Gold entered a so-called bear market, dropping for a fourth day, after Greek leaders failed to form a government, increasing speculation that the country may quit the euro. The Dollar Index (DXY) was driven to a record advance. The Dow Jones Industrial Average (INDU) fell to an almost four-month..
Crude oil prices are highly sensitive to the economic expectations. Each time the market fears a ‘double dip’, the energy contract plunges. The last time we saw this was in August last year, where energy prices slumped from $100 to $80 in a matter of days. Recent price action also bodes..
All things considered, U.S. equities ended Monday in decent shape as the S&P 500 and Nasdaq were able to book modest gains following a rocky Asian session at the hands of the French and Greek election news. U.S. stocks fought off negative action early in Monday’s session as it appeared..
The euro slid to a three-month low after French Socialist Francois Hollande was elected President. Hollande, the first Socialist in 17 years to control Europe’s second-biggest economy, calls for policies opposed by German Chancellor Angela Merkel, including increased spending and a delayed..
The euro remained lower following a three-day decline on bets that European Central Bank President Mario Draghi will hint at further stimulus measures to counter the region’s debt crisis. The 17-nation currency was 0.2 percent from a two-week low versus the yen before Spain auctions debt. Markit..
Gold held near a 2-week high this morning on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected U.S. economic data and speculation the Federal Reserve could ease policy further to boost growth. Money managers in gold futures and options had slashed net..
The euro hovered near a three-week high against the dollar on Wednesday while focus turned to the outcome of a Federal Reserve meeting. The euro traded at $1.3197, close to levels not seen in three weeks, after hitting the previous session’s low of 1.3145. Immediate resistance is at last..
Socialist Francois Hollande and President Nicolas Sarkozy progressed to the final round of France’s election, with pressure to appeal to the supporters of Marine Le Pen’s anti-euro National Front, who made up 18.1 percent of the vote. Le Pen’s better-than-expected performance highlighted..
Economic experts watching Spain don’t know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself. Economists believe that Spanish banks will have to turn to..
The euro lost ground slightly and German government bond prices edged away from record highs on Tuesday as investors waited to see if concerns over Spain’s budget deficit and banking sector push up borrowing costs at a debt sale. Spanish 10-year bond yields traded above the key six percent..
