You are currently browsing the SereneLoi.com weblog archives for the day Monday, November 2nd, 2009.

Market Brief – 02Nov – European

Posted by sereneloi on 02 Nov 2009 under Market (Summary)

European Session: CIT Bankruptcy Shakes Risk Appetite…Briefly
The slightly weaker US economic data, as well as worries about the stability of the US financial industry, prompted selling in risk correlated trades last week. In the FX market, high beta currencies were the biggest losers as falling equity and commodity prices renewed risk-aversion & spawned correction [...]

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Gold & Silver Commentary – 02Nov

Posted by sereneloi on 02 Nov 2009 under Market (Gold)

Gold declined $1.77 on Friday on the back of a rebound in the US dollar and sharply lower equity markets. Under a closer look it seemed that despite the increase in GDP there are doubts about the strength of economic recovery given that some areas continue to be under pressure. Consequently investors booked profits in [...]

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Volatile wk start in Asia; Risk currencies stage strong rebound after early weakness, very heavy event risk calendar, likely choppy markets.

Posted by sereneloi on 02 Nov 2009 under Headline Tweets

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Traditional enemy of Japanese exports -STRONG YEN- hitting books of Sony, Honda & other global brands, sends companies shares trading lower.

Posted by sereneloi on 02 Nov 2009 under Headline Tweets

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Week starts, USD & JPY higher against major rivals, as general risk aversion sentiment spreads. However, EUR & CHF practically unchanged.

Posted by sereneloi on 02 Nov 2009 under Headline Tweets

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DJI worst slide since July, Fri on concerns economic recovery won’t be robust to sustain 7mth stock rally. Financials sank, renewed worries.

Posted by sereneloi on 02 Nov 2009 under Headline Tweets

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PRECIOUS – Gold Drops Amid Sharp Equities Sell-off

Posted by sereneloi on 02 Nov 2009 under PRECIOUS

PRECIOUS – Gold Drops Amid Sharp Equities Sell-off
* Gold prices down but hold well despite Wall St sell-off
* Volatility index rallies, highest since July
* Gold BUGS index down as much as 5 pct in stocks rout
NEW YORK, Oct 30 (Reuters) – Gold prices dropped on Friday amid a sharp equities sell-off, driven by renewed worries [...]

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COMMODITIES – Surging Dollar Sinks Markets; Oil, Corn Down 4pct

Posted by sereneloi on 02 Nov 2009 under COMMODITIES

COMMODITIES – Surging Dollar Sinks Markets; Oil, Corn Down 4pct
* Oil and corn down nearly 4 pct; copper loses over 2 pct
* RJ/CRB index down more than 2 percent
* Dollar may outperform commodities if recovery is robust
NEW YORK, Oct 30 (Reuters) – Commodities fell sharply on Friday, giving back virtually all the previous session’s [...]

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