Day: September 26, 2011

September 26
2011

Germany: Greens and SPD Vow to Support Euro

One of the difficulties associated with making progress on the sovereign debt crisis, and bailing out countries like Greece, has been foot-dragging from Germany. Angela Merkel, the conservative German chancellor, has seen divisions over the matter of eurozone bailouts in her coalition government. Some German politicians are loathe to use their resources to provide bailouts for other eurozone countries. Germany is already a huge player in supporting the euro on the FX […]

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September 26
2011

Pound Rises Amid European Crisis and Run from Risk Markets

The British pound grew strong amid the European debt crisis and the downfall of the stock markets and commodities, falling against only two out of sixteen most-traded currencies today. The pound has reached the highest level against the euro in almost two weeks today and also rose from for a second day against the US dollar. The British currency also recovered from the all-time low versus the Japanese yen. The GBP declined against the Norwegian krone […]

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September 26
2011

Is It All Over for Gold?

Gold has failed to take the psychological level of $2,000/ounce, formed a double top recently, and posted the biggest weekly drop in its recent history last week. While this could be a sign of a short-term weakness amplified by the unfavorable market conditions, it also could be something more for this all-popular precious metal — a possible loss of the bullish momentum and a slide to a bearish market. It’s possible to outline two important fundamental factors […]

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