The congressional super committee that was assigned to solve the roadblock the government faced over the summer did not help to improve market sentiment. However, according to US bond yields and the recent performance of the USD...
Comments by ECB President Mario Draghi highlight the ECB’s position in the European debt crisis. His remarks suggest the European Central Bank will not come to the rescue of financially pressured nations. However,
A report released from the World Gold Council showed central banks more than doubled their gold purchases in Q3. With increasing expectations of QE3 coming from the Fed this quantity of gold buying may continue to support...
The BoE is one step closer towards additional quantitative easing (QE) with the release of the Bank of England’s inflation report. Growth is expected to be flat as austerity measures weigh on the UK economy. Deterioration in...
Sentiment in Europe is deteriorating as the pressure remains on Spanish and Italian bonds. Both the USD and German bunds are outperforming in this type of trading environment while commodities are generally lower. Crude oil is the...
The rebound the EUR received late last week was short lived after Italian and Spanish bond yields moved higher. Today the economic calendar is filled with important economic data points from Europe, the UK, and the US,...
Talk of a Greek exit from the EMU may have gone overboard. The new Greek Prime Minister Lucas Papademos has promised to carry out all of Greece’s obligations to receive European bailout funds. This may help to...
Financial markets have begun to recover from Wednesday’s panic with a moderately successful Italian bond auction. Liquidity will likely be light for the day with many banks closed in observance of Armistice/Veterans Day.
The trigger for yesterday’s slide in the EUR was when LCH Clearnet raised its margin requirements for Italian bonds, forcing some banks to put up additional capital or sell their positions. Most chose the latter and thus...
Since last week’s bout of USD strength the major currencies continue to trade in defined ranges as market players look for the next big event which could come from Europe.
