The Euro gave up some of its gains from earlier in the week as German Bund yields traded in a steady range with a slightly downward bias. ECB President Draghi did his bit for the weak tone in the Euro overnight as he sta…
The Euro gave up some of its gains from earlier in the week as German Bund yields traded in a steady range with a slightly downward bias. ECB President Draghi did his bit for the weak tone in the Euro overnight as he stated that the ECB will implement in full its bond-buying program and it will stay in place as long as needed. This also sent European stocks higher which had been beaten down due to the turbulence in the bond markets.
The never ending Greek-EU talks on reforms continued to be in focus and the Syriza government seemed to conceded to the demand of the "Troika" as it tried to move ahead with the privatization of its largest port, Piraeus.
As soon as it had assumed power in Jan, the Greek government had tried to move back on this privatization which was agreed as part of the bailout funding deal. This has already ruffled feathers in Greece as the Syriza party is seen as rolling back its pre-election promises and we could witness political chaos in Greece in the coming months.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
