Gold trimmed heavy weights as price break below critical support of $1530 panicked the market. Prices lost to the tune of 6% last week which has been carriedforward with near 5% loss during this week marking a low of $1321.50, the lowest level since January 2011. Sharp selling by large funds, speculation of end of monetary easing at US and Cyprus Gold selling has been the major hits for selloff.
Gold is a safe guard against currency risk and hence trades inversely with US Dollar which has gained 3% as compared to the basket of five...
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Fundamental Analysis
Pessimism would continue to compress US Dollar
April 17, 2013 - 14:43
Weaker Chinese GDP and pessimistic Global Growth Forecast by IMF were the headlines of this week while stupendous efforts by Bank of Japan in the form of record monetary easing and plans for Fiscal stimulus have started paying off in the form of elevated growth forecast by IMF. Euro region currency headed for the third weekly rise as weaker US Building Permits and CPI supported speculation of non-stop monetary easing. Dragon Nation- China, witnessed fourth consecutive trade below 8% growth rate supporting the dip in Industrial growth...
U.S. Dollar Continues to Drift Lower
April 09, 2013 - 14:32
Last week's disappointing Non-Farm Payrolls report and significantly lower than expected ISM PMI raised concerns that the U.S. economic recovery might be losing momentum. Here is an outlook of the important market movers from the coming week's U.S. economic calendar.
FOMC Meeting Minutes - On Wednesday, the U.S. Fed is scheduled to release the minutes from its recent meeting held on March 19-20, held before the recent jobs report. The minutes would be scrutinized to see if there is increasing preference among Committee...
Important data may show further strength in the U.S. economy
March 26, 2013 - 13:41
Relatively busier U.S. economic calendar
Economic data last week continued to paint pictures of improving U.S. economy, which is why investors will now focus this week's economic data to know whetherthe U.S. economy would continue to strengthen in the coming times? The upcoming U.S. economic calendar features U.S. Durable Goods Orders, Consumer Confidence and more on Housing data
Durable Goods Orders - To start, the February Durable Goods Orders are scheduled for release on Tuesday. Durable goods orders in January plunged 4.9...
Cyprus Worries May Continue to Rattle Markets
March 21, 2013 - 15:15
U.S. Fed committed to its accommodative monetary policy stance
The U.S. Federal Reserve ended a two-day meeting on Wednesday with a commitment to stick with its easy monetary policy in order to bring down long-term unemployment. Despite recent economic data pointing towards steady economic recovery, Fed's decision to keep its accommodative monetary stance pointed towards still higher unemployment rate and risk to the ongoing economic recovery. During the press conference, Fed Chairman Ben Bernanke said the central bank could...
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