четверг, 30 августа 2012 г.

Close call on FED easing

The US Federal Reserve’ decision on whether to take economic stimulus to boost a stagnating economy, is “too close to call”, a top FED official stated yesterday on the eve of Ben Bernanke’s annual speech. US, Asian and European stocks fell. Dow Jones gave up 0,81 % while the technology index, Nasdaq, dropped 1.03 %. In Japan Nikkei slipped 1,1 % to a two-week low. The Euro/USD, Gold, Silver and oils are steady and waiting. The Norwegian krone (NOK) is extremely strong both against Euro and USD.

Read more on http://www.uwcfx.com/en/market-reviews/close-call-on-fed-easing.html

Asian shares hit one-month low


Asian stocks hit a one-month low this morning. The Euro stays steady as global markets waited for hints on further US economic stimulus in Federal Reserve Chairman Ben Bernanke’s address at Jackson Hole tomorrow. Euro/USD is steady at 1.2543 and there is small changes in other currency pairs. Brent crude is staying above 112 with NYMEX dropping to 95 USD a barrel. Gold is trapped in a tight trading range between 1655 and Monday’s 4-month high on 1676.  If Bernanke’s address  misses to give  clear signals for a new round of quantitative easing, both gold and silver would come under sell pressure.
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