New York TimesSocGen first-quarter fixed-income surge offset by chargesCNBC.comPARIS (Reuters) – French bank Societe Generale reported a 20.1 percent drop in quarterly net profit, as the cost of selling assets in a weak economy and other one-off charge…
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One of the main reasons why we have been not so focused on paper representations of real currencies (i.e., gold and silver) is that ever since the MF Global debacle, in which it became all too clear that if physical gold can be “hypothecated” via…
On the exceptionally light volume of Friday’s session, the SPX staged a breakout over its 200 dma and a major resistance line. The Dow Jones Industrial Average also knocked out my preferred count, which had held its ground since October. &nb…
Investors’ Most Crucial Decision – U.S. Recession Or Not?
by: Jeremy Robson December 7, 2011
I posted an article here on the likely course of the S&P 500 over the next 12 months. This post is intended to fill in the gaps from that article.
Europe i…
Goldman Sachs is out with its first predictions for how 2012 and 2013 will shape up, and the news isn’t all that thrilling.
Led by Francesco Garzarelli in London and Dominic Wilson in New York, the team set out to forecast what markets, currencies, …
As predicted, Wednesday’s normally seasonally-bullish session turned into a big red candle. That in itself should tell us something about this market, as that marks only the second time in ten years that the Wednesday before Thanksgiving&nbs…
Bloomberg got it partly right when taking the gloomy view it reported that, “Retail sales in the U.S. unexpectedly stagnated in August as a lack of employment…
The Swiss franc tumbled, dropping the most ever against the euro, after the nation’s central bank set a minimum exchange rate of 1.20 per euro and said it will defend the target with the “utmost determination” if needed.
Switzerland’s curren…
A couple of weeks ago as the markets were tanking and everyone was running around like a chicken with its head cutoff; i was quietly watching the markets, currencies and commodities and trying to decipher what was happening and all the while i notic…
It is fascinating that most currencies have fallen against the dollar and gold has jumped so much in the last few days. Except for the Swiss Franc most have weakened against the USD. The premium on the Canadian dollar has totally evaporated.