Weekly overview, Forex and Precious Metals 15th KW 2011

Tags: Australian Dollar, Canadian dollar, currency market, interest rate, Japanese yen, palladium, platinum, precious metal, silver

Opening FX: Euro still bouncing. Until when?

The Euro-dollar has met our expectation and has gone above 1.3435 to a session high at 1.3488. A single currency has been granted, for the moment, pretty well the announcement of a plan of aid to Greece.

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Tags: currency, Eurozone, fixed income, Forex, ounce of gold, silver

Opening Forex: All pending employment report in the U.S.

The yen is losing ground against its major crosses. In particular, we highlight the progress of the dollar-yen cross is fired after the guideline recently drilled bass and seems ready to go to prove the beginning of the year highs. The euro recovered ground but remains hampered by funding problems in Greece. We are of the opinion that a matter of time to meet again speculative attacks on countries of the Euro zone. The fiscal situation of peripheral economies in Europe remains very worrying. The problem of Irish banks will generate a substantial increase in public debt in the country of clover is another variable that is weighing heavily on investor sentiment. Read the rest of this entry »

Tags: bonds, British Pound, Euro Dollar, Forex, silver, Swiss Franc