By Greg PeelThe Dow closed down 49 points or 0.4% while the S&P lost 0.2% to 1353 and the Nasdaq fell 0.
A very bizarre exchange between several CNBC finance pundits recently aired in the US. They started saying exactly the things they ridiculed not long ago.
Gold Now Flat On A Year Ago, By Adrian AshGold in Dollars just went flat from 12 months ago. But in Euros.
By Alexander Green, Investment U Chief Investment StrategistWhen I first got started in the investment business 27 years ago ? as a novice stockbroker ? I had an awkward conversation with a client.
"Everybody is analyzing policies...as if policies could make any real difference. What really matters is culture," said an Irish friend yesterday.
By Peter Switzer, Switzer Super ReportAround the world, Europe remains the thorn in the bull's hoof that stops it from charging.
While all major Australian airports were the subject of various complaints by air travelers, because of the sheer volume of passengers and planes it handles, Sydney Airport topped the list.
By Greg PeelThe Dow closed down 31 points or 0.3% while the S&P lost 0.5% to 1334 and the Nasdaq fell 0.
By Chris Tedder, Research Analyst FOREX.comThe much anticipated Chinese GDP data printed just below consensus at 7.
By Greg PeelThe Dow closed down 48 points or 0.4% while the S&P closed flat at 1341 and the Nasdaq lost 0.
By Greg PeelExchange traded funds (ETF) have now been the fastest growing investment product globally in the past decade and continue to be so.
China's consumer prices rose 2.2% in June from the year before, according to data published yesterday. That rate is a 29-month low. More importantly, it has some people excited that China's authorities have free reign to promote growth through more stimulus. They can spend, spend, spend without fear of igniting socially destabilising inflation in consumer prices.
By Greg PeelThe Dow closed down 83 points or 0.7% while the S&P fell 0.8% to 1341 and the Nasdaq lost 1.
FNArena has added another video to its Investors Education section on the website. This week, ATW's Jerry Simmons takes a new look at the EUR/USD, noting it has completed a five wave move, taking out a pivot low in the process.
Chinese Premier Wen Jiabao has warned that China faces serious "downward pressures" and added that China will have to adopt aggressive stimulus measures to achieve its 2012 growth target.
By Greg PeelThe Dow closed down 36 points or 0.3% while the S&P lost 0.2% to 1352 and the Nasdaq fell 0.
By Jeremy Wagner, Lead Trading Instructor, FXCMThe fact is that most traders, regardless of how intelligent and knowledgeable they may be about the markets, lose money.
It seems it takes a lot to excite investors in this current climate. Despite rate cuts overnight from both the European Central Bank and the People's Bank of China, investors sold out of equities today fearing the stimulus wouldn't be enough. There was also some trepidation and profit taking ahead of a key jobs report coming out of the US tonight.
By Peter Switzer, Switzer Super ReportTwo weeks ago I irreverently suggested, with apologies to Kath & Kim, that "I could feel it in me waters" that stocks could be heading up.
By Greg PeelThe Dow closed down 46 points or 0.4% while the S&P lost 0.5% to 1367 and the Nasdaq closed flat.
By Chris Tedder, Research Analyst FOREX.comSince investors in Asia last handed the reins to those in Europe three central banks have taken action to simulate their respective economies/region.
By Greg PeelEuropean stock markets had been on a tear since the EU summit produced a welcome result but the next step in the process is to see what further relief the ECB might be able to provide.
According to the reports released late on Friday, Bristol-Myers Squibb Co (BMY) is planning to buy Amylin Pharmaceuticals Inc (AMLN), a biotechnology company, for nearly about 5.3 billion dollars cash price.
"QE3 Probability" Could Boost Gold, No Need for Gold Standard "Until Money Collapses Completely"By Ben TraynorSPOT MARKET gold prices traded close to $1610 an ounce for most of Tuesday morning in London, after breaking through the $1600 mark during the earlier Asian session.
By Greg PeelThe Dow rose 72 points or 0.6% while the S&P gained 0.6% to 1374 and the Nasdaq added 0.8%.
By Chris Tedder, Research Analyst FOREX.comIt was an interesting session during Asian trade with some very jumpy price action in the FX market due to low levels of liquidity, with many investors choosing to remain on the sidelines ahead of the US holiday.
By Greg PeelYesterday gaming machine company Aristocrat Leisure ((ALL)) provided the market with first half profit guidance (ALL accounts on a calendar year) without providing an operational update.
By Andrew NelsonA slow week last week ended what was a slow month for uranium trading. Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.
By Greg PeelThe Dow closed down 8 points or 0.1% while the S&P added 0.3% to 1365 and the Nasdaq jumped another 0.
By Greg Peel"Oops."It is assumed by economists that this is what we would have heard from the RBA board members after the release of the Australian March quarter GDP result, having just added another 25 basis points of cut last month to the previous 50.
