You are currently browsing the archives for the Currency category.
9. February 2012 by Jim Sutliff.
Greek leaders agreed to terms for a second bailout of approximately $172 billion dollars. The Greek parliament stills need to ratify the agreement as well as major reductions in spending. European Union finance ministers would than have to provide final approval for the deal.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2012/02/09/us-greece-idUSTRE8120HI20120209
James Sutliff
Posted in Investments, Euro, General, Economic News, Currency, Bonds | No Comments »
6. January 2012 by Jim Sutliff.
The European debt crisis has forced the Euro lower in trading over the last few months. Recent weeks have shown a steeper decline as recessionary concerns mounted and the debt crisis remained unresolved. The Euro fell below $1.27 in Friday trading before climbing back above that mark. Recently, the Euro showed weakness against the Yen as well as other currencies.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Trading, Euro, Investments, General, Currency, Economic News, Banking | No Comments »
29. December 2011 by Jim Sutliff.
Treasuries fell as prospects improved for the U.S. economy in 2012. This marked the first decline for Treasuries in four days. Ten year yields rose dlightly in trading to 1.91%. Ten year yields fell to as low as 1.67% on September 23rd.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Currency | No Comments »
16. December 2011 by Jim Sutliff.
Fitch Ratings indicated that they may downgrade the sovereign debt of seven European nations. France is one of the European nations facing a downgrade from Fitch. The six other nations are Belgium, Cyprus, Ireland, Italy, Slovenia, and Spain.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Interest Rates, Trading, Treasury, Euro, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
14. December 2011 by Jim Sutliff.
On Wednesday, Federal Reserve Chairman Ben Bernanke met with Republican Senators to discuss the European Union sovereign debt crisis. According to GOP Senators, Bernanke indicated that the European debt crisis could significantly impact the American economy. The Euro fell below $1.30 in afternoon trading.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/12/14/news/economy/bernanke_europe_senate_gop/index.htm
Jim Sutliff
Posted in Interest Rates, Democrat, Republican, Trading, Federal Reserve, Euro, Treasury, Regulatory, Political News, Currency, Bonds, Economic News, General, Investments, Infrastructure, Banking | No Comments »
12. December 2011 by Jim Sutliff.
The Euro fell on news that Moody’s is considering a downgrade of European Union sovereign debt. The inability to end the debt crisis is one factor in the Moody’s decision. In currency trading, the Euro fell to $1.3184 which is the lowest mark since October 4th. Also, Italian bonds declined in trading.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Stocks, Interest Rates, Trading, Euro, Regulatory, Investments, Bonds, Currency, Economic News, General, Banking | No Comments »
10. December 2011 by Jim Sutliff.
European leaders reached an agreement on centralized fiscal policy. The agreement is supported by all 17 euro zone countries as well as the 9 countries seeking to join the union. England did not approve the fiscal plan. Stock markets reacted positively with the Dow Jones rising 163.44 points.
To read a related Fox Business article, please click here:
http://www.foxbusiness.com/markets/2011/12/09/european-leaders-give-markets-what-wanted/
Jim Sutliff
Posted in Political News, Trading, Euro, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
8. December 2011 by Jim Sutliff.
Stock markets across Asia fell with Japan’s Nikkei dropping 1.6% and Korea’s Kospi Composite falling 1.9%. New Zealand and Australian markets were also lower in trading. European debt crisis concerns were the driving force in the markets. The Euro fell to $1.3345 against the Dollar and gold rose $7.40 to $1,713.20 an ounce.
To read a related Wall Street Journal article, please click here:
James Sutliff
Posted in Stocks, Interest Rates, Trading, Euro, Options & Futures, Investments, Bonds, Currency, Economic News, General, Banking | No Comments »
1. December 2011 by Jim Sutliff.
European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower. Crude oil settled at slightly higher than $100 dollars a barrel on Thursday. This is the first time since February 2009 that Chinese manufacturing has contracted.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Oil, Trading, Earnings, Euro, Investments, General, Bonds, Currency, Economic News, Gasoline, Banking | No Comments »
19. November 2011 by Jim Sutliff.
Yields for European sovereign debt continue to drive the Euro lower in trading. The Euro fell against most major currencies and settled at $1.3525. In trading against the Yen, the Euro fell to 104 Yen and had the biggest weekly drop since late September. Cross currency rates improved slightly for the Euro against the New Zealand Kiwi and the South African Rand.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Options & Futures, Interest Rates, Trading, Euro, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
16. November 2011 by Jim Sutliff.
Oil climbed over $100 a barrel in early trading on Wednesday for the first time since July 26th. Oil has risen on positive economic figures such as industrial production and October retail sales. However, the strength of the Dollar may slow increases in crude oil.
To read a related CNN Money article, please click here:
http://money.cnn.com/2011/11/16/markets/oil_prices/index.htm?iid=HP_LN
James Sutliff
Posted in Oil, Options & Futures, Trading, Euro, Investments, General, Banking, Currency, Economic News, Uncategorized | No Comments »
14. November 2011 by Jim Sutliff.
A paper released by the Federal Reserve Bank of San Francisco indicates that the crisis in Europe could trigger a 2012 recession in America. According to the paper, the chances of a recession in the first six months of 2012 have increased to 50%.
To read a related Bloomberg article, please click here:
Jim Sutliff
Posted in Stocks, Federal Reserve, Treasury, Euro, Investments, General, Bonds, Currency, Economic News, Education, Banking | No Comments »
9. November 2011 by Jim Sutliff.
The Euro zone debt crisis continues to spread and yields on Italian debt broke the 7% mark today. As a result, the Dow Jones Industrial Average fell almost 400 points in trading on Wednesday. Speculation of a smaller Euro zone with deeper integration has increased over the last week. In a recent speech, French President Nicholas Sarkozy mentioned a two-speed Euro zone which would be smaller than the current European Union.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/11/09/us-eurozone-future-sarkozy-idUSTRE7A85VV20111109
James Sutliff
Posted in Stocks, Regulatory, Interest Rates, Trading, Euro, Political News, Options & Futures, Currency, Bonds, Economic News, General, Investments, Banking | No Comments »
7. November 2011 by Jim Sutliff.
Stock futures are lower as traders focus on Italian bonds. Bond yields for Italian debt have climbed and Berlusconi may step down as Prime Minister. The 10 year Italian government bond yield rose to 6.58%. The Dow Jones Industrial Average closed at almost 12,000 on Friday.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/us-stock-futures-sink-on-italy-worries-2011-11-07?dist=beforebell
Jim Sutliff
Posted in Interest Rates, Trading, Euro, Investments, General, Bonds, Currency, Economic News, Banking | No Comments »
4. November 2011 by Jim Sutliff.
Gold broke the $1,760 an ounce mark in trading this week. The precious metal rose on the possibility of slower domestic economic growth and another round of monetary stimulus. Recently, Federal Reserve Chairman Ben Bernanke indicated that additional monetary stimulus may be in the works to lower unemployment. The lingering European debt crisis is also increasing demand for gold.
To read a related Bloomberg article, please click here:
James Sutliff
Posted in Interest Rates, Stocks, Regulatory, Trading, Federal Reserve, Euro, Treasury, Options & Futures, Metals, Currency, Bonds, Economic News, General, Investments, Hedge Funds, Banking | No Comments »