Copper prices are fluctuating due to a weaker dollar and economic concerns. Copper trading is within a specific range and it has yet to make a hard move in one direction. However, the concerns regarding the U.S. and Chinese economies may have a strong effect on prices in the near future. America and China are [...]
China is starting to make moves away from the U.S. Dollar and towards the Euro and the Yen. Concerns relating to the U.S. economy were cited as one of the reasons. China has the largest foreign exchange reserves amounting to $2.45 trillion.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-08-15/china-favors-euros-over-dollars-as-bernanke-shifts-course-on-fed-stimulus.html
Jim Sutliff
Stocks tumbled on economic data and fears of relating to global growth. The Dow finished 265 points lower on the day with all 30 Dow components declining. Also, the Euro fell against the Dollar as investors looked for safe havens. Slow trading at the end of summer may make for wider market swings.
To read a related [...]
The Dollar fell as new home sales improved and the stock market advanced on Monday. The Euro almost reached $1.3000 which all but erases thedecline from the sovereign debt crises. The pound Sterling also advanced in trading on Monday.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/dollar-slips-euro-up-slightly-after-stress-tests-2010-07-26?siteid=rss&rss=1&mod=marketwatch
Jim Sutliff
To get a quick overview of the markets take a look at the Markets Brief on Forbes. It provides news and insights on domestic and global markets. The report also provides valuable information on earnings reports and views from analysts regarding economic events.
To visit the Forbes Markets Brief, please click here:
http://www.forbes.com/markets/marketsbrief/
Jim Sutliff
Jim Rogers is saying to sell bonds and to buy precious metals. Rogers predicted the commodities rally back in 1999 and is a frequent commentator on investment programs. His advice includes buying rice or silver and he also thinks the gold will hit $2,ooo an ounce. The gold price prediction did no tmention a date for [...]
The market continued to decline on Thursday on concerns of an economic slowdown. Stocks, commodities, and the Dollar all retreated on economic data. A poor economic picture was painted by numbers from manufacturing, home sales, and jobless claims.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/news/2010-06-30/asian-stocks-won-drop-on-concern-recovery-is-faltering-bond-risk-climbs.html
Jim Sutliff
Medvedev is pushing for the Russian Ruble to be a reserve currency which would cut into the dominance of the U.S. Dollar. His wish is to make Moscow a global financial hub and to help lift an ailing Russian economy. The Russians saw their GDP shrink 7.9% last year and that marked the worst decline [...]
European banks are facing another round of sovereign debt concerns. Some analysts believe that European banks that have exposure to Greek, Portuguese, and Spanish bonds may have to writedown values. Some firms are leaving cash with the central bank and not lending the funds to counterparties. One reason would be a concern that the counterparty [...]
Economic reports from China, Japan, and Australia showed accelerating growth and that helped to send stocks higher. Stocks, commodities and the Euro all rallied at the same time as Treasuries declined and gold fell. The S & P 500 index increased 3 % by the end of the day.
To read a related Bloomberg article, please [...]
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