Another start to an interesting week, with Europe dominating the headlines this week with the Greece and sovereign debt issues in Europe creating lots of headwinds. We have seen the European markets and the Euro lose significant value over the past few days, but with the looming problems in the US, the Euro performed relatively[…]

After yesterday’s bad day on the global equity markets, we basically had another red day, but this time more driven from the European continent. After we had not heard any big surprises from China from the first day of the Chinese Communist Party Congress, there was no new momentum out of Asia. Later on Mario[…]

Finally, election day is behind us and as we expected Obama has won it. But this morning started with a gloomy European Economic Outlook by Mario Draghi in which he corrected the European growth down and his deficit forecast for France and Spain will be much higher than 3% for 2013 and 2014. He also[…]

Ladies and Gentleman, its Election Day! Even though the results will come in tonight, it looks like the market is expecting an Obama win since the markets are having a rally and especially Gold and Silver had a good bounce and corrected the sell-off from last Friday. The other newsworthy highlight of this morning was[…]

Since yesterday was a quiet day, we are concentrating on today which was much more active. This is also the last day of the week before the very important “election week”. The highlight today was clearly the US October jobs report which has beaten estimates and had sent the US Dollar surging and most commodities[…]

Last Friday I talked about the economic “calm before the storm” week, but the opposite was true for weather related incidents during this week. Storm Sandy has halted US market activities for the past two days and finally things are from a market perspective back to normal and Sandy didn’t had any major effects on[…]

Red markets throughout the day with the exception when the US GDP numbers where released this morning. The US GDP numbers gave the markets a short boost, but that was erased later by still worrying earnings numbers and a weakening global economy. At the end of the day the US markets had a last minute[…]

Today we had a modest rebound in the markets. The positive GDP numbers from the UK helped to boost the markets and there was some optimism. The US markets ended slightly in the green but sentiment was neutral, due to mixed earnings. Commodities had a better day and precious metals eliminated some of the losses[…]

A day that made nobody any wiser. In Europe Mario Draghi was talking about deflation risk and in the US Ben Bernanke was talking about short-term inflation risk. The FOMC meeting just confirmed their September easing actions, but nothing else was to be expected this close to the election in 2 weeks. At the end[…]

Markets had a huge sell off today due to more disappointing earnings data and worries of a slowing global economy. Markets all over the board closed with major losses and two exceptions again were the US Dollar and the VIX index. There is concern that QE3 didn’t do anything to boost the US economy and[…]