Financial Market News

 

“Counterattack by Bulls” Sets Up Gold for Weekly Gain, Greek “Can of Worms” Could Be “Messy” for Investors

London Gold Market Report from Ben Traynor BullionVault Friday 18 May 2012, 09:00 EDT WHOLESALE MARKET gold prices climbed as high as $1594 an ounce during Monday morning’s London trading, jumping 1.5% in the first two hours, while Eurozone stocks looked to have stemmed four days of losses despite Greece and Spain seeing negative ratings decisions. A [...]

ForexCT’s Afternoon Market Thoughts for 18 May 2012

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.    

EUR Avoids New 4-Month Low

Source: ForexYard While the euro remained bearish against its main currency rivals throughout yesterday’s trading session, it avoided falling to a new four-month low against the US dollar. The marketplace was unusually calm, as a bank holiday in Europe resulted in limited movements among the most traded currency pairs. As we close out the week, [...]

USDJPY breaks below 79.43 previous low

After consolidation, USDJPY breaks below 79.43 previous low support, and continues its downward movement from 84.17 (Mar 15 high). Further decline could be expected over the next several days, and next target would be at 78.00 area. Resistance is at 79.70, only break above this level could indicate that lengthier consolidation of the downtrend is [...]

How the Ukraine Could Be Europe’s Biggest Shale Gas Play

By MoneyMorning.com.au We know it’s an odd thing to say, but right now, we like Europe. Sure, Greece is on the verge of leaving the euro. The European Union has only narrowly avoided falling into recession. And Moody’s Investors Service is set to downgrade several Spanish banks. Only a fool would exchange ‘safe’ Aussie dollars [...]

Why Reverse Compounding is the Road to Rags… Not Riches

By MoneyMorning.com.au While keeping expenses below revenues seems simple enough, many people today live beyond their means. Due to misguided monetary policy, society has favoured debt accumulation over saving. And as a strategy, it has worked well for decades. That’s because the return on assets (shares, property, bonds etc) were well in excess of the [...]

CNG: The Missing Link for Natural Gas Transportation

Article by Investment U Gas drillers and other companies are looking with intense interest at CNG-based transport and storage technology. Pity the poor North Slope of Alaska… The region produces 600,000 barrels of oil a day, accruing millions of dollars for the state’s treasury as the crude is pumped through the Trans-Alaska Pipeline System. But [...]

How to Profit From the Facebook IPO Without Buying Facebook

Article by Investment U Facebook is a cloud computing company. Profit from the Facebook IPO by buying the companies that provide Facebook's cloud computing infrastructure. Over the last couple of weeks, investors have been hearing a lot about the Facebook IPO and the accompanying high-profile road show. For those who are confused, the road show [...]

Jump in Gold as France Refutes EU Pact, Portuguese Contingency Rumored, Chinese Demand Overtakes India

London Gold Market Report from Adrian Ash BullionVault Thurs 17 May, 08:30 EST THE WHOLESALE MARKET gold price jumped at the start of New York trade on Thursday, cutting the week’s previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again. The gold price touched $1558 [...]

Major Forex Outlook For the Coming Week

By TraderVox.com Tradervox (Dublin) - This week has seen major changes in currency trend as the EUR/USD pair remained under the uptrend support of 1.30 on Greece exit concerns. The GBP/USD pair has broken the 1.60 level to trade at mid 1.59 during the most of the week. The yen and the dollar have enjoyed bullish [...]

ForexCT’s Afternoon Market Thoughts for 17 May 2012

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.  

Higher Yielding Currencies Maintain Bearish Trend

Source: ForexYard Higher yielding currencies, namely the EUR and AUD, remained bearish during European trading yesterday, as fears that Greece will have to leave the euro-zone led to risk aversion in the marketplace. Investors are now worried about what the possible effects of a Greek exit from the euro-zone would be for other indebted countries, [...]

Get in Early on Shale Gas

By MoneyMorning.com.au One of the buzzwords at this week’s Australian Petroleum Producer and Explorer Association (APPEA) conference is ‘Shale’. And specifically, shale gas. If you’re not familiar with it, shale gas is gas that’s trapped within deep shale rock formations. Until recently, it was almost impossible to recover this gas. But technological advances mean natural [...]