Tag Archives: Germany

Currency outlook

Currency wars continue as the Bank of Japan continues to attempt to verbally lower the yen while the euro catches a bid higher as sentiment strengthens that the euro zone is indeed stabilizing sending the EUR/JPY to nearly a 3 year high, the pair has not been seen this high since May of 2010.

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Global markets mixed after Fed rate announcement

The Federal Reserve announced on Wednesday that it will not raise interest rates until at least late 2014 in its latest attempt to fuel the economic recovery, but global stocks kept an eye on the situation in Greece as well. Markets in Australia, China, India and Taiwan were closed for public holidays.

Market Updates

Gold: where is it headed? (GLD, FXE)

Gold prices dropped over $63 last week among some increasing negative headlines out of the euro zone and with traders now turning their attention to the supper committee and its lack of progress ahead of the November 23 deadline. One can’t help but wonder why gold dropping with all the global turmoil?  After reaching the entire weekend it all boils down to speculation.

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