Euro continues to strengthen against the Dollar
Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt Thursday, 31 March 2011 01:22
The Euro has continued to strengthen against the dollar after inflation figures were above the ECB 2% limit for the forth month in a row. Trading to levels of 1.4224 were seem, inflation numbers in the 17 nation region are around 2.6% and have risen at the fastest pace since 2008
Australia
Last Updated on Wednesday, 20 April 2011 01:54 Written by BingoEnt Thursday, 31 March 2011 12:38
Gold continues to defy expectations of better jobless numbers on Friday and moving $6 higher overnight. The HUI (modified equal dollar weighted index of companies involved in gold mining) was also up 2% overnight confirming the physical move.
US Markets
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 31 March 2011 11:58
Equities: Dow -0.2%, S&P -0.3%, Nasdaq -0.5%, SOX +0.1%, VIX 19.4 (+9%) Volumes: NYSE $21.3bn (-8%), NASDAQ $11.9bn (-16%), CHINA $43.6 (+17%) Bonds/FX: 10-yr note 3.43%, 30-yr bond 4.49% DXY 76.2 (-), Yen 81.7, EUR 1.4077 Others: Oil $103.7 (-), BDIY 1585 (=), CRB 354.86 (-1.3%), Gold $1420 (-)A After yet another valiant attempt to […]
Euroland
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 31 March 2011 11:54
Bank of Ireland slid 11% amid speculation the government may be forced to take a controlling stake following tomorrow’s stress tests. After European markets closed, it has been revealed that three of Ireland’s biggest banks may have to raise a combined 9 billion euros ($12.7 billion) in capital.
Market Overview
Last Updated on Wednesday, 20 April 2011 01:54 Written by MegatraderFX Thursday, 31 March 2011 11:47
US stocks rose, the S&P500 1Q rally is the largest since 1998, and the recent rebound to near year highs has everyone suggesting it is recovery time. Yet there has been a drop in volatitily and this tells you that there is no conviction.





