated days in the world of finance, as the Bank of England introduced its new Governor. Mark Carney, the former head of the Bank of Canada, assumed office this week as the first foreign Governor in the BoE’s 319-year history. Carney helped Canada become the only G7 nation

  • Slow day in the market as trade in U.S. finished early

    Wednesday was a slow day in the market as trade in the US finished early ahead of the 4th of July public holiday. EURUSD drifted slowly lower after the open in Europe, ahead of key manufacturing data across the Eurozone. Italy, France, Germany and the Eurozone as a whole all released separate purchasing manager’s index

  • Euro trades heavy after Portuguese Finance Minister resigns

    The euro traded heavy as political uncertainty took its toll on the Eurozone after the Portuguese Finance Minister resigned, through the country into chaos.  This incident comes just days before Greece is scheduled to meet the latest terms of its next aid tranche. Portuguese bond yields climbed nearly 100 basis points to 7.40%, but were

  • Stocks move higher in holiday shortened session

    Stocks in the US moved higher despite news that the Portuguese finance minister resigned pushing the EU back into political uncertain and watching yields soar more than 100 basis points to 7.40%.  Stocks in Europe declined on the news with the Portuguese index declining more than 6% and the CAC and the DAX experiencing significant

  • Unrest in Egypt boosts oil prices
    Commodities »

    Unrest in Egypt boosts oil prices

    July 4, 2013, 05:11 GMT

    Oil prices received a boost on Tuesday and continued to rise Wednesday as fear over unrest in Egypt helped WTI spike above 100 dollar per barrel.  The rally came despite an expected drop in demand for gasoline as reflected by the American Petroleum Institute’s report on inventory released on Tuesday evening. WTI has been increasing

  • Fed Officials Appear to Have Calmed the US Markets

    Stocks in the US started off on a positive note after the Nikkei rallied nearly 2%, retracing some of the large declines seen from the middle of May to the tail end of June.  Mid-day stock began to trade on the defensive and closed lower with the Nasdaq and S&P 500 barely changed. Fed officials

  • Sterling Traders Lower After PMI Report
    Forex »

    Sterling Traders Lower After PMI Report

    July 2, 2013, 21:38 GMT

    The Pound continued to weaken on Tuesday after consolidating at the beginning of the week and declining nearly 5 big figures since the beginning of June. Strength in US yields and a weaker yield differential have eroded the value of sterling, driving down the GBPUSD currency pair by more than 3%. On Tuesday, UK construction

  • Silver Consolidates After Historic Fall

    Silver prices have eroded significantly over the past three months moving lower by nearly 30% since the beginning of April.  Prices have declined as the dollar has climbed making silver more expensive to borrow and less attractive against the greenback.  Silver is generally considered a preciuos metal that is used as a hedge against inflation

  • Strong ISM Gives Stocks a Boost
    Stock market »

    Strong ISM Gives Stocks a Boost

    July 2, 2013, 06:24 GMT

    Stocks in the US started the third quarter on a positive note as investors sentiment turned positive at the end of the second quarter.  It seems that investors overreacted to comments about tapering from Chairman Ben Bernanke, which has been clarified by other members of the FOMC post the last Federal Reserve interest rate meeting.

  • Yen Weakens on Positive Sentiment
    Forex »

    Yen Weakens on Positive Sentiment

    July 2, 2013, 06:09 GMT

    The USDJPY currency pair is poised to test the 100 per yen level as 10-year interest rate differentials tested the highest levels seen in the past 24 months, near 180 basis points.  A stronger than expected Tankan survey gave a boost to the USDJPY currency pair, driving the dollar above the 99 level for the