Does yesterday’s gain in gold mean that investors don’t care about a “strong” dollar anymore?
The pattern has been that when the dollar rose, gold and silver fell. But yesterday with the dollar up on euro worries, gold and silver climbed too. Gold was up $11.60 an ounce and silver gained $1.11 an ounce
Buy on the mini-dip? Yes, if that’s all we might get after last week’s news of the Fed’s $600 billion buying spree
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Hard on the heels of the Fed’s announcement tomorrow, investors will hear from the central banks of Japan, the U.K., and Europe
The most important central banks among the developed economies are set to announce interest rate and monetary policy decisions in the forty-eight hours after the Fed speaks. If you’ve been hungry for central bank news, I think you’re about to get your fill.
Elections give stock markets the jitters–and not just in the U.S.
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
The dollar is falling and it’s not done yet
The U.S. dollar is in a holding pattern so far this morning as the currency markets wait for decisions from Australia and Japan. But after tomorrow I expect the dollar’s decline to resume. On Friday, October 1, the U.S. dollar hit a six month low and I don’t think we’re done yet.
The Irish–and euro–crisis is worse this morning
The Irish crisis deepens—at least as judged by spreads on Irish government bonds. Yields on Irish government bonds hit records on Tuesday, September 28.The immediate cause of the jump in Irish yields was an announcement that on Thursday the government will unveil a plan to pump more money, a projected $6.7 billion, into Anglo Irish Bank
Now it’s Ireland’s turn to rattle the euro
Bloomberg is reporting this morning that European central banks have bought Irish government bonds in an effort to prevent bond prices from sliding further and setting off panic selling in the debt of Ireland and other peripheral euro economies such as Greece and Portugal
It’s alive! Fear about the Euro Zone isn’t dead and buried after all
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Don’t count on Japan’s intervention to keep the yen down for long
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Now it’s Spain’s turn to unsettle the euro
Investors want to see a combination of taxes and spending that reduces Spain’s budget deficit, the Euro Zone’s third largest. But they’re skeptical that Prime Minister Zapatero can deliver: Since July 27, the spread between the benchmark 10-year German bund and the Spanish 10-year bond has widened by 0.36 percentage points
A year later and we still don’t know how much Greece owes
Four months after a $140 billion bailout “solved” the Greek crisis the European Union still doesn’t trust Greek accounting. A team from Eurostat, the European Union’s statistics watchdog, is headed to Greece to put together it calls a “solid estimate” of total Greek debt. Better late than never, I guess.
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