By Russell Glaser – Spot gold prices have surged and are closing in on their all-time high. Negative risk sentiment surrounding the recovery of...
Gold Testing All-Time High, Again
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American Eagle Outfitters Misses Q4 Estimates, Issues Outlook
American Eagle Outfitters (NYSE:AEO) announced Q4 EPS of $0.35, missing analyst estimates of $0.36. Revenues rose 14% year-over-year to...
EUR/USD back below 1.39; EUR/GBP weighs
EUR/USD’s rally has been cut short with significant supply in the 1.3900/25 area capping the midday rally. EUR/GBP remains under pressure this afternoon as GBP shorts set up i the last few days are badly squeezed. Today’s GBP rally is surprising given the political disarray in the UK at...
BOE exit strategy: raise rates, sell assets or both
Bank of England chief economist Dale says the BOE exit strategy from its super-easy monetary policy is likely to consist of a combination of raising rates and selling assets. Pretty straight-forward, really. Also crossing the wires is news from Germany that its tax take has fallen 7.1% y/y in May....
USDJPY’s fall extended further to 83.37
USDJPY’s fall from 84.49 extended further to as low as 83.37. Deeper decline is still possible later today and next target would be at...
Daily Forex Tips - June 9th 2009
10:00 GMT: EUR - German Industrial Production: - This indicator reflects the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. - It’s a leading indicator of economic health - production reacts quickly to ups and downs in the business...