Posts Tagged ‘Quantitative Easing’
Gold and Oil News - August 30, 2012 23:57
Gold Futures Drops ahead of Bernanke Speech
Gold futures declined on Wednesday mainly in reaction to stronger greenback while investors were also mixed over the decision of central bankers ahead of Bernanke speech. Gold futures contract for December delivery plunged 0.4 percent or %6.70 to settle at $1,663 per ounce on the Comex division of the New York Mercantile Exchange. US Federal […]
Euro Declines as European Leaders Remain Uncertain on Figure of Bailout Funds
The US dollar gained versus the single currency on Wednesday as the European Union leaders still failed to deliver any dollar figure for the recapitalization funds of the banks. The euro fell to 1.3911 against the US dollar on Wednesday as compared to 1.3921 on Tuesday’s North American trading session. The dollar index DXY which […]
Euro Gains on Wednesday over Positive Development on Euro Zone’s Debt Situation
The single currency was stronger on Wednesday as positive hopes prevailed among investors on the euro zone’s debt situation. Traders were optimistic about the summit in Brussels on Thursday where French President Nicolas Sarkozy and German Chancellor Angela Merkel have met to find a solution of Greece’s debt problems. Senior market analyst, Andrew Wilkinson from […]
Bernanke Threatens Extension of QE past $600 Billion
Bernanke the chairman of the federal reserve has said today that the US might need to extend bond purchases past the the $600 billion announced last month to spur on economic growth. The argument for this extension is based upon fears that the US economy is expanding at a bairly sustainable pace and ongoing fears […]
Irish Bailout Speculation Drives Markets
Ireland has finally admitted today that it may ask for a bailout as ECB President Jean-Claude Trichet signaled debt ridden nations can’t rely on him to keep their financial systems afloat forever. Lehinan has said that he would welcome contingency capital from the EU’s rescue fund. There is however now a growing concern that banks […]
UK Exposed to Irish Bailout?
This afternoon we have heard that the UK has a 13% exposure to the Irish debt situation and has therefore been called upon to help in a bailout package that could total upto €100 billion Euro’s. Mervyn King has stated that the UK’s exposure is by no means trivial which is in most traders eyes […]
BoE Inflation Report Unexpectedly Hawkish
The BoE inflation report led to a significant Sterling rally accross the board due Hawkish comments stating that consumer prices are around target in the medium term. The report went on to say that there was a high probability that the BoE Chancellor Mervyn King would have to write an inflation letter to the Chancellor […]
Is the Fed’s Stimulus Package and Inflation Time Bomb?
The Fed’s announcement will be upon us very soon. Traders now wait with baited breath to see whether the Fed will deliver just what everyone expects them to deliver. They will probably restart the asset purchasing program this evening even as growth is expected to accelerate to 2.6 in the second quarter of next year. […]