Morning coffee brief
Asian markets were mixed as they adapted to Greek and euro zone unpredictability. Overnight Greece put in place a caretaker government and set a fresh restart for elections next month.
Tag Archives: GLD
Commodity prices and U.S. dollar waiting on 2pm Fed statement
Sour sentiment from Asian markets has continued into the euro zone session, sending commodity prices lower still as traders continue to exit growth-sensitive commodities like copper and crude oil, and into safe haven assets the U.S. dollar and Japanese yen.
Morning coffee brief
The world’s largest economy has now taken it on the chin in the last 9 out of 10 sessions with global and emerging market following. The old saying “sell and go away in May” seems to have been the right call for those that did just that. For the rest of us a healthy diet of risk off assets appears to be the name of the game.
Why is my gold not so shiny?
The spot price of gold is trading lower into the afternoon on the failure of Greek political negotiations to solidify an agreement, increasing the possibility of Greece leaving the euro zone.
Morning coffee brief
U.S. futures point to a positive open on the back of the euro zone being green across the board with a ray of light penetrating the European cloud of uncertainty.
Morning coffee brief
U.S. futures are pointing much lower in electronic trading this morning, as trader digest the fallout from JPMorgan’s $2 billion trading loss. The U.S. markets, along with India and other emerging markets, will be under pressure as they work through the slew of headlines over the weekend.
Building a diversified income strategy with emerging markets
Pacific Investment Management (PIMCO) released an informative strategy paper recently outlining the environment for credit products and a diversified income strategy.
Gold wipes out 2012 gains
Gold bugs watched gold prices fall even further this week, basically wiping out 2012’s gains on the COMDEX as money flowed from risk assets to the safety of the U.S. dollar and Japanese yen.
Why the risk funds may be better signals than trades
We’re not huge fans of “risk on” / “risk off” explanations of global market movements around here. Not only is it simplistic to reduce all the factors that play into the rise and fall of asset classes to a simple binary proposition, but it looks like even its limited viability is evaporating fast.