By MoneyMorning.com.au After months of buzz about how the debt crisis in Europe will trigger credit ratings cuts, Standard & Poor’s issued...
Crisis in Europe: Prepare for Repercussions from Credit Rating Downgrades
Source: feedproxy.google.com
Read more...
Fundamental Outlook at 1400 GMT (EDT + 0400)
By GCI Financial - The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4140 level and...
Monetary Policy Week in Review – 17 September 2011
The past week in monetary policy saw 13 central banks review interest rate levels and monetary policy settings. Those that changed rates...
Usd/Cad reverses early rally
Here’s a good one, Canadian payroll data is worse than expected while US data massively trumps consensus, which shows us the sell USD reflation trade is still on. With commodities also enjoying a huge lift from the payrolls the Loony is a major beneficiary, currently at 1.0983 after hitting...
Commodity stockpiling about to slow down
An interesting development over the last 9 months has been the stockpiling of commodities by countries such as China and South Korea. Rather than buying financial market paper, they have been buying hard assets such as oil, iron ore and canola. It’s the equivalent of you or I stocking up on...
Banco Central de Chile Holds Rate at 5.00%
The Banco Central de Chile kept its monetary policy interest rate unchanged at 5.00%. The Bank noted: “Domestically,...