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Japan and China
While last week’s confirmed return to growth in the Eurozone maintained investor’s lack of appetite for the dollar, the latest GDP report set to shock the currency dynamic comes from Japan. Released as the Tokyo markets star...
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Japanese Yen
In the November issue of Global Resources Alert we told readers that our next currency of choice may well be the Japanese yen. While it doesn’t have much in the way of yield to shout home about as rates are as low as 0.1%, the yen do...
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Trapped
The Bank of England sat around mulling the contents of its latest Quarterly Inflation Report with reporters yesterday. They were faced with a mixed bag of results. On the one hand the Bank expects stronger growth, while on the other they remain...
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Indecision day
No better way to describe Tuesday, other than a day of indecision. Equity prices came off the boil from Monday’s sharp rally only to close marginally higher in the case of the Dow industrials. As investors reassessed the weekend de...
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Commodities
Copper traders tried as they might on Monday to boost the price of the December future through $3.00 per ounce as G20 finance ministers displayed heroic ambivalence to the value of the dollar. By telling investors that they had intention of...
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Viral emails
As I checked my email inbox over the weekend I found two worthy emails – the first of which was one of those viral emails from a European friend. You must know the type by now: A funny anecdote that for some unknown reason the origin...
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What This Week's Federal Reserve Decision Means For You!
Absolutely nothing!
And don't believe anyone who tells you otherwise! This week's statement from the Fed was a carbon copy of the September statement. No more. No less.
It has zero implicat...
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GOLD
We've been pretty bullish on the prospects for gold prices for many months now and our brave and fearless mining and commodity expert, Sean Brodrick has been pounding the table telling readers that $1,300 per ounce could be on the cards.
On Tue...
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CRUDITÉS
For most of Thursday the dollar looked to be in more command of its destiny. Asian equity markets wobbled overnight after Chinese growth data disappointed some investors who were searching for more. But by the end of the day U.S. equity price...
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ONE OF THOSE DAYS
Actually, Wednesday turned out to be anything but an ordinary day. The equity market reversed course after a negative opening only to surge ahead before closing on the day's low. The dollar was mercilessly beaten to a pulp and commodi...
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UPS AND DOWNS
Tuesday was an altogether funny day and what did we really learn? We're still unsure at this point. Stock markets gave back plenty of recent gains - but rallied on the close to make the bearish "I told you so!" pundits look a li...
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MORE EARNINGS
With rain and flooding combining to surprise the northeast of the United States, the winter months are clearly descending fast upon the nation. Yet it's still five weeks to Thanksgiving. Last week traders and speculators increased their b...
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MORE EARNINGS
Another 15% of the S&P 500 index report earnings during the coming week. Both General Electric, a company so diverse that it is said to be the ultimate barometer of economic activity, and Bank of America were flies in the ointment on ...
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SOROS SPEAKS
Whether it's Buffett or Rogers, Greenspan or Soros reporters are always keen to report the words of these market gurus. Last night it was the turn of Hungarian-born billionaire and founder of the Quantum Fund, George Soros, to speak at an ...
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DOW 10,000
On April 7, 1999 Joe Smith was standing at the water fountain discussing his 10-and-a-half years to retirement with his coworkers. As he dared to share his retirement dreams Joe was thinking big. He and his wife would have endless time to tr...
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DANGER AHEAD?
As proud as we are here at the Daily Jurojin of being cautiously optimistic on the prospects for the seemingly fragile global economy, we are equally nervous about misreading any of the signals that are given off each day.
For example,...
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COMMODITIES
In thin trading on Monday the dollar index continued to fall, while equity indexes around the world continued to fresh peaks for 2009. And as they do investors continue to feel the need to hold fewer dollars. Instead they consider the prosp...
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DATA
Two big events are scheduled for this week in the form of retail sales and industrial production. But what will they teach us about where the economy stands in the recovery?
Retail sales will reveal the extent to which consumers held back from ...
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SPARKS TO FLY ON FRIDAY?
We're going to keep today's letter very short, simple and to the point.
Today is Friday. It's the last day of the week and sparks could really fly if investors decide to do one of two things, or indeed both.
All the sig...
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GOLD
Investment reporters are falling over one another to find the latest reason for the increase in the price of gold. Bullion on Wednesday traded at an all-time high at $1,049.70 per ounce.
Typically the dollar falls and prices of raw materials r...
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