Another Nightmare for Gold Bugs!
As US markets returned to work yesterday after the long Labor day weekend, and an even longer summer, trading for gold started with a bang.
inflation
Brent Steady, Supply Still Weighs On Prices
Brent crude (BNO, quote) oil traded steadily at $102.10 at 8:10 GMT as the global supply glut weighed on prices.
China Premier GDP growth of 7.5% in range
Chinese Premier Li Keqiang has reiterated “quality” as the mainspring of China’s growth, saying that quality growth, whether slightly higher or lower than 7.5 percent, will be acceptable.
China’s inflation grows 2.3% in June
The consumer price index (CPI), a main gauge of inflation, softened to a 2.3-percent year-on-year growth in June, triggering concerns of broader monetary policy easing as a whole-year outlook points to a soft inflation rate.
EURUSD Testing Major Support – June 2, 2014
EURUSD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions.
EURUSD Weighted Down By ECB
After two days of European Central Bank (ECB) President Mario Draghi comments the EURUSD remains weighted down.
5 Things You Need To Know To Profit In Europe
As an investor, misunderstandings and overreaction can offer some of the best opportunities to profit. Here 5 widely held beliefs are challenged and attractive investment strategies revealed: There is no need to fear deflation; The stock market trade has reversed; It’s not too late to join the (small cap) party; Central Bank action will not achieve its goal; Turmoil in Ukraine unlikely to directly impact earnings…
Brent Higher As Diplomacy In Ukraine Looking Less Likely
Brent crude oil (BNO, quote) ticked up on Thursday morning as rising tension in Ukraine increased worries about supply interruptions. The commodity traded at $109.72 at 8:25 GMT as peace talks in Geneva began to look less and less worthwhile.
Gold Hinges on non-Farm Payroll
After twelve sessions of pain for gold bugs yesterday the bulls attempted to arrest the fall of gold after hitting a low $1,277.40.
Morning Coffee Brief
Well the Fed minutes have come and gone and the worry and hesitance ahead of the release was unwarranted.