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Home» Posts tagged "Gold"

Archives

  • April 2013 (8)
  • March 2013 (18)
  • February 2013 (17)
  • January 2013 (16)
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Daily Market Review - April 3rd 2013

Posted on April 3, 2013 by Mike Roberts in Daily Market Review No Comments

The euro held steady on Wednesday as investors were keeping cool heads ahead of ECB meeting on Thursday. The political turmoil in Italy continues to concern investors as the leader of the centre-left bloc, Pier Luigi Bersani is trying to form a government. However, the chances of a unity coalition are slim in a deeply divided southern European country. The controversial banking bailout of Cyprus is another reason why the euro is perceived to be a in a vulnerable state…

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Daily Market Review - April 2nd 2013

Posted on April 2, 2013 by Mike Roberts in Daily Market Review No Comments

The single currency kept relatively steady following lacklustre job numbers and the impending Cyprus rescue package. Most analysts are expecting the eurozone to deteriorate further crisis around the continent keep popping up like mushrooms. During European trading hours, the euro was down 0.1 per cent against the dollar which has shown sign of recovery in recent weeks, spurred by larger economic developments in the US…

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Daily Market Review - March 28th 2013

Posted on March 28, 2013 by Mike Roberts in Daily Market Review No Comments

During Asian trading hours, euro edged slightly but remained around the 4-month lows as banks in Cyprus reopened on Thursday amid massive and draconian security arrangements. The banks had been shut for almost two weeks as the government had feared a massive outflow of funds from Cyprus. For instance, Russians started withdrawing funds as soon as rumours of the tax levy started circulating…

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Daily Market Review - March 19th 2013

Posted on March 19, 2013 by Mike Roberts in Daily Market Review No Comments

The pair hit 1.2934 during late Asian trade, showing no signs of recovery as Cyprus is looking to deliberate the proposed depositor levy tax, strongly opposed by most Cypriots. Dollar also rose due to positive housing data from the US…

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Daily Market Review - March 17th 2013

Posted on March 17, 2013 by Mike Roberts in Daily Market Review No Comments

The euro gained on the dollar by closing on Friday after a pact by EU officials to deliver ailing counties an extension to reach the tough deficit goals. Additionally, prospects for the success of the Cyprus bailout gave d the single currency a much needed boost…

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