Interesting and volatile day. We have seen the US equity markets swing up and down on different news, but the US fiscal cliff discussion is starting to show its effects. In the end the US markets ended positive on President Obama’s and John Boehner comment that a solution might be near. I believe this is[…]
After last week, which has been slow due to Thanksgiving Holidays, we are starting this week in Europe by kicking the can for a third time down the road for Greece and apparently nobody seems to care anymore. Even though Greece’s bankruptcy has been averted, again, the markets are not really reacting and we are[…]
Dear PGM Capital Blog readers, This weekend, we want to talk with you about the Currency War that is currently taking place. Currency war definition: Currency War, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency, in order to support their export.[…]
The markets continue its sell-off and the economic news are not getting any better. This morning Europe was officially declared to be in a recession and the problems in Greece and Spain are far from being solved. The US is trying to avoid its own big problems too, but right now they are happy to[…]
Another start to an interesting week, with Europe dominating the headlines this week with the Greece and sovereign debt issues in Europe creating lots of headwinds. We have seen the European markets and the Euro lose significant value over the past few days, but with the looming problems in the US, the Euro performed relatively[…]
After yesterday’s bad day on the global equity markets, we basically had another red day, but this time more driven from the European continent. After we had not heard any big surprises from China from the first day of the Chinese Communist Party Congress, there was no new momentum out of Asia. Later on Mario[…]
Dear PGM Capital Blog readers, As predicted by our research team USA president Barack Obama won a second term in the White House in yesterday’s USA presidential elections by defeating Republican nominee Mitt Romney, hereby making history as the first US president to survive a dragging economy and stifling unemployment, that already haunted him during his first term and[…]
Finally, election day is behind us and as we expected Obama has won it. But this morning started with a gloomy European Economic Outlook by Mario Draghi in which he corrected the European growth down and his deficit forecast for France and Spain will be much higher than 3% for 2013 and 2014. He also[…]
Ladies and Gentleman, its Election Day! Even though the results will come in tonight, it looks like the market is expecting an Obama win since the markets are having a rally and especially Gold and Silver had a good bounce and corrected the sell-off from last Friday. The other newsworthy highlight of this morning was[…]
Since yesterday was a quiet day, we are concentrating on today which was much more active. This is also the last day of the week before the very important “election week”. The highlight today was clearly the US October jobs report which has beaten estimates and had sent the US Dollar surging and most commodities[…]