Search Results for: Federal Reserve
Gold price rises to $1,117.80 an ounce
August 18th, 2015
Analysts attribute increase to Chinese yuan devaluation The global prices of gold moved higher on Monday, causing retail prices in the UAE to edge slightly higher by less than a dirham per gram. Retail gold rate in Dubai went ...
Another Monday, Another Batch Of Brutal Numbers
August 17th, 2015
The global recovery meme got another series of jolts this morning, as pretty much everything suprised on the downside. In no particular order: ” Japan economy shrinks in second quarter in setback for ‘Abenomics’ China’s economic ...
HSBC predicts Gold prices will end the year as much as 10 percent higher than current levels
August 17th, 2015
Cheer up, gold bugs: HSBC predicts a year-end recovery The precipitous downturn in gold has taken the market to levels not seen since March 2009 but low prices may contain the seeds of the next rally, according to HSBC. ...
Dollar Gains as Yuan Fallout Continues for Emerging Assets
August 17th, 2015
The dollar strengthened as China’s shift to a more market-oriented exchange rate continued to reverberate through emerging economies, driving stocks and the ringgit lower. Oil fell, leading a gauge of commodities to a 13-year low. The dollar was stronger ...
China’s Yuan Rate Rises for First Time Since Devaluation
August 14th, 2015
The yuan halted a three-day slide after China’s central bank raised its reference rate for the first time since Tuesday’s devaluation and said it will intervene to prevent excessive swings. The onshore spot rate was little changed at 6.4003 ...
Can You Imagine The Fed Raising Rates In This World? Currency Crisis Edition
August 13th, 2015
A month ago China’s stock bubble was bursting and Greece was imploding. Yet the US Fed, in a violation of both headline sentiment and common sense, was still promising to raise interest rates come September. Fast forward to this ...
Yuan cut clobbers markets, rekindles fear of forex war
August 12th, 2015
China’s 2 percent devaluation of the yuan hit global equities and U.S. oil prices on Tuesday with investors fearing a new currency war as well as declining Chinese economic momentum. Wall Street ended lower as investors contemplated the implications ...
PBOC sharply cuts yuan against US dollar after weak data
August 11th, 2015
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency markets. In a statement, the Chinese central bank said that ...
Gold stalls as US jobs data keeps door open to Sept Fed hike
August 10th, 2015
Gold had longest weekly losing streak since 1999 Any delay in rate hike expectations won’t fuel gold rally – HSBC (Adds analyst comment, updates prices) Gold steadied not far above a 5-1/2-year low on Monday, with a firm dollar ...
Asia Stocks Swing as Aussie, Copper Slide on China; Oil Retreats
August 10th, 2015
Asian stocks swung between gains and losses and the Australian dollar slipped after a slump in Chinese exports and producer prices. Copper fell, while crude oil retreated toward this year’s low after U.S. producers added rigs. The MSCI Asia ...
