112 posts tagged external research

The interesting and generally questionable conclusions in the April consumer price report provided a false sense of comfort in global financial markets that we believe will be temporary. The finding that the cost of domestic gasoline fell -2.0% month over month during a time when prices at the pump

Gold was up $13 to $878.40 yesterday and silver was up 7 cents to $16.62 (more on silver below). Gold traded flat in Asia and has risen in early trading in Europe to $889 per ounce. The dollar is flat but oil is again higher and this is contributing to gold’s rally this morning.

By Martin Hutchinson Chinese President Hu Jintao and Japanese Prime Minister Yauo Fukuda met recently and signed some modest cooperation agreements. That doesn’t sound much to get excited about, until you consider how well the Chinese and Japanese economies fit together.

The Prince will not be taking Tony James’ tongue and cheek advice to go forth and tell the people that covenant-lite and PIK Toggle financing is good for society.  The covenants that were attached to LBO debt in Spring 2007 and 2006 were so wide on cash-flow and operation requirements that you could drive a [...] ...

Gold was down $3.60 to $865.40 yesterday and silver was down 18 cents to $16.55. Gold traded flat in Asia and has risen marginally in early trading in Europe. While the dollar is down today, the dollar’s short term bounce may continue and this could put further pressure on gold and result in further consolidation at these levels (the $850 to $890 range).

By Martin Hutchinson Brazil is a lot like a person who gets a new job, pays off some of his debts, and has his credit score upgraded. In pretty short order, all the charge-card companies boost his credit limits, cut the interest rates he’s paying on his outstanding balances, offer him new credit

Today’s US Dollar Trading •USD rallies ahead of News, lacks follow-through •Majors on S/R volumes low •Sovereign names seen selling USD Overnight Preview •A round of book-squaring likely Looking Ahead to Thursday All times EASTERN (-5 GMT) •8:30am USD Empire State Business Conditions Index

By Keith Fitz-Gerald KYOTO, JAPAN - On one of my first mornings at our home here, my family and I headed for the Fushimi Inari Taisha shrine. Built in the 8th century by the powerful Hata family, the shrine is best known for the four consecutive kilometers of orange Torii gates covering the mountain on which it was built.

Today’s US Dollar Trading • USD extends rally during New York • Flows described as light and disorderly Overnight Preview • Look for book-squaring • USD may have gotten ahead of itself Looking Ahead to Wednesday All times EASTERN (-5 GMT) • 8:30am USD Core CPI m/m 0.2% • 8:30am USD CPI m/m

Gold was down 80 cents to $883.90 yesterday but silver was up 36 cents to $17.16. The London AM Gold Fix at 1030 GMT this morning was at $877.00, £450.18 and €566.61 (from $887.25, £453.91 and €573.60 yesterday).