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Merkel : worst crisis to ravage Europe since the second world war “is far from over’…
Good Morning , – Risk in the markets return to off and EUR/USD falls to 3-week lows at 1.3123. – Asian markets : Japan’s Nikkei close , China’s Shanghai close , Hong Kong’s Hang Seng +0.08% , Korea’s Kospi -0.58% and Australia’s ASX 200 rose +0.82% . – In the three years that […]
Who is right? Gold or Equities?
We all know there is an inverse correlation between gold and the stock market. Nevertheless, this relationship does not seem to be so strong lately. The markets are at their highs while gold has recovered from the lows of 1100 area. The gold traders have anticipated a possible correction on equities and this gave great […]
USOIL consolidates before 60$ zone?
Crude Oil is consolidating around 50 to 54$ for several days after the 18% rally from February’s lows. Investors turned to bullish following OPEC’s agreement for cutting oil production and they are still speculating that most countries will stay in line. Furthermore, non-OPEC countries (like Russia) seem to follow the same strategy. OPEC group aims […]