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Pamela Aden: Ready to Rebound?
Source: The Gold Report
Veteran analyst Pamela Aden’s studies of the market suggest that although recovery is by no means imminent, a respite for the battered stock market is due and she sees important signs of calming in the turbulence. In this wide-ranging interview with The Gold Report as one of Wall Street’s worst years comes to a close, Pamela—who with her sister, Mary Anne, publishes the highly regarded Aden Forecast—talks about prospects for gold, silver, bonds, currencies and more.
The Gold Report: The stock market is down, the dollar index is down, the LIBOR (London Interbank Offered Rate) has also come down,…
2Jan2009 | The Gold Report | 0 comments | ContinuedFX MARKETS QUIET AHEAD OF THE CHRISTMAS
The dollar was stronger against most of the G10 on light trading volume, which is typical prior to a major holiday. The EurUsd rose 30pips to the mid 1.39 level, while the UsdJpy picked up 10pips to the low 90 price area. The GbpUsd dropped 95pips to low range of 1.48, probably due in part mostly to heightened volatility. Bond yields gave up little ground in terms of prices, as treasury yields remain extremely tight. Eurobond yields dropped across the board, with the French and German 10yr down 7bps. Equity markets closed lower in the US, with the Dow down…
22Dec2008 | Advanced Currency Markets | 0 comments | ContinuedUS SESSION: CALM BEFORE THE STORM, CENTRAL BANKS ARE SET TO MEET NEXT WEEK
Dollar strength carried into Black Friday, seeing strong against the majors. The EurUsd fell a bit over 200pips to the low 1.27 level, while the UsdJpy rose 30 pips to the mid 95 price area. The GbpUsd slipped 90 pips to the low range of 1.53, on a light trading day. Equities are mostly flat following the US holiday, traditionally a low volume session. Bond yields remain compressed with the 2yr at 1.1% and 10yr at 2.9%, we should look for more activity next week considering monetary policy decisions out among the G7. Commodities declined across the board with oil…
28Nov2008 | Advanced Currency Markets | 0 comments | Continued
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