Gold steady today after yesterdays highs.
Tuesday, 19 April 2011 02:23
Gold hovered around the 1,500 level after hitting new highs yesterday off the back of the S & P downgrade of the US. The 14 day RSI rose to 71.204, above the level of 70 that most believe as a sign that prices are ready to retreat.
Read MoreAustralian markets off
Tuesday, 19 April 2011 10:33
All Ord’s and ASX 200 both fell around 1.5 % to close at 4,874 and 4,793 with the mining and energy sectors hit the most
Read MoreUS Bond Market Update
Tuesday, 19 April 2011 06:53
The US bond market treasury yield curve has steepened with long-term rates rising and short-term rates falling after the S&P announcement which will certainly worry holders of US dollars.
Read MoreUS Commodity Markets
Tuesday, 19 April 2011 06:33
Oil fell for the first time in four days in NY after Saudi Arabia the world’s biggest crude exporter, said the global market has enough supplies to meet demand
Read MoreUS Market Close
Monday, 18 April 2011 11:57
US markets edged their way up from session lows yet still settled losses in the 1% range. Initially weakness was the result of debt issues in Eurolands markets and the US opened trade sharply lower.
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